Sterling Investment Management LLC Makes New Investment in Kimberly-Clark Corporation $KMB

Sterling Investment Management LLC purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,424 shares of the company’s stock, valued at approximately $1,758,000. Kimberly-Clark makes up about 1.0% of Sterling Investment Management LLC’s investment portfolio, making the stock its 28th biggest holding.

A number of other hedge funds have also made changes to their positions in KMB. Cloud Capital Management LLC purchased a new stake in shares of Kimberly-Clark in the third quarter worth approximately $25,000. True Wealth Design LLC lifted its position in shares of Kimberly-Clark by 177.6% in the third quarter. True Wealth Design LLC now owns 211 shares of the company’s stock worth $26,000 after purchasing an additional 135 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the second quarter worth approximately $27,000. Eagle Bay Advisors LLC purchased a new stake in shares of Kimberly-Clark in the fourth quarter worth approximately $28,000. Finally, Newbridge Financial Services Group Inc. lifted its position in shares of Kimberly-Clark by 96.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company’s stock worth $29,000 after purchasing an additional 140 shares in the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on KMB. Zacks Research lowered shares of Kimberly-Clark from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company cut their price objective on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Bank of America cut their price objective on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Piper Sandler cut their price objective on shares of Kimberly-Clark from $133.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Finally, UBS Group raised their price objective on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $114.93.

Kimberly-Clark Trading Down 2.1%

Shares of KMB stock opened at $95.65 on Tuesday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $144.30. The company has a quick ratio of 0.55, a current ratio of 0.77 and a debt-to-equity ratio of 3.38. The business’s 50 day moving average is $100.29 and its two-hundred day moving average is $103.46. The company has a market cap of $31.75 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 4.68 and a beta of 0.29.

Kimberly-Clark (NASDAQ:KMB) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.93 by $0.04. Kimberly-Clark had a return on equity of 152.79% and a net margin of 12.80%.The company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the company posted $1.93 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts predict that Kimberly-Clark Corporation will post 7.46 EPS for the current year.

Insider Activity at Kimberly-Clark

In other news, insider Katy Chen sold 1,596 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $95.34, for a total value of $152,162.64. Following the sale, the insider owned 8,362 shares in the company, valued at approximately $797,233.08. This trade represents a 16.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Andrew Scribner sold 3,049 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $104.29, for a total transaction of $317,980.21. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 6,050 shares of company stock worth $606,358. Corporate insiders own 0.75% of the company’s stock.

About Kimberly-Clark

Kimberly-Clark Corporation is a U.S.-based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers.

Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company.