As Intuit (INTU) Valuation Rose, Holder First Mercantile Trust Co Decreased Position by $1.02 Million; Bridgewater Associates LP Increased Its Kimberly Clark (KMB) Position by $2.34 Million

April 23, 2018 - By Adrian Mccoy

Intuit Inc. (NASDAQ:INTU) Logo

First Mercantile Trust Co decreased its stake in Intuit Inc (INTU) by 82.53% based on its latest 2017Q4 regulatory filing with the SEC. First Mercantile Trust Co sold 6,501 shares as the company’s stock rose 9.31% while stock markets declined. The institutional investor held 1,376 shares of the prepackaged software company at the end of 2017Q4, valued at $217,000, down from 7,877 at the end of the previous reported quarter. First Mercantile Trust Co who had been investing in Intuit Inc for a number of months, seems to be less bullish one the $45.62 billion market cap company. The stock decreased 0.71% or $1.28 during the last trading session, reaching $178.13. About 1.07 million shares traded. Intuit Inc. (NASDAQ:INTU) has risen 46.26% since April 23, 2017 and is uptrending. It has outperformed by 34.71% the S&P500.

Ray Dalio increased its stake in Kimberly Clark Corp (KMB) by 14.47% based on its latest 2017Q4 regulatory filing with the SEC. Bridgewater Associates Lp bought 19,495 shares as the company’s stock declined 10.91% with the market. The hedge fund run by Ray Dalio held 154,265 shares of the containers and packaging company at the end of 2017Q4, valued at $18.61 million, up from 134,770 at the end of the previous reported quarter. Bridgewater Associates Lp who had been investing in Kimberly Clark Corp for a number of months, seems to be bullish on the $35.02 billion market cap company. The stock decreased 3.20% or $3.31 during the last trading session, reaching $100.03. About 5.16 million shares traded or 109.87% up from the average. Kimberly-Clark Corporation (NYSE:KMB) has declined 18.78% since April 23, 2017 and is downtrending. It has underperformed by 30.33% the S&P500.

Bridgewater Associates Lp, which manages about $12.21B US Long portfolio, decreased its stake in Bank N S Halifax (NYSE:BNS) by 99,625 shares to 154,693 shares, valued at $10.02 million in 2017Q4, according to the filing. It also reduced its holding in Applied Matls Inc (NASDAQ:AMAT) by 60,363 shares in the quarter, leaving it with 117,284 shares, and cut its stake in Transocean Ltd (NYSE:RIG).

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.03, from 0.96 in 2017Q3. It turned negative, as 72 investors sold KMB shares while 404 reduced holdings. 99 funds opened positions while 344 raised stakes. 252.01 million shares or 2.69% more from 245.40 million shares in 2017Q3 were reported. Marco Invest Mgmt Lc has 63,227 shares. Everence Management invested 0.16% in Kimberly-Clark Corporation (NYSE:KMB). Tnb has 0.17% invested in Kimberly-Clark Corporation (NYSE:KMB). Moreover, Assetmark has 0% invested in Kimberly-Clark Corporation (NYSE:KMB) for 575 shares. Moreover, Brown Brothers Harriman & Co has 0.02% invested in Kimberly-Clark Corporation (NYSE:KMB). Lenox Wealth Advsrs has invested 0% of its portfolio in Kimberly-Clark Corporation (NYSE:KMB). Veritable LP owns 16,517 shares. Ami Asset Mgmt invested 1.13% of its portfolio in Kimberly-Clark Corporation (NYSE:KMB). Lynch And Associate In stated it has 0.58% in Kimberly-Clark Corporation (NYSE:KMB). Johnson Financial Grp Inc Inc invested in 0.93% or 62,807 shares. Carroll Financial invested in 0.05% or 3,655 shares. Lakeview Cap Prtn Ltd Llc owns 3,421 shares. Fny Managed Accounts Llc owns 33 shares. Destination Wealth Mgmt invested in 0.25% or 33,541 shares. Moreover, Maple Capital has 0.38% invested in Kimberly-Clark Corporation (NYSE:KMB).

Among 18 analysts covering Kimberly-Clark (NYSE:KMB), 2 have Buy rating, 5 Sell and 11 Hold. Therefore 11% are positive. Kimberly-Clark had 60 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Tuesday, September 5 with “Hold”. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, September 7 report. The stock of Kimberly-Clark Corporation (NYSE:KMB) earned “Buy” rating by Goldman Sachs on Monday, December 14. The rating was maintained by Deutsche Bank on Tuesday, October 25 with “Hold”. Citigroup maintained the stock with “Neutral” rating in Wednesday, July 27 report. The firm earned “Neutral” rating on Friday, August 11 by Citigroup. The stock of Kimberly-Clark Corporation (NYSE:KMB) has “Hold” rating given on Thursday, April 19 by Wells Fargo. Citigroup maintained the shares of KMB in report on Wednesday, January 24 with “Sell” rating. As per Friday, October 20, the company rating was downgraded by J.P. Morgan. The rating was reinitiated by Wells Fargo with “Market Perform” on Tuesday, November 15.

Since January 29, 2018, it had 0 insider buys, and 1 sale for $2.77 million activity.

Since December 18, 2017, it had 0 insider purchases, and 7 selling transactions for $190.37 million activity. STANSBURY HENRY TAYLOE had sold 9,666 shares worth $1.66M on Tuesday, February 27.

First Mercantile Trust Co, which manages about $510.76M US Long portfolio, upped its stake in Ishares Russell 2000 Growth Et (IWO) by 4,516 shares to 29,983 shares, valued at $5.60M in 2017Q4, according to the filing. It also increased its holding in Kinder Morgan Inc (NYSE:KMI) by 38,757 shares in the quarter, for a total of 77,270 shares, and has risen its stake in Spdr Gold Shares (GLD).

Analysts await Intuit Inc. (NASDAQ:INTU) to report earnings on May, 22. They expect $4.32 EPS, up 16.44% or $0.61 from last year’s $3.71 per share. INTU’s profit will be $1.11B for 10.31 P/E if the $4.32 EPS becomes a reality. After $0.08 actual EPS reported by Intuit Inc. for the previous quarter, Wall Street now forecasts 5,300.00% EPS growth.

Among 24 analysts covering Intuit (NASDAQ:INTU), 10 have Buy rating, 2 Sell and 12 Hold. Therefore 42% are positive. Intuit had 92 analyst reports since August 10, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Sunday, September 24 report. The firm has “Buy” rating given on Friday, September 18 by Jefferies. On Friday, September 18 the stock rating was maintained by Oppenheimer with “Outperform”. The rating was maintained by RBC Capital Markets on Friday, February 24 with “Sector Perform”. The rating was maintained by Oppenheimer on Friday, October 27 with “Buy”. The rating was maintained by Deutsche Bank with “Buy” on Monday, February 12. Credit Suisse initiated Intuit Inc. (NASDAQ:INTU) on Thursday, April 21 with “Neutral” rating. As per Monday, January 29, the company rating was maintained by Oppenheimer. The firm has “Buy” rating by Raymond James given on Saturday, August 22. The firm has “Hold” rating by Moffett Nathanson given on Wednesday, September 6.

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

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