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

Kimberly Clark Corp (KMB) : Cullen Capital Management reduced its stake in Kimberly Clark Corp by 10.33% during the most recent quarter end. The investment management company now holds a total of 697,425 shares of Kimberly Clark Corp which is valued at $90.1 Million after selling 80,325 shares in Kimberly Clark Corp , the firm said in a disclosure report filed with the SEC on May 12, 2016.Kimberly Clark Corp makes up approximately 3.17% of Cullen Capital Management’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital reduced its stake in KMB by selling 3,440 shares or 2.45% in the most recent quarter. The Hedge Fund company now holds 137,242 shares of KMB which is valued at $17.7 Million. Kimberly Clark Corp makes up approx 3.93% of Cornerstone Capital’s portfolio.Atlantic Trust Group reduced its stake in KMB by selling 1,922 shares or 3.87% in the most recent quarter. The Hedge Fund company now holds 47,797 shares of KMB which is valued at $6.2 Million. Kimberly Clark Corp makes up approx 0.05% of Atlantic Trust Group’s portfolio.Cobblestone Capital Advisors Ny reduced its stake in KMB by selling 58 shares or 1.07% in the most recent quarter. The Hedge Fund company now holds 5,368 shares of KMB which is valued at $686,675. Kimberly Clark Corp makes up approx 0.10% of Cobblestone Capital Advisors Ny’s portfolio. Barton Investment Management sold out all of its stake in KMB during the most recent quarter. The investment firm sold 780 shares of KMB which is valued $97,648.

Kimberly Clark Corp closed down -0.74 points or -0.58% at $126.06 with 18,43,014 shares getting traded on Friday. Post opening the session at $127.12, the shares hit an intraday low of $125.73 and an intraday high of $127.41 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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