Kimberly-Clark Corporation (KMB) has had a bullish year, marked by significant momentum - driven by a strong balance sheet, robust results and upward revision of its 2024 outlook. The company's stock is up 20% year-to-date and it continues to outpace its Consumer Staples peers in performance. Quarterly dividends have been announced, enhancing the company's appeal for wealth managers. Amid this promising performance, Craig Slavtcheff is named as Chief Research and Development Officer. Strategically, the firm's SWOT Insight reveals a positive future. Despite recent share sell-offs by insiders such as President of Latin America Gonzalo Uribe, Institutional investors still own 79% of the company. The corporation also received an average recommendation of 'Hold' from analysts. Recent earnings report shows stock beat estimates and had strong organic growth. However, softer sales figures somewhat overshadowed the profit beat. Prominently, KMB was listed as one of the World's Most Ethical Companies in 2024. Ongoing strategies to streamline operations, and broaden the growth opportunities by aiming for gross margins to reach 40% by 2030, provide reason for optimism in the future.
Kimberly-Clark Corp KMB News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Sat, 14 Sep 2024 09:00:00 GMT -
