Summit Financial Wealth Advisors Lowers stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Summit Financial Wealth Advisors reduced its stake in Kimberly Clark Corp by 8.32% during the most recent quarter end. The investment management company now holds a total of 19,708 shares of Kimberly Clark Corp which is valued at $2,679,500 after selling 1,788 shares in Kimberly Clark Corp , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Kimberly Clark Corp makes up approximately 1.11% of Summit Financial Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Kistler-tiffany Companies boosted its stake in KMB in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 3,018 shares of Kimberly Clark Corp which is valued at $410,327. Kimberly Clark Corp makes up approx 0.21% of Kistler-tiffany Companies’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in KMB by selling 1,870 shares or 22.64% in the most recent quarter. The Hedge Fund company now holds 6,389 shares of KMB which is valued at $881,299. Kimberly Clark Corp makes up approx 0.17% of First Financial Bank N.a. – Trust Division’s portfolio.New England Research Management reduced its stake in KMB by selling 100 shares or 0.4% in the most recent quarter. The Hedge Fund company now holds 24,738 shares of KMB which is valued at $3,412,360. Kimberly Clark Corp makes up approx 2.97% of New England Research Management’s portfolio.Cullinan Associates Inc reduced its stake in KMB by selling 500 shares or 14.14% in the most recent quarter. The Hedge Fund company now holds 3,036 shares of KMB which is valued at $415,932. Kimberly Clark Corp makes up approx 0.03% of Cullinan Associates Inc’s portfolio.Toth Financial Advisory Corp boosted its stake in KMB in the latest quarter, The investment management firm added 945 additional shares and now holds a total of 28,782 shares of Kimberly Clark Corp which is valued at $3,943,134. Kimberly Clark Corp makes up approx 1.20% of Toth Financial Advisory Corp’s portfolio.

Kimberly Clark Corp opened for trading at $135.8 and hit $136.35 on the upside on Monday, eventually ending the session at $136.14, with a gain of 0.13% or 0.18 points. The heightened volatility saw the trading volume jump to 10,02,638 shares. Company has a market cap of $49,028 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.

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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