Levin Capital Strategies L.P. Purchases 36,543 Shares of Kimberly-Clark Corporation $KMB

Levin Capital Strategies L.P. increased its position in shares of Kimberly-Clark Corporation (NASDAQ:KMB) by 176.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,248 shares of the company’s stock after acquiring an additional 36,543 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Kimberly-Clark were worth $5,776,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB lifted its stake in Kimberly-Clark by 2.5% in the third quarter. Nordea Investment Management AB now owns 2,439,692 shares of the company’s stock valued at $301,448,000 after buying an additional 58,978 shares in the last quarter. Synergy Asset Management LLC boosted its holdings in shares of Kimberly-Clark by 100.0% in the third quarter. Synergy Asset Management LLC now owns 38,260 shares of the company’s stock valued at $4,932,000 after buying an additional 19,130 shares during the period. Citigroup Inc. boosted its holdings in shares of Kimberly-Clark by 3.7% in the third quarter. Citigroup Inc. now owns 399,630 shares of the company’s stock valued at $49,690,000 after buying an additional 14,386 shares during the period. Jain Global LLC acquired a new position in shares of Kimberly-Clark in the third quarter valued at approximately $11,973,000. Finally, AE Wealth Management LLC boosted its holdings in shares of Kimberly-Clark by 7.0% in the third quarter. AE Wealth Management LLC now owns 160,531 shares of the company’s stock valued at $19,960,000 after buying an additional 10,528 shares during the period. Institutional investors own 76.29% of the company’s stock.

Kimberly-Clark Stock Performance

Shares of KMB opened at $96.10 on Thursday. Kimberly-Clark Corporation has a 12 month low of $92.42 and a 12 month high of $144.30. The firm has a fifty day simple moving average of $100.49 and a 200 day simple moving average of $103.72. The stock has a market capitalization of $31.90 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 3.80 and a beta of 0.28. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 3.97.

Kimberly-Clark (NASDAQ:KMB) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.05. Kimberly-Clark had a net margin of 11.73% and a return on equity of 170.48%. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the firm posted $1.93 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts forecast that Kimberly-Clark Corporation will post 7.47 EPS for the current fiscal year.

Insider Transactions at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Scribner sold 3,049 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $104.29, for a total transaction of $317,980.21. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KMB shares. UBS Group upped their price target on shares of Kimberly-Clark from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Wednesday. Citigroup reduced their price target on shares of Kimberly-Clark from $95.00 to $90.00 and set a “sell” rating for the company in a report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Kimberly-Clark in a report on Friday, March 27th. Wells Fargo & Company reduced their price target on shares of Kimberly-Clark from $110.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Finally, Bank of America reduced their price target on shares of Kimberly-Clark from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 10th. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and an average price target of $114.93.

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.