Alta Capital Management Lowers stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Alta Capital Management reduced its stake in Kimberly Clark Corp by 2.11% during the most recent quarter end. The investment management company now holds a total of 12,875 shares of Kimberly Clark Corp which is valued at $1,633,580 after selling 277 shares in Kimberly Clark Corp , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Kimberly Clark Corp makes up approximately 0.10% of Alta Capital Management’s portfolio.

Kimberly Clark Corp opened for trading at $124.28 and hit $126.12 on the upside on Wednesday, eventually ending the session at $125.7, with a gain of 1.53% or 1.89 points. The heightened volatility saw the trading volume jump to 33,12,262 shares. Company has a market cap of $45,268 M.

Other Hedge Funds, Including , Hendley Co Inc boosted its stake in KMB in the latest quarter, The investment management firm added 27 additional shares and now holds a total of 22,332 shares of Kimberly Clark Corp which is valued at $2,833,484. Kimberly Clark Corp makes up approx 1.73% of Hendley Co Inc’s portfolio.High Point Bank Trust Co reduced its stake in KMB by selling 100 shares or 16.67% in the most recent quarter. The Hedge Fund company now holds 500 shares of KMB which is valued at $63,440. Kimberly Clark Corp makes up approx 0.02% of High Point Bank Trust Co’s portfolio. Quantres Asset Management Ltd added KMB to its portfolio by purchasing 2,700 company shares during the most recent quarter which is valued at $342,576. Kimberly Clark Corp makes up approx 0.32% of Quantres Asset Management Ltd’s portfolio.Burns J W Co Incny reduced its stake in KMB by selling 3 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 17,338 shares of KMB which is valued at $2,379,641. Kimberly Clark Corp makes up approx 0.76% of Burns J W Co Incny’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.

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