Sunday, 09 December, 2018

Kimberly-Clark to cut more than 5000 jobs in cost-saving initiative

Kimberly-Clark to use savings from tax cuts to pay for layoffs Getty Images
Nellie Chapman | 25 January, 2018, 03:47

The company set a four-year cost savings target of more than $1.5 billion, where the savings will be planned by improving productivity at manufacturing facilities, optimizing raw material and product design costs, generating benefits from procurement activities and improving distribution efficiencies. Vantage Investment Partners Llc who had been investing in Kimberly for a number of months, seems to be bullish on the $41.76B market cap company. About 3.54 million shares traded.

Turning to Kimberly-Clark Corporation (NYSE:KMB), its shares were trading at $117.84 a gain of $0.93, on the trading floor. It has underperformed by 16.38% the S&P500.

Alpine Partners Vi Llc increased its stake in Monsanto Co New (MON) by 12.41% based on its latest 2017Q3 regulatory filing with the SEC. The stock of Pepsico, Inc. The stock decreased 1.26% or $0.14 during the last trading session, reaching $10.95.

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, reached a record high of 435.23 before closing at 434.32 Tuesday, up 0.89. About 3.55M shares traded or 73.15% up from the average. Pandora Media, Inc. (NYSE:P) has declined 12.50% since January 24, 2017 and is downtrending.

In addition, executives said the firm has been hurt by declining birth rates in key markets, such as the US and South Korea, which have reduced demand for diapers and other staples.

Ratings analysis reveals 0 of Kimberly-Clark's analysts are positive.

Our $121 price estimate for Kimberly-Clark's stock is slightly ahead of the current market price. On Wednesday, July 27 the stock rating was maintained by Citigroup with "Neutral". The firm has "Sector Perform" rating given on Wednesday, April 26 by RBC Capital Markets.

10/26/2017-Barclays Reiterated Rating of Hold.

Kimberly Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 23rd. The stock of Kimberly-Clark Corporation (NYSE:KMB) earned "Neutral" rating by UBS on Wednesday, July 26.

Investors sentiment decreased to 0.96 in Q3 2017. Its up 0.09, from 1.21 in 2017Q2. The original version of this report can be read at 114 funds opened positions while 708 raised stakes. 779.91 million shares or 1.33% less from 790.40 million shares in 2017Q2 were reported. (NYSE:PLD). Great Lakes Advisors Limited Liability Company accumulated 38,784 shares. Wall Street is only getting more bullish on the stock, with 8 of analysts who cover VZ having a buy-equivalent rating. Manchester Management Ltd Com holds 14,518 shares or 0.17% of its portfolio. Vantage Investment Partners Llc bought 5,436 shares as the company's stock declined 3.59% while stock markets rallied.

WARNING: "Kimberly Clark (KMB) Releases FY18 Earnings Guidance" was reported by Week Herald and is owned by of Week Herald. Cap One National Association holds 20,101 shares. Cobblestone Advisors Ltd Com Ny reported 5,128 shares or 0.07% of all its holdings. For the past full year, shares are 0.74%. Cypress Asset Mgmt Tx owns 19,065 shares for 0.48% of their portfolio.

A number of research analysts have weighed in on KMB shares.

Ever wonder how investors predict positive share price momentum?

Seidman Lawrence B holds 3.62% of its portfolio in Blue Hills Bancorp, Inc. for 266,821 shares. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. Cowen & Co maintained it with "Buy" rating and $170.0 target in Tuesday, October 31 report. The company said in November that its target customers are companies too big to sell products on eBay but unable to afford to build their own platforms. The stock of MetLife, Inc. On Tuesday, July 11 the stock rating was maintained by RBC Capital Markets with "Hold".

11/2/2017-Societe Generale Upgrade from a "Hold " rating to a " Buy" rating. The firm has "Hold" rating given on Thursday, January 4 by Jefferies. The company was maintained on Monday, August 29 by FBR Capital.

Investors sentiment increased to 0.94 in 2017 Q3.

Kimberly-Clark will also exit certain aspects of its business representing less than 1% of sales. It worsened, as 47 investors sold P shares while 59 reduced holdings. 65 funds opened positions while 289 raised stakes. 387.15 million shares or 0.29% less from 388.29 million shares in 2017Q2 were reported. Needelman Asset Management Inc owns 7,573 shares for 2.19% of their portfolio. Lazard Asset Management Lc owns 2.55M shares. (NYSE:HD). Financial Architects reported 0.03% in The Home Depot, Inc. Stephens Invest Mngmt Grp Ltd Liability Corp reported 23,712 shares. 2,780 were accumulated by Autus Asset Management Limited Co. Washington Tru Communications has 6,000 shares. Jpmorgan Chase And has invested 0% in Pandora Media, Inc. (NYSE:P) for 11.41 million shares. Jnba Financial Advsr stated it has 170 shares. Fifth Third Bancorp holds 180,324 shares or 0.08% of its portfolio. (NYSE:MET) for 113,121 shares. Assetmark Inc holds 0% or 530 shares in its portfolio. It also increased its holding in Envision Healthcare Corp by 4.66 million shares in the quarter, for a total of 5.61 million shares, and has risen its stake in Facebook Inc (NASDAQ:FB).

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