Kimberly Clark Corp (KMB) Holder Destination Wealth Management Has Cut Stake by $29.44 Million

Kimberly-Clark Corporation (NYSE:KMB) LogoInvestors sentiment decreased to 0.87 in 2018 Q2. Its down 0.03, from 0.9 in 2018Q1. It dived, as 63 investors sold KMB shares while 401 reduced holdings. 88 funds opened positions while 315 raised stakes. 249.39 million shares or 0.85% more from 247.29 million shares in 2018Q1 were reported. Thrivent Finance For Lutherans reported 0.11% in Kimberly-Clark Corporation (NYSE:KMB). Logan owns 24,992 shares. Becker Management invested in 2,486 shares or 0.01% of the stock. Brave Asset holds 0.42% or 6,838 shares in its portfolio. Meiji Yasuda Asset Mgmt Company has 16,418 shares for 0.15% of their portfolio. Mackay Shields Lc holds 73,485 shares or 0.05% of its portfolio. Salem Counselors Inc has invested 0.02% of its portfolio in Kimberly-Clark Corporation (NYSE:KMB). 2,085 are held by Howland Management Limited Company. Raymond James Fincl Svcs Advsr Inc accumulated 129,071 shares or 0.07% of the stock. Chemung Canal Tru Commerce owns 2,150 shares for 0.05% of their portfolio. The Georgia-based Crawford Counsel has invested 0.02% in Kimberly-Clark Corporation (NYSE:KMB). Us Bancorporation De owns 0.13% invested in Kimberly-Clark Corporation (NYSE:KMB) for 393,687 shares. Holowesko Prtnrs Ltd holds 1.28M shares. Comml Bank Of America De owns 6.17 million shares or 0.11% of their US portfolio. Weatherly Asset Mgmt LP reported 0.86% of its portfolio in Kimberly-Clark Corporation (NYSE:KMB).

Since July 25, 2018, it had 0 buys, and 4 selling transactions for $2.54 million activity. Melucci Jeffrey P. also sold $111,180 worth of Kimberly-Clark Corporation (NYSE:KMB) shares. 13,565 shares were sold by Azbell Michael T., worth $1.56 million. Powell Aaron also sold $116,551 worth of Kimberly-Clark Corporation (NYSE:KMB) on Wednesday, July 25.

Destination Wealth Management decreased its stake in Kimberly Clark Corp (KMB) by 86.75% based on its latest 2018Q2 regulatory filing with the SEC. Destination Wealth Management sold 280,338 shares as the company’s stock rose 13.04% with the market. The institutional investor held 42,808 shares of the containers and packaging company at the end of 2018Q2, valued at $4.51 million, down from 323,146 at the end of the previous reported quarter. Destination Wealth Management who had been investing in Kimberly Clark Corp for a number of months, seems to be less bullish one the $38.32 billion market cap company. The stock decreased 0.78% or $0.87 during the last trading session, reaching $110.64. About 456,465 shares traded. Kimberly-Clark Corporation (NYSE:KMB) has declined 3.56% since December 6, 2017 and is downtrending. It has underperformed by 19.18% the S&P500.

Destination Wealth Management, which manages about $1.42 billion and $1.67B US Long portfolio, upped its stake in Ishares Tr (IDV) by 353,823 shares to 353,874 shares, valued at $11.34 million in 2018Q2, according to the filing. It also increased its holding in Ishares Tr (PFF) by 113,644 shares in the quarter, for a total of 118,836 shares, and has risen its stake in Ishares Tr (MXI).

Analysts await Kimberly-Clark Corporation (NYSE:KMB) to report earnings on January, 22. They expect $1.68 EPS, up 7.01 % or $0.11 from last year’s $1.57 per share. KMB’s profit will be $581.79 million for 16.46 P/E if the $1.68 EPS becomes a reality. After $1.71 actual EPS reported by Kimberly-Clark Corporation for the previous quarter, Wall Street now forecasts -1.75 % negative EPS growth.

More notable recent Kimberly-Clark Corporation (NYSE:KMB) news were published by: Seekingalpha.com which released: “By How Much Will Kimberly-Clark Raise Its Dividend? – Seeking Alpha” on September 30, 2018, also Bizjournals.com with their article: “Will McKesson’s departure trigger a stampede? – San Francisco Business Times” published on December 03, 2018, Seekingalpha.com published: “Kimberly-Clark Is The Classical Defensive Stock – Seeking Alpha” on December 03, 2018. More interesting news about Kimberly-Clark Corporation (NYSE:KMB) were released by: Bizjournals.com and their article: “How panties innovator Miki Agrawal became a bidet boss – New York Business Journal” published on November 26, 2018 as well as Benzinga.com‘s news article titled: “Higher Prices At Kimberly Clark (NYSE:KMB) Are Behind JPMorgan’s Higher Rating – Benzinga” with publication date: August 16, 2018.

Kimberly-Clark Corporation (NYSE:KMB) Ratings Coverage

Among 11 analysts covering Kimberly-Clark (NYSE:KMB), 0 have Buy rating, 5 Sell and 6 Hold. Therefore 0 are positive. Kimberly-Clark had 13 analyst reports since June 21, 2018 according to SRatingsIntel. The stock of Kimberly-Clark Corporation (NYSE:KMB) earned “Neutral” rating by Goldman Sachs on Monday, October 8. Morgan Stanley maintained the shares of KMB in report on Friday, August 31 with “Underweight” rating. Societe Generale downgraded the stock to “Hold” rating in Wednesday, August 15 report. Citigroup maintained the stock with “Sell” rating in Wednesday, October 24 report. The rating was downgraded by Deutsche Bank to “Sell” on Wednesday, October 10. The firm has “Hold” rating by Deutsche Bank given on Thursday, August 16. As per Thursday, September 6, the company rating was maintained by Bank of America. As per Wednesday, October 17, the company rating was maintained by Wells Fargo. Barclays Capital maintained the shares of KMB in report on Tuesday, October 2 with “Equal-Weight” rating. The firm earned “Neutral” rating on Thursday, August 16 by JP Morgan.

Kimberly-Clark Corporation (NYSE:KMB) Institutional Positions Chart

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