Kimberly (KMB) Valuation Declined While Diamond Hill Capital Management Lifted Stake by $20.74 Million; Chevron (CVX) Shareholder Johnson Investment Counsel Trimmed Stake

April 20, 2018 - By Richard Conner

Chevron Corporation (NYSE:CVX) Logo

Johnson Investment Counsel Inc decreased its stake in Chevron Corporation (CVX) by 1.24% based on its latest 2017Q4 regulatory filing with the SEC. Johnson Investment Counsel Inc sold 5,976 shares as the company’s stock declined 8.26% with the market. The institutional investor held 474,312 shares of the integrated oil company at the end of 2017Q4, valued at $59.38M, down from 480,288 at the end of the previous reported quarter. Johnson Investment Counsel Inc who had been investing in Chevron Corporation for a number of months, seems to be less bullish one the $236.32B market cap company. The stock decreased 0.09% or $0.11 during the last trading session, reaching $123.71. About 7.16 million shares traded. Chevron Corporation (NYSE:CVX) has risen 7.88% since April 20, 2017 and is uptrending. It has underperformed by 3.67% the S&P500.

Ric Dillon increased its stake in Kimberly (KMB) by 7.42% based on its latest 2017Q4 regulatory filing with the SEC. Diamond Hill Capital Management Inc bought 172,807 shares as the company’s stock declined 10.91% with the market. The hedge fund run by Ric Dillon held 2.50M shares of the containers and packaging company at the end of 2017Q4, valued at $302.00M, up from 2.33M at the end of the previous reported quarter. Diamond Hill Capital Management Inc who had been investing in Kimberly for a number of months, seems to be bullish on the $36.18 billion market cap company. The stock decreased 2.99% or $3.19 during the last trading session, reaching $103.34. About 4.09M shares traded or 69.07% up from the average. Kimberly-Clark Corporation (NYSE:KMB) has declined 18.78% since April 20, 2017 and is downtrending. It has underperformed by 30.33% the S&P500.

Investors sentiment decreased to 0.93 in Q4 2017. 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. Richard C Young has invested 1.79% in Kimberly-Clark Corporation (NYSE:KMB). Gamble Jones Invest Counsel holds 17,328 shares or 0.2% of its portfolio. Cypress Capital Limited Liability Company (Wy) has invested 0.15% in Kimberly-Clark Corporation (NYSE:KMB). Sumitomo Mitsui Asset Management Limited holds 25,302 shares or 0.05% of its portfolio. Forte Cap Limited Adv accumulated 0.31% or 8,623 shares. Advisory Services Ntwk Lc reported 9,669 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt Corporation has 9,100 shares. Stoneridge Inv Prns Ltd Liability Corporation has 0.08% invested in Kimberly-Clark Corporation (NYSE:KMB). Nikko Asset Management Americas stated it has 0.24% of its portfolio in Kimberly-Clark Corporation (NYSE:KMB). Silvercrest Asset Mngmt Limited Liability Com has invested 0.02% in Kimberly-Clark Corporation (NYSE:KMB). The Vermont-based Maple Capital Mgmt Inc has invested 0.38% in Kimberly-Clark Corporation (NYSE:KMB). Country Club Tru Na has 2,438 shares. 22,643 were reported by Gateway Investment Advisers Ltd. Aperio Grp Ltd Com owns 269,697 shares for 0.17% of their portfolio. Van Hulzen Asset Ltd Company holds 0.27% or 7,358 shares.

Diamond Hill Capital Management Inc, which manages about $12.19 billion and $19.96B US Long portfolio, decreased its stake in Deere & Co Com (NYSE:DE) by 58,935 shares to 283,754 shares, valued at $44.41M in 2017Q4, according to the filing. It also reduced its holding in Twenty (NASDAQ:FOX) by 3.82 million shares in the quarter, leaving it with 3.35 million shares, and cut its stake in Franklin Resources Inc. (NYSE:BEN).

