Meyer Handelman Co Lowers stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Meyer Handelman Co reduced its stake in Kimberly Clark Corp by 2.7% during the most recent quarter end. The investment management company now holds a total of 567,091 shares of Kimberly Clark Corp which is valued at $72.8 Million after selling 15,757 shares in Kimberly Clark Corp , the firm said in a disclosure report filed with the SEC on May 25, 2016.Kimberly Clark Corp makes up approximately 3.29% of Meyer Handelman Co’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in KMB in the latest quarter, The investment management firm added 38,660 additional shares and now holds a total of 1,810,646 shares of Kimberly Clark Corp which is valued at $228.3 Million. Kimberly Clark Corp makes up approx 0.25% of Legal General Group Plc’s portfolio.Canada Pension Plan Investment Board boosted its stake in KMB in the latest quarter, The investment management firm added 359,657 additional shares and now holds a total of 601,337 shares of Kimberly Clark Corp which is valued at $77.7 Million. Kimberly Clark Corp makes up approx 0.33% of Canada Pension Plan Investment Board’s portfolio.First Interstate Bank reduced its stake in KMB by selling 220 shares or 10.05% in the most recent quarter. The Hedge Fund company now holds 1,968 shares of KMB which is valued at $254,246. Kimberly Clark Corp makes up approx 0.05% of First Interstate Bank’s portfolio.Haverford Trust Co boosted its stake in KMB in the latest quarter, The investment management firm added 7,050 additional shares and now holds a total of 230,607 shares of Kimberly Clark Corp which is valued at $29.8 Million. Kimberly Clark Corp makes up approx 0.78% of Haverford Trust Co’s portfolio.

Kimberly Clark Corp opened for trading at $126.88 and hit $128.05 on the upside on Wednesday, eventually ending the session at $127.98, with a gain of 0.74% or 0.94 points. The heightened volatility saw the trading volume jump to 13,33,332 shares. Company has a market cap of $46,089 M.

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.

Investors should note that on May 4, 2016, Kimberly Clark Corp announced a cash dividend of $0.9200. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jul 5, 2016.

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.

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