Aviance Capital Management buys $20,137,977 stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Aviance Capital Management scooped up 34,640 additional shares in Kimberly Clark Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 154,314 shares of Kimberly Clark Corp which is valued at $20,137,977.Kimberly Clark Corp makes up approximately 0.60% of Aviance Capital Management’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc added KMB to its portfolio by purchasing 815,948 company shares during the most recent quarter which is valued at $106,481,214. Kimberly Clark Corp makes up approx 0.12% of American Century Companies Inc’s portfolio.Legacy Private Trust reduced its stake in KMB by selling 2,703 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 308,992 shares of KMB which is valued at $41,747,909. Kimberly Clark Corp makes up approx 5.95% of Legacy Private Trust’s portfolio.Nexus Investment Management reduced its stake in KMB by selling 200 shares or 3.6% in the most recent quarter. The Hedge Fund company now holds 5,350 shares of KMB which is valued at $727,386. Kimberly Clark Corp makes up approx 0.14% of Nexus Investment Management’s portfolio.

Kimberly Clark Corp closed down -0.6 points or -0.46% at $129.55 with 18,27,786 shares getting traded on Friday. Post opening the session at $130.25, the shares hit an intraday low of $129.55 and an intraday high of $131.055 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 $ 0.06 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.

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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