Sterling Capital Management LLC acquired a new stake in Kimberly Clark Corp (NYSE:KMB) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,038 shares of the company’s stock, valued at approximately $1,027,000.
Other large investors have also recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new stake in Kimberly Clark in the 2nd quarter valued at about $40,577,000. PVG Asset Management Corp increased its stake in Kimberly Clark by 159.8% in the 2nd quarter. PVG Asset Management Corp now owns 10,783 shares of the company’s stock valued at $1,135,000 after buying an additional 6,633 shares during the last quarter. MAI Capital Management increased its stake in Kimberly Clark by 22.7% in the 2nd quarter. MAI Capital Management now owns 3,206 shares of the company’s stock valued at $338,000 after buying an additional 593 shares during the last quarter. Cleararc Capital Inc. increased its stake in Kimberly Clark by 254.1% in the 2nd quarter. Cleararc Capital Inc. now owns 31,751 shares of the company’s stock valued at $3,345,000 after buying an additional 22,784 shares during the last quarter. Finally, Centaurus Financial Inc. increased its stake in Kimberly Clark by 87.7% in the 2nd quarter. Centaurus Financial Inc. now owns 3,854 shares of the company’s stock valued at $406,000 after buying an additional 1,801 shares during the last quarter. Hedge funds and other institutional investors own 74.43% of the company’s stock.
KMB has been the subject of several analyst reports. Bank of America increased their price objective on shares of Kimberly Clark from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, September 6th. ValuEngine upgraded shares of Kimberly Clark from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 18th. Atlantic Securities began coverage on shares of Kimberly Clark in a research note on Thursday, September 20th. They set an “underweight” rating and a $114.00 price target for the company. Morgan Stanley raised their price target on shares of Kimberly Clark from $94.00 to $102.00 and gave the stock a “sell” rating in a research note on Friday, August 31st. Finally, Zacks Investment Research upgraded shares of Kimberly Clark from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Five investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $105.64.
In related news, insider Anthony J. Palmer sold 6,445 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $117.34, for a total value of $756,256.30. Following the completion of the transaction, the insider now directly owns 6,122 shares of the company’s stock, valued at approximately $718,355.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.64% of the stock is currently owned by company insiders.
Shares of KMB stock opened at $109.45 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 51.24. Kimberly Clark Corp has a 12-month low of $97.10 and a 12-month high of $123.77. The company has a market cap of $37.22 billion, a PE ratio of 17.57, a P/E/G ratio of 2.61 and a beta of 0.67.
Kimberly Clark (NYSE:KMB) last issued its quarterly earnings results on Monday, October 22nd. The company reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.07. The company had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.52 billion. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. Kimberly Clark’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.60 EPS. Equities analysts forecast that Kimberly Clark Corp will post 6.69 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Sterling Capital Management LLC Invests $1.03 Million in Kimberly Clark Corp (KMB) Stock” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/11/10/sterling-capital-management-llc-invests-1-03-million-in-kimberly-clark-corp-kmb-stock.html.
About Kimberly Clark
Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care, consumer tissue, and professional products worldwide. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Kotex, U by Kotex, Intimus, Depend, Plenitud, Poise, and other brand names.
Receive News & Ratings for Kimberly Clark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimberly Clark and related companies with MarketBeat.com's FREE daily email newsletter.