Advisory Services Network Lowers stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Advisory Services Network reduced its stake in Kimberly Clark Corp by 11.24% during the most recent quarter end. The investment management company now holds a total of 4,906 shares of Kimberly Clark Corp which is valued at $603,487 after selling 621 shares in Kimberly Clark Corp , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Kimberly Clark Corp makes up approximately 0.11% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Central Bank Trust Co reduced its stake in KMB by selling 632 shares or 13.29% in the most recent quarter. The Hedge Fund company now holds 4,124 shares of KMB which is valued at $507,293. Kimberly Clark Corp makes up approx 0.14% of Central Bank Trust Co’s portfolio.Chevy Chase Trust Holdings reduced its stake in KMB by selling 6,955 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 307,290 shares of KMB which is valued at $37,682,973. Kimberly Clark Corp makes up approx 0.21% of Chevy Chase Trust Holdings’s portfolio.Acropolis Investment Management reduced its stake in KMB by selling 210 shares or 3.27% in the most recent quarter. The Hedge Fund company now holds 6,216 shares of KMB which is valued at $762,268. Kimberly Clark Corp makes up approx 0.14% of Acropolis Investment Management’s portfolio.North Star Asset Management Inc reduced its stake in KMB by selling 1,454 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 177,289 shares of KMB which is valued at $21,740,950. Kimberly Clark Corp makes up approx 2.45% of North Star Asset Management Inc’s portfolio.Lvm Capital Management Ltdmi reduced its stake in KMB by selling 10 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 1,850 shares of KMB which is valued at $226,866. Kimberly Clark Corp makes up approx 0.07% of Lvm Capital Management Ltdmi’s portfolio.

Kimberly Clark Corp closed down -0.22 points or -0.18% at $123.01 with 13,97,899 shares getting traded on Friday. Post opening the session at $123.89, the shares hit an intraday low of $122.12 and an intraday high of $124.0899 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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