Pettee Investors Lowers stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Pettee Investors reduced its stake in Kimberly Clark Corp by 9.68% during the most recent quarter end. The investment management company now holds a total of 4,663 shares of Kimberly Clark Corp which is valued at $601,014 after selling 500 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 0.57% of Pettee Investors’s portfolio.

Other Hedge Funds, Including , Hudock Capital Group boosted its stake in KMB in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 1,681 shares of Kimberly Clark Corp which is valued at $216,664. Kimberly Clark Corp makes up approx 0.12% of Hudock Capital Group’s portfolio.Spectrum Management Group boosted its stake in KMB in the latest quarter, The investment management firm added 2,335 additional shares and now holds a total of 4,420 shares of Kimberly Clark Corp which is valued at $572,611. Kimberly Clark Corp makes up approx 0.23% of Spectrum Management Group’s portfolio.Clean Yield Group boosted its stake in KMB in the latest quarter, The investment management firm added 60 additional shares and now holds a total of 196 shares of Kimberly Clark Corp which is valued at $25,578. Kimberly Clark Corp makes up approx 0.01% of Clean Yield Group’s portfolio. Evergreen Capital Management sold out all of its stake in KMB during the most recent quarter. The investment firm sold 1,529 shares of KMB which is valued $199,535.Bollard Group boosted its stake in KMB in the latest quarter, The investment management firm added 124 additional shares and now holds a total of 19,945 shares of Kimberly Clark Corp which is valued at $2,685,195. Kimberly Clark Corp makes up approx 0.18% of Bollard Group’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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