Eastern Bank buys $15,107,865 stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Eastern Bank scooped up 857 additional shares in Kimberly Clark Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 111,819 shares of Kimberly Clark Corp which is valued at $15,107,865.Kimberly Clark Corp makes up approximately 1.19% of Eastern Bank’s portfolio.

Other Hedge Funds, Including , Sonora Investment Management reduced its stake in KMB by selling 1,176 shares or 7.98% in the most recent quarter. The Hedge Fund company now holds 13,560 shares of KMB which is valued at $1,832,092. Kimberly Clark Corp makes up approx 1.01% of Sonora Investment Management’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.Pacwest Financial Management Inc boosted its stake in KMB in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 1,932 shares of Kimberly Clark Corp which is valued at $262,211. Kimberly Clark Corp makes up approx 0.16% of Pacwest Financial Management Inc’s portfolio.Patten Patten Inctn reduced its stake in KMB by selling 108 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 34,506 shares of KMB which is valued at $4,691,436. Kimberly Clark Corp makes up approx 0.64% of Patten Patten Inctn’s portfolio.Spirit Of America Management Corpny boosted its stake in KMB in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 8,000 shares of Kimberly Clark Corp which is valued at $1,087,680. Kimberly Clark Corp makes up approx 0.16% of Spirit Of America Management Corpny’s portfolio.

Kimberly Clark Corp closed down -1.06 points or -0.78% at $135.11 with 11,05,621 shares getting traded on Monday. Post opening the session at $136.29, the shares hit an intraday low of $135.05 and an intraday high of $136.34 and the price fluctuated in this range throughout the day.Shares ended Monday 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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