Sterling Capital Management LLC Purchases New Holdings in Kimberly Clark Corp (KMB)

Sterling Capital Management LLC purchased a new stake in Kimberly Clark Corp (NYSE:KMB) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 9,038 shares of the company’s stock, valued at approximately $1,027,000.

Other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new position in Kimberly Clark in the 2nd quarter valued at $40,577,000. PVG Asset Management Corp boosted its holdings 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 purchasing an additional 6,633 shares during the period. MAI Capital Management boosted its holdings 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 purchasing an additional 593 shares during the period. Cleararc Capital Inc. boosted its holdings 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 purchasing an additional 22,784 shares during the period. Finally, Centaurus Financial Inc. boosted its holdings 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 purchasing an additional 1,801 shares during the period. 74.43% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on KMB. Deutsche Bank raised their price target on shares of Kimberly Clark from $103.00 to $108.00 and gave the company a “hold” rating in a report on Thursday, August 16th. ValuEngine raised shares of Kimberly Clark from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. JPMorgan Chase & Co. raised shares of Kimberly Clark from an “underweight” rating to a “neutral” rating and dropped their price objective for the stock from $90.00 to $86.00 in a report on Thursday, August 16th. Atlantic Securities initiated coverage on shares of Kimberly Clark in a report on Thursday, September 20th. They set an “underweight” rating and a $114.00 price objective for the company. Finally, Bank of America lifted their price objective on shares of Kimberly Clark from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, September 6th. Five equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $105.64.

In related news, insider Anthony J. Palmer sold 6,445 shares of Kimberly Clark stock in a transaction 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 transaction, the insider now owns 6,122 shares in the company, valued at approximately $718,355.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.64% of the stock is owned by company insiders.

NYSE KMB opened at $109.45 on Friday. Kimberly Clark Corp has a 52-week low of $97.10 and a 52-week high of $123.77. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 51.24. The firm 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 posted its quarterly earnings data on Monday, October 22nd. The company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.07. The company had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.52 billion. Kimberly Clark had a net margin of 8.74% and a return on equity of 535.49%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.60 EPS. On average, equities analysts expect that Kimberly Clark Corp will post 6.69 EPS for the current 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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Want to see what other hedge funds are holding KMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimberly Clark Corp (NYSE:KMB).

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

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