Cornerstone Capital Lowers stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Cornerstone Capital reduced its stake in Kimberly Clark Corp by 0.55% during the most recent quarter end. The investment management company now holds a total of 136,482 shares of Kimberly Clark Corp which is valued at $17,581,611 after selling 760 shares in Kimberly Clark Corp , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Kimberly Clark Corp makes up approximately 3.74% of Cornerstone Capital’s portfolio.

Other Hedge Funds, Including , Institutional Family Asset Management boosted its stake in KMB in the latest quarter, The investment management firm added 2,372 additional shares and now holds a total of 24,286 shares of Kimberly Clark Corp which is valued at $3,142,608. Kimberly Clark Corp makes up approx 1.07% of Institutional Family Asset Management’s portfolio.First Trust Advisors Lp reduced its stake in KMB by selling 291,540 shares or 37.08% in the most recent quarter. The Hedge Fund company now holds 494,642 shares of KMB which is valued at $64,006,675. Kimberly Clark Corp makes up approx 0.19% of First Trust Advisors Lp’s portfolio.

Kimberly Clark Corp closed down -0.67 points or -0.53% at $126.78 with 17,85,379 shares getting traded on Friday. Post opening the session at $126.97, the shares hit an intraday low of $126.33 and an intraday high of $127.3874 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.

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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