Chapin Davis Inc. Has $375,000 Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Chapin Davis Inc. cut its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 2.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,899 shares of the company’s stock after selling 85 shares during the period. Chapin Davis Inc.’s holdings in Kimberly-Clark were worth $375,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KMB. Rise Advisors LLC lifted its position in shares of Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock valued at $25,000 after acquiring an additional 176 shares during the period. Cranbrook Wealth Management LLC grew its position in Kimberly-Clark by 90.9% in the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in Kimberly-Clark in the 4th quarter valued at $35,000. Bruce G. Allen Investments LLC bought a new position in shares of Kimberly-Clark in the fourth quarter valued at $37,000. Finally, Northwest Financial Advisors acquired a new stake in shares of Kimberly-Clark in the 4th quarter worth about $40,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jeffrey P. Melucci sold 6,390 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $135.59, for a total transaction of $866,420.10. Following the transaction, the insider now directly owns 33,649 shares in the company, valued at approximately $4,562,467.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Paula Ramos sold 10,178 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $137.17, for a total transaction of $1,396,116.26. Following the transaction, the insider now directly owns 795 shares in the company, valued at approximately $109,050.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Melucci sold 6,390 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $135.59, for a total value of $866,420.10. Following the transaction, the insider now owns 33,649 shares in the company, valued at $4,562,467.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,395 shares of company stock worth $3,332,776. 0.62% of the stock is currently owned by insiders.

Kimberly-Clark Stock Performance

Kimberly-Clark stock opened at $137.82 on Tuesday. The firm has a market capitalization of $46.41 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 3.11 and a beta of 0.37. Kimberly-Clark Co. has a 1-year low of $116.32 and a 1-year high of $142.20. The firm’s 50 day simple moving average is $135.86 and its 200 day simple moving average is $127.56. 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 issued its quarterly earnings data on Tuesday, April 23rd. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.61 by $0.40. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.08 billion. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. Kimberly-Clark’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.67 earnings per share. As a group, analysts expect that Kimberly-Clark Co. will post 7.06 earnings per share 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. Stockholders of record on Friday, June 7th will be given 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 3.54%. Kimberly-Clark’s dividend payout ratio (DPR) is presently 89.71%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KMB shares. HSBC lifted their target price on Kimberly-Clark from $146.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. BNP Paribas initiated coverage on shares of Kimberly-Clark in a research note on Monday, June 24th. They issued a “neutral” rating and a $146.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research report on Wednesday, April 24th. Wells Fargo & Company increased their price objective on shares of Kimberly-Clark from $131.00 to $136.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Finally, Evercore ISI raised Kimberly-Clark from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $133.00 to $150.00 in a research report on Thursday, March 28th. 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, Kimberly-Clark currently has a consensus rating of “Hold” and an average target price of $141.64.

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.