Chemistry Wealth Management LLC Has $595,000 Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Chemistry Wealth Management LLC trimmed its position in Kimberly-Clark Co. (NYSE:KMB) by 15.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,598 shares of the company’s stock after selling 821 shares during the period. Chemistry Wealth Management LLC’s holdings in Kimberly-Clark were worth $595,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Rise Advisors LLC increased its stake in Kimberly-Clark by 926.3% during the 1st quarter. Rise Advisors LLC now owns 195 shares of the company’s stock worth $25,000 after purchasing an additional 176 shares in the last quarter. Cranbrook Wealth Management LLC increased its stake in Kimberly-Clark by 90.9% during the 4th quarter. Cranbrook Wealth Management LLC now owns 210 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $35,000. Bruce G. Allen Investments LLC bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $37,000. Finally, Northwest Financial Advisors bought a new stake in Kimberly-Clark during the 4th quarter worth approximately $40,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Kimberly-Clark Price Performance

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

Kimberly-Clark (NYSE:KMB) last released its 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 return on equity of 250.28% and a net margin of 9.05%. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.08 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Equities analysts expect that Kimberly-Clark Co. will post 7.06 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

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

Insiders Place Their Bets

In other news, insider Doug Cunningham sold 3,833 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $136.82, for a total transaction of $524,431.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Doug Cunningham sold 3,833 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $136.82, for a total value of $524,431.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Melucci sold 6,390 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $135.59, for a total value of $866,420.10. Following the completion of the sale, the insider now owns 33,649 shares of the company’s stock, valued at $4,562,467.91. The disclosure for this sale can be found here. Insiders sold 24,395 shares of company stock worth $3,332,776 over the last three months. Insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

KMB has been the subject of several research reports. Piper Sandler raised their price target on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. The Goldman Sachs Group raised their price target on shares of Kimberly-Clark from $135.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. BNP Paribas started coverage on shares of Kimberly-Clark in a research report on Monday. They issued a “neutral” rating and a $146.00 price objective for the company. StockNews.com cut shares of Kimberly-Clark from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Barclays lifted their price target on Kimberly-Clark from $132.00 to $136.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.