Main Street Financial Solutions LLC Has $458,000 Stake in Kimberly-Clark Co. (NYSE:KMB)

Main Street Financial Solutions LLC boosted its position in shares of Kimberly-Clark Co. (NYSE:KMB) by 9.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,316 shares of the company’s stock after buying an additional 281 shares during the period. Main Street Financial Solutions LLC’s holdings in Kimberly-Clark were worth $458,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KMB. Norges Bank acquired a new stake in Kimberly-Clark during the fourth quarter worth about $437,420,000. Price T Rowe Associates Inc. MD grew its stake in Kimberly-Clark by 19.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,893,146 shares of the company’s stock worth $762,279,000 after buying an additional 944,920 shares in the last quarter. Capital World Investors grew its stake in Kimberly-Clark by 23.8% during the fourth quarter. Capital World Investors now owns 1,926,702 shares of the company’s stock worth $234,114,000 after buying an additional 370,094 shares in the last quarter. KBC Group NV grew its stake in Kimberly-Clark by 277.9% during the fourth quarter. KBC Group NV now owns 472,934 shares of the company’s stock worth $57,466,000 after buying an additional 347,778 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in Kimberly-Clark by 32.1% during the second quarter. Acadian Asset Management LLC now owns 1,360,883 shares of the company’s stock worth $188,040,000 after buying an additional 330,327 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kimberly-Clark

In other Kimberly-Clark news, insider Gonzalo Uribe sold 1,780 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Gonzalo Uribe sold 1,780 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $140.84, for a total transaction of $250,695.20. Following the completion of the sale, the insider now owns 7,377 shares of the company’s stock, valued at approximately $1,038,976.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Melucci sold 37,699 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $141.42, for a total transaction of $5,331,392.58. Following the sale, the insider now directly owns 19,935 shares of the company’s stock, valued at approximately $2,819,207.70. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $143.52 on Friday. The company has a market capitalization of $48.34 billion, a PE ratio of 26.38, a P/E/G ratio of 3.04 and a beta of 0.39. The company has a 50 day simple moving average of $142.18 and a two-hundred day simple moving average of $135.33. The company has a debt-to-equity ratio of 5.59, a quick ratio of 0.58 and a current ratio of 0.85. Kimberly-Clark Co. has a fifty-two week low of $116.32 and a fifty-two week high of $149.30.

Kimberly-Clark (NYSE:KMB) last released its earnings results on Tuesday, July 23rd. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.25. The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.10 billion. Kimberly-Clark had a net margin of 11.28% and a return on equity of 223.55%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 EPS. Research analysts anticipate that Kimberly-Clark Co. will post 7.25 earnings per share for the current year.

Kimberly-Clark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 6th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Friday, September 6th. Kimberly-Clark’s dividend payout ratio is presently 89.71%.

Analysts Set New Price Targets

A number of research analysts have recently commented on KMB shares. BNP Paribas started coverage on shares of Kimberly-Clark in a report on Monday, June 24th. They issued a “neutral” rating and a $146.00 target price for the company. Deutsche Bank Aktiengesellschaft increased their target price on shares of Kimberly-Clark from $139.00 to $142.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Wells Fargo & Company dropped their target price on shares of Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. increased their target price on shares of Kimberly-Clark from $123.00 to $135.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd. Finally, Argus raised shares of Kimberly-Clark to a “hold” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $145.67.

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.