Chemistry Wealth Management LLC Reduces Stock Position in Kimberly-Clark Co. (NYSE:KMB)

Chemistry Wealth Management LLC lessened its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 15.2% during the 1st quarter, HoldingsChannel reports. The fund owned 4,598 shares of the company’s stock after selling 821 shares during the quarter. Chemistry Wealth Management LLC’s holdings in Kimberly-Clark were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of KMB. Norges Bank bought a new stake in shares of Kimberly-Clark during the 4th quarter valued at $437,420,000. American Century Companies Inc. increased its holdings in Kimberly-Clark by 14.7% in the 3rd quarter. American Century Companies Inc. now owns 4,996,401 shares of the company’s stock valued at $603,815,000 after acquiring an additional 641,187 shares during the last quarter. Royal Bank of Canada increased its holdings in Kimberly-Clark by 31.4% in the 3rd quarter. Royal Bank of Canada now owns 2,197,184 shares of the company’s stock valued at $265,530,000 after acquiring an additional 524,632 shares during the last quarter. Capital World Investors increased its holdings in Kimberly-Clark by 23.8% in the 4th quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock valued at $234,114,000 after acquiring an additional 370,094 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in Kimberly-Clark by 28.3% in the 4th quarter. Nordea Investment Management AB now owns 1,671,948 shares of the company’s stock valued at $202,740,000 after acquiring an additional 368,505 shares during the last quarter. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Insider Buying and Selling

In related news, VP Andrew Drexler sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the completion of the transaction, the vice president now owns 8,053 shares in the company, valued at approximately $1,101,891.99. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Kimberly-Clark news, VP Andrew Drexler sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $136.83, for a total transaction of $342,075.00. Following the transaction, the vice president now owns 8,053 shares in the company, valued at approximately $1,101,891.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paula Ramos sold 10,178 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now owns 795 shares in the company, valued at approximately $109,050.15. The disclosure for this sale can be found here. Insiders sold a total of 24,395 shares of company stock worth $3,332,776 in the last 90 days. 0.62% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Kimberly-Clark from $135.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Bank of America upgraded shares of Kimberly-Clark from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $115.00 to $160.00 in a report on Thursday, June 13th. Citigroup boosted their target price on shares of Kimberly-Clark from $111.00 to $125.00 and gave the stock a “sell” rating in a report on Wednesday, April 24th. Piper Sandler boosted their target price on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Kimberly-Clark from $115.00 to $123.00 and gave the stock an “underweight” rating in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $141.64.

Kimberly-Clark Stock Up 0.5 %

Shares of KMB traded up $0.75 during mid-day trading on Wednesday, hitting $139.17. The company’s stock had a trading volume of 1,730,305 shares, compared to its average volume of 2,150,677. The company’s 50-day moving average is $135.09 and its 200-day moving average is $127.21. Kimberly-Clark Co. has a 52-week low of $116.32 and a 52-week high of $142.20. The firm has a market capitalization of $46.86 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 3.12 and a beta of 0.38. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a net margin of 9.05% and a return on equity of 250.28%. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same quarter in the prior year, the company earned $1.67 EPS. The company’s revenue was down .9% compared to the same quarter last year. On average, equities research analysts forecast that Kimberly-Clark Co. will post 7.06 EPS for the current fiscal year.

Kimberly-Clark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Friday, June 7th will be paid a dividend of $1.22 per share. The ex-dividend date is Friday, June 7th. This represents a $4.88 annualized dividend and a dividend yield of 3.51%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.