Needelman Asset Management Inc Lowers stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Needelman Asset Management Inc reduced its stake in Kimberly Clark Corp by 0.13% during the most recent quarter end. The investment management company now holds a total of 7,713 shares of Kimberly Clark Corp which is valued at $938,132 after selling 10 shares in Kimberly Clark Corp , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Kimberly Clark Corp makes up approximately 2.89% of Needelman Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in KMB in the latest quarter, The investment management firm added 4,386 additional shares and now holds a total of 146,556 shares of Kimberly Clark Corp which is valued at $17,790,433. Kimberly Clark Corp makes up approx 0.23% of Nisa Investment Advisors’s portfolio. Hollencrest Securities sold out all of its stake in KMB during the most recent quarter. The investment firm sold 3,316 shares of KMB which is valued $402,529.

Kimberly Clark Corp closed down -0.77 points or -0.63% at $121.39 with 17,53,015 shares getting traded on Tuesday. Post opening the session at $121.97, the shares hit an intraday low of $120.87 and an intraday high of $122.16 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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