Mckinley Carter Wealth Services Lowers stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Mckinley Carter Wealth Services reduced its stake in Kimberly Clark Corp by 34.07% during the most recent quarter end. The investment management company now holds a total of 5,775 shares of Kimberly Clark Corp which is valued at $744,340 after selling 2,984 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 0.38% of Mckinley Carter Wealth Services’s portfolio.

Other Hedge Funds, Including , Spinnaker Trust reduced its stake in KMB by selling 206 shares or 2.25% in the most recent quarter. The Hedge Fund company now holds 8,945 shares of KMB which is valued at $1,152,921. Kimberly Clark Corp makes up approx 0.16% of Spinnaker Trust’s portfolio.Sigma Investment Counselors Inc boosted its stake in KMB in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 2,450 shares of Kimberly Clark Corp which is valued at $317,398. Kimberly Clark Corp makes up approx 0.05% of Sigma Investment Counselors Inc’s portfolio.Chevy Chase Trust Holdings boosted its stake in KMB in the latest quarter, The investment management firm added 3,338 additional shares and now holds a total of 314,245 shares of Kimberly Clark Corp which is valued at $42,724,750. Kimberly Clark Corp makes up approx 0.23% of Chevy Chase Trust Holdings’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.

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