Kimberly-Clark Corp (KMB) stock has been fluctuating while still underperforming the market, prompting some advisors and funds to sell their shares. Several companies, including
Wealthspire Advisors LLC and
Advisory Services Network LLC, have reduced their holdings in the company. Conversely,
Forsta AP Fonden,
Empowered Funds LLC, and others have purchased significant amounts of KMB shares. The company has been seen as an
interesting dividend growth play but considered high premium. A potential decline in Q2 sales has been discussed, although an upward revision of guidance may come as a surprise. Management announced
Q1 2024 results, raising their
2024 outlook and promising
solid organic growth and cost recovery. Furthermore, the
stock price target was increased by
Wells Fargo and
Piper Sandler. Patricia Corsi has been installed as the
Chief Growth Officer, and the company has outlined a strategic transformation plan to unlock value growth opportunities and establish an operating model & long-term targets. Despite some losses, the stock outperformed competitors. Still, some recommend steering clear. Meanwhile, KMB is recognised by Ethisphere as one of 2024 world's most ethical companies.
Kimberly-Clark Corp KMB News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Sun, 14 Jul 2024 17:12:39 GMT -
Rating 0
- Innovation 2
- Information 7
- Rumor -3
