Miller Investment Management Lp Lowers stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Miller Investment Management Lp reduced its stake in Kimberly Clark Corp by 8.02% during the most recent quarter end. The investment management company now holds a total of 14,631 shares of Kimberly Clark Corp which is valued at $1.9 Million after selling 1,275 shares in Kimberly Clark Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.Kimberly Clark Corp makes up approximately 0.83% of Miller Investment Management Lp’s portfolio.

Other Hedge Funds, Including , Cetera Advisors boosted its stake in KMB in the latest quarter, The investment management firm added 422 additional shares and now holds a total of 17,948 shares of Kimberly Clark Corp which is valued at $2.3 Million. Kimberly Clark Corp makes up approx 0.19% of Cetera Advisors’s portfolio.Stearns Financial Services Group reduced its stake in KMB by selling 94 shares or 1.88% in the most recent quarter. The Hedge Fund company now holds 4,909 shares of KMB which is valued at $634,194. Kimberly Clark Corp makes up approx 0.19% of Stearns Financial Services Group’s portfolio.Whitnell boosted its stake in KMB in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 9,329 shares of Kimberly Clark Corp which is valued at $1.2 Million. Kimberly Clark Corp makes up approx 0.42% of Whitnell’s portfolio.

Kimberly Clark Corp opened for trading at $127.36 and hit $127.91 on the upside on Wednesday, eventually ending the session at $127.21, with a gain of 0.36% or 0.45 points. The heightened volatility saw the trading volume jump to 25,27,272 shares. Company has a market cap of $45,812 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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