Kimberly Clark Corp (KMB) : Keating Investment Counselors Inc scooped up 2,960 additional shares in Kimberly Clark Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 55,553 shares of Kimberly Clark Corp which is valued at $7,106,340.Kimberly Clark Corp makes up approximately 3.44% of Keating Investment Counselors Inc’s portfolio.
Kimberly Clark Corp opened for trading at $127.5 and hit $128.12 on the upside on Friday, eventually ending the session at $127.92, with a gain of 0.44% or 0.56 points. The heightened volatility saw the trading volume jump to 14,55,613 shares. Company has a market cap of $46,068 M.
Other Hedge Funds, Including , Burney Co reduced its stake in KMB by selling 535 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 19,783 shares of KMB which is valued at $2,530,641. Kimberly Clark Corp makes up approx 0.19% of Burney Co’s portfolio.Community Bank Trust Waco Texas reduced its stake in KMB by selling 1,385 shares or 5.25% in the most recent quarter. The Hedge Fund company now holds 24,985 shares of KMB which is valued at $3,127,872. Kimberly Clark Corp makes up approx 1.78% of Community Bank Trust Waco Texas’s portfolio.
On the company’s financial health, Kimberly Clark Corp reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $1.51. The company had revenue of $4476.00 million for the quarter, compared to analysts expectations of $4544.56 million. The company’s revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.42 EPS.
Many Wall Street Analysts have commented on Kimberly Clark Corp. Shares were Downgraded by Deutsche Bank on Apr 25, 2016 to ” Hold” and Lowered the Price Target to $ 130 from a previous price target of $145 .Shares were Reiterated by UBS on Apr 25, 2016 to “Neutral” and Lowered the Price Target to $ 134 from a previous price target of $143 .
Kimberly-Clark Corporation is engaged in the manufacturing and marketing of products made from natural or synthetic fibers. The Company’s operating segments are based on product groupings. The Company operates in three segments which include Personal Care which offers solutions and products such as disposable diapers training and youth pants swimpants baby wipes feminine and incontinence care products and other related products; Consumer Tissue offers products such as facial and bathroom tissue paper towels napkins and related products and K-C Professional (KCP) offers solutions and supporting products such as apparel wipers soaps sanitizers tissue and towels. The Company’s brands include Huggies Pull-Ups Little Swimmers GoodNites DryNites Kotex U by Kotex Intimus Depend Plenitud Poise Kleenex Scott Cottonelle Viva Andrex Scottex Neve WypAll Kimtech and Jackson Safety among others.