Fort Pitt Capital Group Lowers stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Fort Pitt Capital Group reduced its stake in Kimberly Clark Corp by 0.06% during the most recent quarter end. The investment management company now holds a total of 201,938 shares of Kimberly Clark Corp which is valued at $26,027,789 after selling 122 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 3.09% of Fort Pitt Capital Group’s portfolio.

Other Hedge Funds, Including , Everence Capital Management Inc boosted its stake in KMB in the latest quarter, The investment management firm added 1,540 additional shares and now holds a total of 10,179 shares of Kimberly Clark Corp which is valued at $1,311,971. Kimberly Clark Corp makes up approx 0.39% of Everence Capital Management Inc’s portfolio.Essex Financial Services boosted its stake in KMB in the latest quarter, The investment management firm added 19 additional shares and now holds a total of 9,298 shares of Kimberly Clark Corp which is valued at $1,204,556. Kimberly Clark Corp makes up approx 0.28% of Essex Financial Services’s portfolio.Advisory Services Network boosted its stake in KMB in the latest quarter, The investment management firm added 804 additional shares and now holds a total of 5,527 shares of Kimberly Clark Corp which is valued at $721,274. Kimberly Clark Corp makes up approx 0.16% of Advisory Services Network’s portfolio.First Midwest Bank Trust Division boosted its stake in KMB in the latest quarter, The investment management firm added 3,540 additional shares and now holds a total of 25,163 shares of Kimberly Clark Corp which is valued at $3,283,772. Kimberly Clark Corp makes up approx 0.40% of First Midwest Bank Trust Division’s portfolio.Nikko Asset Management Americas boosted its stake in KMB in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 2,700 shares of Kimberly Clark Corp which is valued at $360,936. Kimberly Clark Corp makes up approx 0.03% of Nikko Asset Management Americas’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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