Should You Buy Kimberly Clark Corp (KMB)?

As aggregate interest increased, key money managers have jumped into Kimberly Clark Corp (NYSE:KMB) headfirst. Kingdon Capital, managed by Mark Kingdon, established the largest position in Kimberly Clark Corp (NYSE:KMB). Kingdon Capital had $10.5 million invested in the company at the end of the quarter. Dmitry Balyasny’s Balyasny Asset Management also made a $10.2 million investment in the stock during the quarter. The other funds with brand new Kimberly Clark Corp (NYSE:KMB) positions are Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners, Alec Litowitz and Ross Laser’s Magnetar Capital, and Soros Fund Management.

Let’s now take a look at hedge fund activity in other stocks similar to Kimberly Clark Corp (NYSE:KMB). These stocks are Caterpillar Inc. (NYSE:CAT), Capital One Financial Corp. (NYSE:COF), China Telecom Corporation Limited (ADR) (NYSE:CHA), and ABB Ltd (ADR) (NYSE:ABB). All of these stocks’ market caps match Kimberly Clark Corp (NYSE:KMB)’s market cap.

As you can see, these stocks had an average of 27 hedge funds with bullish positions and the average amount invested in these stocks was $718 million. That figure was $1.19 billion in Kimberly Clark Corp (NYSE:KMB)’s case. Capital One Financial Corp. (NYSE:COF) is the most popular stock in this table. On the other hand, China Telecom Corporation Limited (ADR) (NYSE:CHA) is the least popular one with only 4 bullish hedge fund positions. Kimberly Clark Corp (NYSE:KMB) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal, but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard, Capital One Financial Corp. (NYSE:COF) might be a better candidate to consider a long position.