Sterling Investment Management LLC Invests $1.76 Million in Kimberly-Clark Corporation $KMB

Key Points

• Sterling Investment Management LLC purchased a new position in Kimberly‑Clark, acquiring 17,424 shares worth about $1.76 million, roughly 1.0% of its portfolio and its 28th largest holding.
• Insiders have sold 6,050 shares over the past 90 days — including Katy Chen's 1,596‑share sale at an average $95.34 to cover tax withholding and VP Andrew Scribner's 3,049‑share sale — leaving insiders with about 0.75% ownership.
• Kimberly‑Clark beat Q1 estimates with EPS of $1.97 and revenue of $4.16 billion (up 2.7% YoY), while analysts' consensus rating is "Hold" with a $114.93 average price target.

Sterling Investment Management LLC purchased a new position in shares of Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) in the 4th quarter, according to the company in its most recent 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 comprises about 1.0% of Sterling Investment Management LLC's portfolio, making the stock its 28th largest position.

Several other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC bought a new position in Kimberly-Clark in the 3rd quarter valued at about $25,000. Darwin Wealth Management LLC bought a new position in Kimberly-Clark in the 2nd quarter valued at about $27,000. True Wealth Design LLC grew its position in Kimberly-Clark by 177.6% in the 3rd quarter. True Wealth Design LLC now owns 211 shares of the company's stock valued at $26,000 after buying an additional 135 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in Kimberly-Clark in the 4th quarter valued at about $28,000. Finally, Newbridge Financial Services Group Inc. grew its position in Kimberly-Clark by 96.6% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 285 shares of the company's stock valued at $29,000 after buying an additional 140 shares in the last quarter. Institutional investors own 76.29% of the company's stock.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, insider Katy Chen sold 1,596 shares of the company's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $95.34, for a total transaction of $152,162.64. Following the completion of the sale, the insider directly owned 8,362 shares of the company's stock, valued at approximately $797,233.08. This represents a 16.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 company's stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,050 shares of company stock valued at $606,358 over the last ninety days. Insiders own 0.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KMB shares. UBS Group increased their target price 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. Citigroup decreased their target price on shares of Kimberly-Clark from $95.00 to $90.00 and set a "sell" rating for the company in a research report on Wednesday, January 14th. TD Cowen decreased their target price on shares of Kimberly-Clark from $112.00 to $105.00 and set a "hold" rating for the company in a research report on Thursday, January 8th. Barclays decreased their target price on shares of Kimberly-Clark from $105.00 to $99.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 14th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Kimberly-Clark in a report on Friday, March 27th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $114.93.

Kimberly-Clark Price Performance

Shares of NASDAQ KMB opened at $95.65 on Tuesday. Kimberly-Clark Corporation has a twelve month low of $92.42 and a twelve month high of $144.30. The company has a current ratio of 0.77, a quick ratio of 0.55 and a debt-to-equity ratio of 3.38. The company has a market capitalization of $31.75 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 4.68 and a beta of 0.29. The firm has a 50-day moving average of $100.29 and a two-hundred day moving average of $103.46.

Kimberly-Clark (NASDAQ:KMB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $0.04. Kimberly-Clark had a net margin of 12.80% and a return on equity of 152.79%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the prior year, the company earned $1.93 EPS. Kimberly-Clark's revenue was up 2.7% on a year-over-year basis. As a group, analysts expect that Kimberly-Clark Corporation will post 7.46 earnings per share for the current fiscal year.

Kimberly-Clark Company Profile

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.

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