Intersect Capital buys $3,289,904 stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Intersect Capital scooped up 1,302 additional shares in Kimberly Clark Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 25,515 shares of Kimberly Clark Corp which is valued at $3,289,904.Kimberly Clark Corp makes up approximately 1.93% of Intersect Capital’s portfolio.

Other Hedge Funds, Including , Fukoku Mutual Life Insurance Co reduced its stake in KMB by selling 800 shares or 2.77% in the most recent quarter. The Hedge Fund company now holds 28,100 shares of KMB which is valued at $3,640,636. Kimberly Clark Corp makes up approx 0.70% of Fukoku Mutual Life Insurance Co’s portfolio.Dana Investment Advisors boosted its stake in KMB in the latest quarter, The investment management firm added 132 additional shares and now holds a total of 255,348 shares of Kimberly Clark Corp which is valued at $33,042,031. Kimberly Clark Corp makes up approx 1.42% of Dana Investment Advisors’s portfolio.Savant Capital boosted its stake in KMB in the latest quarter, The investment management firm added 636 additional shares and now holds a total of 4,977 shares of Kimberly Clark Corp which is valued at $644,770. Kimberly Clark Corp makes up approx 0.18% of Savant Capital’s portfolio. Syntal Capital Partners sold out all of its stake in KMB during the most recent quarter. The investment firm sold 1,846 shares of KMB which is valued $239,149.

Kimberly Clark Corp opened for trading at $127.7 and hit $127.97 on the upside on Wednesday, eventually ending the session at $127.55, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 21,58,517 shares. Company has a market cap of $45,872 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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