Athena Global Investors Lowers stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Athena Global Investors reduced its stake in Kimberly Clark Corp by 22.97% during the most recent quarter end. The investment management company now holds a total of 6,708 shares of Kimberly Clark Corp which is valued at $864,930 after selling 2,000 shares in Kimberly Clark Corp , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Kimberly Clark Corp makes up approximately 1.29% of Athena Global Investors’s portfolio.

Other Hedge Funds, Including , Allegis Investment Advisors reduced its stake in KMB by selling 103 shares or 3.5% in the most recent quarter. The Hedge Fund company now holds 2,840 shares of KMB which is valued at $366,190. Kimberly Clark Corp makes up approx 0.18% of Allegis Investment Advisors’s portfolio. Waratah Capital Advisors Ltd. added KMB to its portfolio by purchasing 6,860 company shares during the most recent quarter which is valued at $887,684. Kimberly Clark Corp makes up approx 0.17% of Waratah Capital Advisors Ltd.’s portfolio.Mcrae Capital Management Inc boosted its stake in KMB in the latest quarter, The investment management firm added 60 additional shares and now holds a total of 1,835 shares of Kimberly Clark Corp which is valued at $236,513. Kimberly Clark Corp makes up approx 0.11% of Mcrae Capital Management Inc’s portfolio.Hanson Doremus Investment Management boosted its stake in KMB in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 1,145 shares of Kimberly Clark Corp which is valued at $148,335. Kimberly Clark Corp makes up approx 0.06% of Hanson Doremus Investment Management’s portfolio.Meyer Handelman Co reduced its stake in KMB by selling 900 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 566,191 shares of KMB which is valued at $76,226,294. Kimberly Clark Corp makes up approx 3.32% of Meyer Handelman Co’s portfolio.

Kimberly Clark Corp opened for trading at $128.91 and hit $129.48 on the upside on Monday, eventually ending the session at $128.97, with a gain of 0.12% or 0.15 points. The heightened volatility saw the trading volume jump to 12,21,506 shares. Company has a market cap of $46,382 M.

On the company’s financial health, Kimberly Clark Corp reported $1.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $1.47. The company had revenue of $4588.00 million for the quarter, compared to analysts expectations of $4564.57 million. The company’s revenue was down -1.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.41 EPS.

Investors should note that on Aug 1, 2016, Kimberly Clark Corp announced a cash dividend of $0.9200. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Oct 4, 2016.

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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