Main Street Financial Solutions LLC Has $417,000 Stake in Kimberly-Clark Co. (NYSE:KMB)

Main Street Financial Solutions LLC grew its holdings in shares of Kimberly-Clark Co. (NYSE:KMB) by 15.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,185 shares of the company’s stock after acquiring 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 quarter.

Several other hedge funds have also recently made changes to their positions in the business. Regal Investment Advisors LLC raised its holdings in shares of Kimberly-Clark by 4.3% during the fourth quarter. Regal Investment Advisors LLC now owns 32,723 shares of the company’s stock valued at $4,288,000 after purchasing an additional 1,343 shares during the period. Ontario Teachers Pension Plan Board raised its stake in Kimberly-Clark by 36.8% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 26,208 shares of the company’s stock worth $3,434,000 after buying an additional 7,047 shares during the period. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Kimberly-Clark during the 4th quarter worth approximately $2,739,000. Canada Post Corp Registered Pension Plan bought a new position in shares of Kimberly-Clark in the 4th quarter worth $704,000. Finally, Promethos Capital LLC bought a new stake in Kimberly-Clark during the 4th quarter valued at $3,530,000. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

Kimberly-Clark stock opened at $142.68 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. The business’s 50 day simple moving average is $139.34 and its 200 day simple moving average is $135.75. Kimberly-Clark Co. has a 12 month low of $124.10 and a 12 month high of $150.45. The company has a market cap of $47.32 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 4.46 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. Sell-side analysts forecast that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Increases Dividend

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

Insider Buying and Selling

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.00, for a total transaction of $1,528,158.00. Following the sale, the vice president now owns 7,720 shares in the company, valued at $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.64% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Citigroup dropped their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating on the stock in a research report on Wednesday, January 15th. TD Cowen downgraded shares of Kimberly-Clark from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a report on Wednesday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $165.00 target price on shares of Kimberly-Clark in a report on Thursday. Piper Sandler restated an “overweight” rating and set a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Finally, Wells Fargo & Company increased their price objective on shares of Kimberly-Clark from $130.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, March 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $146.31.

Kimberly-Clark 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.