Crescent Sterling Ltd. Raises Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Crescent Sterling Ltd. increased its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,388 shares of the company’s stock after buying an additional 142 shares during the quarter. Crescent Sterling Ltd.’s holdings in Kimberly-Clark were worth $826,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in Kimberly-Clark in the third quarter valued at about $25,000. Rise Advisors LLC boosted its holdings in Kimberly-Clark by 926.3% in the first quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after purchasing an additional 176 shares during the last quarter. Cranbrook Wealth Management LLC lifted its holdings in Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Accordant Advisory Group Inc bought a new position in Kimberly-Clark during the 1st quarter worth approximately $27,000. Finally, Centerpoint Advisors LLC lifted its holdings in Kimberly-Clark by 175.0% during the 3rd quarter. Centerpoint Advisors LLC now owns 275 shares of the company’s stock worth $33,000 after buying an additional 175 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the sale, the insider now owns 795 shares of the company’s stock, valued at $109,050.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kimberly-Clark news, insider Paula Ramos sold 10,178 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total value of $1,396,116.26. Following the completion of the sale, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey P. Melucci sold 6,390 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $135.59, for a total transaction of $866,420.10. Following the transaction, the insider now directly owns 33,649 shares of the company’s stock, valued at $4,562,467.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,022 shares of company stock worth $2,323,935. Corporate insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Up 0.4 %

Shares of NYSE KMB traded up $0.60 during mid-day trading on Tuesday, hitting $136.53. The company had a trading volume of 2,873,717 shares, compared to its average volume of 2,238,398. The company has a market capitalization of $45.97 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 3.85 and a beta of 0.40. The firm has a 50-day simple moving average of $126.56 and a two-hundred day simple moving average of $123.14. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05. Kimberly-Clark Co. has a one year low of $116.32 and a one year high of $147.02.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. Kimberly-Clark’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 EPS. On average, equities analysts expect that Kimberly-Clark Co. will post 7 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KMB shares. Deutsche Bank Aktiengesellschaft lifted their price target on Kimberly-Clark from $127.00 to $132.00 and gave the company a “hold” rating in a research report on Thursday, March 28th. Wells Fargo & Company lifted their price objective on Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. UBS Group raised their target price on Kimberly-Clark from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Royal Bank of Canada lifted their price objective on Kimberly-Clark from $123.00 to $126.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 24th. Finally, Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and upped their price target for the company from $133.00 to $150.00 in a report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $134.85.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.