Main Street Financial Solutions LLC Purchases 435 Shares of Kimberly-Clark Co. (NYSE:KMB)

Main Street Financial Solutions LLC boosted its position in Kimberly-Clark Co. (NYSE:KMB) by 15.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,185 shares of the company’s stock after purchasing an additional 435 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Kimberly-Clark were worth $417,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Kimberly-Clark in the fourth quarter valued at about $25,000. Marshall Investment Management LLC bought a new stake in Kimberly-Clark in the 4th quarter valued at about $25,000. Golden State Wealth Management LLC acquired a new position in shares of Kimberly-Clark during the 4th quarter worth approximately $32,000. Strategic Financial Concepts LLC bought a new position in shares of Kimberly-Clark during the fourth quarter worth approximately $33,000. Finally, Roxbury Financial LLC acquired a new stake in shares of Kimberly-Clark in the fourth quarter valued at approximately $33,000. 76.29% of the stock is owned by institutional investors and hedge funds.

Kimberly-Clark Stock Performance

NYSE KMB opened at $142.68 on Friday. Kimberly-Clark Co. has a fifty-two week low of $124.10 and a fifty-two week high of $150.45. The stock has a market cap of $47.32 billion, a PE ratio of 18.90, a PEG ratio of 4.46 and a beta of 0.37. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. The firm’s fifty day moving average price is $139.34 and its two-hundred day moving average price is $135.75.

Kimberly-Clark (NYSE:KMB) last issued its earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. On average, equities analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were issued a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Friday, March 7th. This is a positive change from Kimberly-Clark’s previous quarterly dividend of $1.22. Kimberly-Clark’s dividend payout ratio (DPR) is 66.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Barclays raised their price objective on Kimberly-Clark from $138.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 27th. Wells Fargo & Company boosted their price target on Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, March 28th. JPMorgan Chase & Co. increased their price objective on shares of Kimberly-Clark from $124.00 to $131.00 and gave the stock an “underweight” rating in a research note on Friday, April 11th. UBS Group boosted their target price on shares of Kimberly-Clark from $134.00 to $146.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $165.00 price target on shares of Kimberly-Clark in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $146.31.

Insider Buying and Selling

In other news, VP Andrew Drexler sold 10,838 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the completion of the transaction, the vice president now owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is owned by corporate insiders.

Kimberly-Clark Company Profile

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.