Eastern Bank Lowers stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Eastern Bank reduced its stake in Kimberly Clark Corp by 0.6% during the most recent quarter end. The investment management company now holds a total of 111,143 shares of Kimberly Clark Corp which is valued at $13,392,732 after selling 676 shares in Kimberly Clark Corp , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Kimberly Clark Corp makes up approximately 1.09% of Eastern Bank’s portfolio.

Other Hedge Funds, Including , Sonora Investment Management boosted its stake in KMB in the latest quarter, The investment management firm added 720 additional shares and now holds a total of 14,280 shares of Kimberly Clark Corp which is valued at $1,720,740. Kimberly Clark Corp makes up approx 0.90% of Sonora Investment Management’s portfolio.Murphy Pohlad Asset Management reduced its stake in KMB by selling 500 shares or 4.09% in the most recent quarter. The Hedge Fund company now holds 11,711 shares of KMB which is valued at $1,424,409. Kimberly Clark Corp makes up approx 1.08% of Murphy Pohlad Asset Management’s portfolio.Community Bank N.a. boosted its stake in KMB in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 4,615 shares of Kimberly Clark Corp which is valued at $561,322. Kimberly Clark Corp makes up approx 0.13% of Community Bank N.a.’s portfolio.North Star Investment Management Corp. reduced its stake in KMB by selling 296 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 28,935 shares of KMB which is valued at $3,512,420. Kimberly Clark Corp makes up approx 0.63% of North Star Investment Management Corp.’s portfolio.Atria Investments boosted its stake in KMB in the latest quarter, The investment management firm added 2,949 additional shares and now holds a total of 14,328 shares of Kimberly Clark Corp which is valued at $1,739,276. Kimberly Clark Corp makes up approx 0.16% of Atria Investments’s portfolio.

Kimberly Clark Corp closed down -1.13 points or -0.93% at $120.5 with 18,94,775 shares getting traded on Friday. Post opening the session at $121.82, the shares hit an intraday low of $120.49 and an intraday high of $121.99 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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