GAMMA Investing LLC Buys Shares of 5,523 Kimberly-Clark Co. (NYSE:KMB)

GAMMA Investing LLC bought a new position in Kimberly-Clark Co. (NYSE:KMB) in the fourth quarter, Holdings Channel.com reports. The firm bought 5,523 shares of the company’s stock, valued at approximately $668,000.

A number of other hedge funds also recently made changes to their positions in KMB. Sequoia Financial Advisors LLC boosted its position in Kimberly-Clark by 204.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 20,575 shares of the company’s stock valued at $2,500,000 after buying an additional 13,806 shares in the last quarter. PFG Investments LLC raised its position in Kimberly-Clark by 11.2% in the third quarter. PFG Investments LLC now owns 2,082 shares of the company’s stock valued at $252,000 after purchasing an additional 209 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of Kimberly-Clark during the fourth quarter valued at about $4,253,000. Rockline Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the fourth quarter valued at about $1,661,000. Finally, Nordea Investment Management AB raised its holdings in shares of Kimberly-Clark by 28.3% during the fourth quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock valued at $202,740,000 after purchasing an additional 368,505 shares during the period. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KMB. The Goldman Sachs Group upped their price objective on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday. Barclays upped their target price on shares of Kimberly-Clark from $124.00 to $132.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Royal Bank of Canada upped their target price on shares of Kimberly-Clark from $123.00 to $126.00 and gave the stock a “sector perform” rating in a report on Wednesday. Evercore ISI upgraded shares of Kimberly-Clark from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $133.00 to $150.00 in a report on Thursday, March 28th. Finally, HSBC increased their price objective on shares of Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $134.21.

Insider Activity

In other news, insider Tristram Wilkinson sold 3,720 shares of Kimberly-Clark stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the sale, the insider now owns 17,229 shares of the company’s stock, valued at approximately $2,084,709. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Kimberly-Clark news, insider Tristram Wilkinson sold 3,720 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $121.00, for a total transaction of $450,120.00. Following the completion of the sale, the insider now directly owns 17,229 shares of the company’s stock, valued at $2,084,709. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark T. Smucker bought 827 shares of Kimberly-Clark stock in a transaction on Monday, January 29th. The shares were acquired at an average cost of $120.98 per share, with a total value of $100,050.46. Following the completion of the acquisition, the director now owns 827 shares of the company’s stock, valued at approximately $100,050.46. The disclosure for this purchase can be found here. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Trading Up 1.1 %

Kimberly-Clark stock traded up $1.45 during trading hours on Wednesday, reaching $137.49. The stock had a trading volume of 1,548,920 shares, compared to its average volume of 2,196,642. The stock has a market cap of $46.32 billion, a PE ratio of 26.42, a PEG ratio of 3.83 and a beta of 0.40. Kimberly-Clark Co. has a 52 week low of $116.32 and a 52 week high of $147.87. The company has a debt-to-equity ratio of 6.94, a current ratio of 0.82 and a quick ratio of 0.54. The company has a fifty day simple moving average of $124.78 and a 200-day simple moving average of $122.55.

Kimberly-Clark (NYSE:KMB) last announced its earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.40. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a net margin of 8.63% and a return on equity of 260.47%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.67 EPS. Analysts forecast that Kimberly-Clark Co. will post 6.84 EPS for the current fiscal year.

About Kimberly-Clark

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.