Johnson Financial Group Lowers stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Johnson Financial Group reduced its stake in Kimberly Clark Corp by 0.91% during the most recent quarter end. The investment management company now holds a total of 63,233 shares of Kimberly Clark Corp which is valued at $7,151,020 after selling 580 shares in Kimberly Clark Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Kimberly Clark Corp makes up approximately 0.95% of Johnson Financial Group’s portfolio.

Other Hedge Funds, Including , Park Avenue Securities sold out all of its stake in KMB during the most recent quarter. The investment firm sold 1,734 shares of KMB which is valued $197,086.Boston Advisors reduced its stake in KMB by selling 1,258 shares or 2.93% in the most recent quarter. The Hedge Fund company now holds 41,643 shares of KMB which is valued at $4,736,058. Kimberly Clark Corp makes up approx 0.12% of Boston Advisors’s portfolio.

Kimberly Clark Corp opened for trading at $112.25 and hit $113.41 on the upside on Monday, eventually ending the session at $113.11, with a gain of 0.67% or 0.75 points. The heightened volatility saw the trading volume jump to 16,03,769 shares. Company has a market cap of $40,511 M.

On the company’s financial health, Kimberly Clark Corp reported $1.52 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Oct 24, 2016. Analyst had a consensus of $1.54. The company had revenue of $4600.00 million for the quarter, compared to analysts expectations of $4726.69 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.51 EPS.

Investors should note that on Nov 15, 2016, Kimberly Clark Corp announced a cash dividend of $0.9200. The company’s management has announced Dec 7, 2016 as the ex-dividend date and fixed the record date on Dec 9, 2016. The payable date has been fixed on Jan 4, 2017.

Many Wall Street Analysts have commented on Kimberly Clark Corp. Kimberly Clark Corp was Resumed by Wells Fargo to “Market Perform” on Nov 15, 2016. Kimberly Clark Corp was Downgraded by CLSA to ” Underperform” on Oct 26, 2016. Shares were Reiterated by Deutsche Bank on Oct 25, 2016 to “Hold” and Lowered the Price Target to $ 120 from a previous price target of $132 .

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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