Main Street Financial Solutions LLC Trims Position in Kimberly-Clark Co. (NYSE:KMB)

Main Street Financial Solutions LLC reduced its position in Kimberly-Clark Co. (NYSE:KMB) by 17.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,750 shares of the company’s stock after selling 566 shares during the period. Main Street Financial Solutions LLC’s holdings in Kimberly-Clark were worth $391,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. CX Institutional increased its stake in shares of Kimberly-Clark by 1.2% during the 2nd quarter. CX Institutional now owns 5,968 shares of the company’s stock worth $825,000 after purchasing an additional 71 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in shares of Kimberly-Clark by 0.9% during the 3rd quarter. Wesbanco Bank Inc. now owns 7,739 shares of the company’s stock worth $1,101,000 after acquiring an additional 71 shares in the last quarter. My Legacy Advisors LLC raised its stake in shares of Kimberly-Clark by 4.6% in the 3rd quarter. My Legacy Advisors LLC now owns 1,741 shares of the company’s stock valued at $248,000 after acquiring an additional 76 shares in the last quarter. Graypoint LLC lifted its holdings in Kimberly-Clark by 1.5% in the 3rd quarter. Graypoint LLC now owns 5,315 shares of the company’s stock worth $756,000 after purchasing an additional 78 shares during the last quarter. Finally, Equitable Trust Co. boosted its position in Kimberly-Clark by 0.9% during the second quarter. Equitable Trust Co. now owns 9,066 shares of the company’s stock worth $1,253,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KMB. JPMorgan Chase & Co. decreased their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Kimberly-Clark in a research report on Wednesday, October 23rd. UBS Group dropped their price objective on Kimberly-Clark from $153.00 to $151.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. TD Cowen began coverage on Kimberly-Clark in a research note on Tuesday, July 23rd. They set a “buy” rating and a $161.00 target price for the company. Finally, Wells Fargo & Company dropped their price target on Kimberly-Clark from $138.00 to $134.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $149.93.

Kimberly-Clark Stock Down 0.4 %

NYSE KMB opened at $131.68 on Friday. Kimberly-Clark Co. has a 1-year low of $117.67 and a 1-year high of $149.30. The company has a market capitalization of $43.91 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 2.77 and a beta of 0.40. The stock’s 50 day moving average is $140.08 and its two-hundred day moving average is $139.18. The company has a current ratio of 0.83, a quick ratio of 0.55 and a debt-to-equity ratio of 4.77.

Kimberly-Clark (NYSE:KMB) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion for the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. Kimberly-Clark’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.74 EPS. Equities analysts forecast that Kimberly-Clark Co. will post 7.27 earnings per share for the current fiscal year.

Kimberly-Clark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 6th will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, December 6th. Kimberly-Clark’s payout ratio is currently 63.29%.

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.