Coastline Trust Co Lowers stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Coastline Trust Co reduced its stake in Kimberly Clark Corp by 0.84% during the most recent quarter end. The investment management company now holds a total of 45,835 shares of Kimberly Clark Corp which is valued at $6,127,223 after selling 390 shares in Kimberly Clark Corp , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Kimberly Clark Corp makes up approximately 1.21% of Coastline Trust Co’s portfolio.

Other Hedge Funds, Including , Investment Counsel reduced its stake in KMB by selling 57 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 10,509 shares of KMB which is valued at $1,404,843. Kimberly Clark Corp makes up approx 1.10% of Investment Counsel’s portfolio. Check Capital Management Incca sold out all of its stake in KMB during the most recent quarter. The investment firm sold 1,936 shares of KMB which is valued $261,573.First National Bank Trust Co Of Newtown reduced its stake in KMB by selling 220 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 31,207 shares of KMB which is valued at $4,242,904. Kimberly Clark Corp makes up approx 1.29% of First National Bank Trust Co Of Newtown’s portfolio.

Kimberly Clark Corp closed down -1.48 points or -1.10% at $133.68 with 20,81,179 shares getting traded on Wednesday. Post opening the session at $135.27, the shares hit an intraday low of $133.67 and an intraday high of $135.73 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 $ 0.02 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $1.51. The company had revenue of $4476.00 million for the quarter, compared to analysts expectations of $4544.56 million. The company’s revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.42 EPS.

Many Wall Street Analysts have commented on Kimberly Clark Corp. Shares were Downgraded by Deutsche Bank on Apr 25, 2016 to ” Hold” and Lowered the Price Target to $ 130 from a previous price target of $145 .Shares were Reiterated by UBS on Apr 25, 2016 to “Neutral” and Lowered the Price Target to $ 134 from a previous price target of $143 .

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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