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

Among 18 analysts covering Kimberly-Clark (NYSE:KMB), 2 have Buy rating, 5 Sell and 11 Hold. Therefore 11% are positive. Kimberly-Clark had 59 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained the shares of KMB in report on Wednesday, April 19 with “” rating. The firm has “Hold” rating given on Friday, March 24 by RBC Capital Markets. On Friday, October 20 the stock rating was downgraded by JP Morgan to “Underweight”. B. Riley & Co maintained it with “Neutral” rating and $128 target in Monday, October 26 report. The firm has “Market Perform” rating given on Tuesday, November 15 by Wells Fargo. The stock of Kimberly-Clark Corporation (NYSE:KMB) earned “Hold” rating by RBC Capital Markets on Tuesday, August 1. As per Wednesday, October 26, the company rating was downgraded by CLSA. RBC Capital Markets maintained Kimberly-Clark Corporation (NYSE:KMB) rating on Friday, May 26. RBC Capital Markets has “Hold” rating and $12100 target. The stock has “Hold” rating by RBC Capital Markets on Thursday, September 7. The stock has “Neutral” rating by Citigroup on Tuesday, October 24.

Among 35 analysts covering Chevron Corporation (NYSE:CVX), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Chevron Corporation had 119 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Tuesday, October 3 by Jefferies. HSBC upgraded Chevron Corporation (NYSE:CVX) on Monday, June 5 to “Buy” rating. The rating was maintained by Cowen & Co on Tuesday, September 19 with “Buy”. BMO Capital Markets initiated the shares of CVX in report on Tuesday, September 13 with “Outperform” rating. The stock has “Market Perform” rating by BMO Capital Markets on Wednesday, October 18. The stock has “Sell” rating by RBC Capital Markets on Wednesday, December 20. RBC Capital Markets maintained it with “Sell” rating and $100.0 target in Friday, August 18 report. The stock of Chevron Corporation (NYSE:CVX) has “Buy” rating given on Friday, February 2 by Societe Generale. The firm has “Overweight” rating by Barclays Capital given on Tuesday, February 6. The rating was upgraded by JP Morgan on Friday, September 11 to “Overweight”.

Analysts await Chevron Corporation (NYSE:CVX) to report earnings on April, 27 before the open. They expect $1.48 earnings per share, up 4.96% or $0.07 from last year’s $1.41 per share. CVX’s profit will be $2.83 billion for 20.90 P/E if the $1.48 EPS becomes a reality. After $0.73 actual earnings per share reported by Chevron Corporation for the previous quarter, Wall Street now forecasts 102.74% EPS growth.

Johnson Investment Counsel Inc, which manages about $8.19 billion and $4.00B US Long portfolio, upped its stake in Nextera Energy Incorporated (NYSE:NEE) by 2,247 shares to 68,733 shares, valued at $10.74M in 2017Q4, according to the filing. It also increased its holding in Tjx Companies (NYSE:TJX) by 54,630 shares in the quarter, for a total of 649,159 shares, and has risen its stake in Medtronic Plc (NYSE:MDT).

Investors sentiment increased to 0.99 in Q4 2017. Its up 0.04, from 0.95 in 2017Q3. It improved, as 51 investors sold CVX shares while 686 reduced holdings. 122 funds opened positions while 608 raised stakes. 1.19 billion shares or 0.58% more from 1.18 billion shares in 2017Q3 were reported. Panagora Asset Management stated it has 865,283 shares or 0.41% of all its holdings. Ntv Asset Management Lc has 25,170 shares for 0.88% of their portfolio. Chemical Fincl Bank, Michigan-based fund reported 77,854 shares. Pacific Investment stated it has 23,363 shares. Denver Advisors Ltd Liability Corp reported 0.21% in Chevron Corporation (NYSE:CVX). Gofen Glossberg Ltd Liability Co Il stated it has 323,189 shares. Winfield Assocs accumulated 1,290 shares or 0.08% of the stock. Sun Life stated it has 18,424 shares. Livingston Gru Asset Management (Operating As Southport Cap Management) holds 2,880 shares. Ensemble Capital Management Ltd Liability Corporation has 0.15% invested in Chevron Corporation (NYSE:CVX) for 6,410 shares. Annex Advisory Serv Limited Liability Corp stated it has 0.13% in Chevron Corporation (NYSE:CVX). Walleye Trading Llc invested in 0.03% or 49,144 shares. Godshalk Welsh Incorporated has 1.6% invested in Chevron Corporation (NYSE:CVX) for 12,600 shares. Cibc Asset accumulated 254,831 shares. Kayne Anderson Rudnick Inv Management Ltd Liability Corp holds 58,625 shares or 0.06% of its portfolio.

Chevron Corporation (NYSE:CVX) Institutional Positions Chart

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