Point72 Asia Hong Kong LTD Position in Kimberly Clark (KMB) Has Decreased by $458,406; Macerich Co (MAC) Stake Has Lifted by Kamunting Street Capital Management Lp

January 21, 2018 - By Kurt Siggers

Steve Cohen decreased its stake in Kimberly Clark Corp (KMB) by 94.27% based on its latest 2017Q3 regulatory filing with the SEC. Point72 Asia Hong Kong Ltd sold 3,918 shares as the company’s stock declined 3.59% while stock markets rallied. The hedge fund run by Steve Cohen held 238 shares of the containers and packaging company at the end of 2017Q3, valued at $28,000, down from 4,156 at the end of the previous reported quarter. Point72 Asia Hong Kong Ltd who had been investing in Kimberly Clark Corp for a number of months, seems to be less bullish one the $40.62 billion market cap company. The stock increased 0.13% or $0.15 during the last trading session, reaching $115.49. About 2.59 million shares traded or 17.29% up from the average. Kimberly-Clark Corporation (NYSE:KMB) has risen 0.32% since January 21, 2017 and is uptrending. It has underperformed by 16.38% the S&P500.

Allan Teh increased its stake in Macerich Co (MAC) by 700% based on its latest 2017Q3 regulatory filing with the SEC. Kamunting Street Capital Management Lp bought 35,000 shares as the company’s stock declined 10.63% while stock markets rallied. The hedge fund run by Allan Teh held 40,000 shares of the real estate investment trusts company at the end of 2017Q3, valued at $2.20M, up from 5,000 at the end of the previous reported quarter. Kamunting Street Capital Management Lp who had been investing in Macerich Co for a number of months, seems to be bullish on the $9.63 billion market cap company. The stock increased 1.35% or $0.85 during the last trading session, reaching $63.75. About 1.35 million shares traded. Macerich Company (NYSE:MAC) has declined 18.62% since January 21, 2017 and is downtrending. It has underperformed by 35.32% the S&P500.

Analysts await Kimberly-Clark Corporation (NYSE:KMB) to report earnings on January, 23. They expect $1.55 EPS, up 6.90% or $0.10 from last year’s $1.45 per share. KMB’s profit will be $545.22 million for 18.63 P/E if the $1.55 EPS becomes a reality. After $1.60 actual EPS reported by Kimberly-Clark Corporation for the previous quarter, Wall Street now forecasts -3.13% negative EPS growth.

Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.01, from 0.97 in 2017Q2. It turned negative, as 64 investors sold KMB shares while 404 reduced holdings. 84 funds opened positions while 363 raised stakes. 245.40 million shares or 1.70% more from 241.30 million shares in 2017Q2 were reported. Cantab Prtn Llp reported 15,923 shares or 0.27% of all its holdings. Exxonmobil Inv Mngmt Tx has 64,518 shares for 0.19% of their portfolio. Ubs Asset Mgmt Americas holds 0.13% or 1.26M shares in its portfolio. Texas-based Fruth Invest has invested 1.27% in Kimberly-Clark Corporation (NYSE:KMB). Moreover, Tudor Inv Corp Et Al has 0.03% invested in Kimberly-Clark Corporation (NYSE:KMB) for 8,632 shares. Blair William & Il has invested 0.1% in Kimberly-Clark Corporation (NYSE:KMB). Hirtle Callaghan & Com Ltd Liability Corporation reported 2,800 shares. The Michigan-based State Treasurer State Of Michigan has invested 0.1% in Kimberly-Clark Corporation (NYSE:KMB). Next Fincl Grp Incorporated has invested 0.23% of its portfolio in Kimberly-Clark Corporation (NYSE:KMB). Tokio Marine Asset Mgmt owns 2,606 shares. Connors Investor Service holds 1.01% of its portfolio in Kimberly-Clark Corporation (NYSE:KMB) for 56,890 shares. Legal & General Public Ltd Company stated it has 0.17% in Kimberly-Clark Corporation (NYSE:KMB). Fmr Limited Co owns 2.22 million shares or 0.03% of their US portfolio. Banque Pictet & Cie invested in 0.02% or 5,780 shares. Aperio Gp Limited Liability accumulated 253,594 shares.

Among 18 analysts covering Kimberly-Clark (NYSE:KMB), 2 have Buy rating, 5 Sell and 11 Hold. Therefore 11% are positive. Kimberly-Clark had 56 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained Kimberly-Clark Corporation (NYSE:KMB) rating on Tuesday, October 10. Jefferies has “Hold” rating and $119.0 target. The rating was downgraded by UBS to “Sell” on Wednesday, July 12. The stock of Kimberly-Clark Corporation (NYSE:KMB) has “Buy” rating given on Thursday, October 22 by Deutsche Bank. The rating was downgraded by Citigroup to “Sell” on Monday, December 11. RBC Capital Markets maintained Kimberly-Clark Corporation (NYSE:KMB) rating on Tuesday, October 25. RBC Capital Markets has “Sector Perform” rating and $118 target. As per Friday, August 11, the company rating was maintained by Citigroup. The stock has “Hold” rating by Societe Generale on Friday, August 21. The firm has “Hold” rating given on Friday, March 10 by Societe Generale. J.P. Morgan downgraded the shares of KMB in report on Friday, October 20 to “Sell” rating. The firm has “Hold” rating given on Thursday, July 6 by Jefferies.

Point72 Asia Hong Kong Ltd, which manages about $141.01M US Long portfolio, upped its stake in Alcoa Corp by 41,955 shares to 43,014 shares, valued at $2.01M in 2017Q3, according to the filing. It also increased its holding in China Lodging Group Ltd (NASDAQ:HTHT) by 79,964 shares in the quarter, for a total of 140,964 shares, and has risen its stake in Philip Morris Intl Inc (NYSE:PM).

Kamunting Street Capital Management Lp, which manages about $1.38B and $158.28 million US Long portfolio, decreased its stake in Alphabet Inc by 3,000 shares to 3,000 shares, valued at $2.92M in 2017Q3, according to the filing.

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