Kimberly-Clark Corp. (NYSE:KMB) shows robust performance, outperforming competitors and reaching a 12-month high at $145.62. The company witnessed significant institutional interest, with 79% stake held by institutional investors. Yet, some entities like Intech Investment Management and Oppenheimer Asset Management reduced their stake in KMB. However, Tocqueville Asset Management and Atomi Financial Group notably increased their holdings. The company announced impressive Q1-2024 results, raising its outlook for 2024. Patricia Corsi and Craig Slavtcheff joined the executive team as Chief Growth Officer and Chief Research and Development Officer, respectively. President, Latin America Gonzalo Uribe and Chief Business & Transformation Officer, Jeffrey Melucci, sold their shares. Barclays lowered KMB's price target to $135.00 amid these developments. KMB reported solid organic growth and cost recovery in its 2023 earnings and unveiled a new operating model with long-term targets, suggesting a strategic transformation to unlock growth opportunities. Interestingly, RBC maintains a positive outlook on the stock due to this new strategy.
Experts depict KMB as a strong momentum stock despite earnings estimates. Yet, weaker-than-expected Q4 earnings weighed on the stock, while its dividend analysis shows a lucrative dividend growth play despite the high premium shares command. The company's latest earnings call emphasized expected growth and upcoming dividends despite initial deceleration in Q2.
Kimberly-Clark Corp KMB News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Sun, 21 Jul 2024 18:41:03 GMT -
Rating 2
- Innovation -6
- Information 5
- Rumor -4
