Spinnaker Trust Lowers stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Spinnaker Trust reduced its stake in Kimberly Clark Corp by 2.25% during the most recent quarter end. The investment management company now holds a total of 8,945 shares of Kimberly Clark Corp which is valued at $1,152,921 after selling 206 shares in Kimberly Clark Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Kimberly Clark Corp makes up approximately 0.16% of Spinnaker Trust’s portfolio.

Other Hedge Funds, Including , Tradition Capital Management reduced its stake in KMB by selling 1,643 shares or 12.27% in the most recent quarter. The Hedge Fund company now holds 11,751 shares of KMB which is valued at $1,514,586. Kimberly Clark Corp makes up approx 0.49% of Tradition Capital Management’s portfolio.Smith Salley Associates reduced its stake in KMB by selling 4,663 shares or 24.53% in the most recent quarter. The Hedge Fund company now holds 14,345 shares of KMB which is valued at $1,858,395. Kimberly Clark Corp makes up approx 0.42% of Smith Salley Associates’s portfolio.Howard Capital Management boosted its stake in KMB in the latest quarter, The investment management firm added 813 additional shares and now holds a total of 87,260 shares of Kimberly Clark Corp which is valued at $11,664,917. Kimberly Clark Corp makes up approx 2.15% of Howard Capital Management’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.

Kimberly Clark Corp opened for trading at $129.3 and hit $130.35 on the upside on Thursday, eventually ending the session at $130.13, with a gain of 0.96% or 1.24 points. The heightened volatility saw the trading volume jump to 12,91,711 shares. Company has a market cap of $46,799 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.

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.

Leave a Reply

Kimberly Clark Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Kimberly Clark Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.