Wallington Asset Management Lowers stake in Kimberly Clark Corp (KMB)

Kimberly Clark Corp (KMB) : Wallington Asset Management reduced its stake in Kimberly Clark Corp by 1.47% during the most recent quarter end. The investment management company now holds a total of 66,840 shares of Kimberly Clark Corp which is valued at $8,615,008 after selling 1,000 shares in Kimberly Clark Corp , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Kimberly Clark Corp makes up approximately 2.64% of Wallington Asset Management’s portfolio.

Other Hedge Funds, Including , Obermeyer Wood Investment Counsel Lllp reduced its stake in KMB by selling 49 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 7,698 shares of KMB which is valued at $992,195. Kimberly Clark Corp makes up approx 0.09% of Obermeyer Wood Investment Counsel Lllp’s portfolio.Sigma Planning Corp reduced its stake in KMB by selling 6,334 shares or 26.0% in the most recent quarter. The Hedge Fund company now holds 18,027 shares of KMB which is valued at $2,426,975. Kimberly Clark Corp makes up approx 0.31% of Sigma Planning Corp’s portfolio.Community Trust Investment Co reduced its stake in KMB by selling 25 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 10,000 shares of KMB which is valued at $1,357,200. Kimberly Clark Corp makes up approx 0.17% of Community Trust Investment Co’s portfolio.

Kimberly Clark Corp opened for trading at $129.37 and hit $130.05 on the upside on Monday, eventually ending the session at $129.56, with a gain of 0.12% or 0.16 points. The heightened volatility saw the trading volume jump to 14,76,663 shares. Company has a market cap of $46,594 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.

Investors should note that on Aug 1, 2016, Kimberly Clark Corp announced a cash dividend of $0.9200. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Oct 4, 2016.

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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