Sterling Capital Management LLC Invests $1.03 Million in Kimberly Clark Corp (KMB) Stock

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.

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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.

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Institutional Ownership by Quarter for Kimberly Clark (NYSE:KMB)

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