Kimberly-Clark Co. (NYSE:KMB) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 338,655 shares of the company's stock after purchasing an additional 5,566 shares during the quarter. Federated Hermes Inc. owned approximately 0.10% of Kimberly-Clark worth $44,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Janus Henderson Group PLC raised its holdings in Kimberly-Clark by 4.2% during the third quarter. Janus Henderson Group PLC now owns 47,338 shares of the company's stock valued at $6,735,000 after acquiring an additional 1,900 shares during the period. Quarry LP increased its stake in Kimberly-Clark by 215.2% during the third quarter. Quarry LP now owns 394 shares of the company's stock worth $56,000 after acquiring an additional 269 shares during the last quarter. EP Wealth Advisors LLC increased its position in shares of Kimberly-Clark by 24.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 20,812 shares of the company's stock valued at $2,961,000 after purchasing an additional 4,028 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Kimberly-Clark by 8.8% in the third quarter. Orion Portfolio Solutions LLC now owns 32,390 shares of the company's stock valued at $4,608,000 after acquiring an additional 2,614 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Kimberly-Clark in the 3rd quarter worth about $908,000. 76.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KMB has been the subject of a number of recent analyst reports. Barclays boosted their price objective on Kimberly-Clark from $138.00 to $144.00 and gave the company an "equal weight" rating in a report on Thursday, March 27th. Royal Bank of Canada restated an "outperform" rating and issued a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Wells Fargo & Company raised their price target on shares of Kimberly-Clark from $130.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Friday, March 28th. TD Cowen downgraded shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 target price on the stock. in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. boosted their price target on Kimberly-Clark from $124.00 to $131.00 and gave the company an "underweight" rating in a report on Friday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Kimberly-Clark currently has an average rating of "Hold" and a consensus target price of $145.38.

Kimberly-Clark Stock Up 1.7 %

Shares of KMB traded up $2.28 during midday trading on Friday, hitting $139.77. 1,721,534 shares of the company's stock traded hands, compared to its average volume of 2,149,010. The firm's fifty day moving average is $138.39 and its 200-day moving average is $135.68. The company has a current ratio of 0.80, a quick ratio of 0.54 and a debt-to-equity ratio of 7.05. Kimberly-Clark Co. has a 1 year low of $124.10 and a 1 year high of $150.45. The stock has a market capitalization of $46.35 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 4.46 and a beta of 0.37.

Kimberly-Clark (NYSE:KMB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share for the quarter, meeting analysts' consensus estimates of $1.50. Kimberly-Clark had a net margin of 12.69% and a return on equity of 201.43%. As a group, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.5 earnings per share for the current year.

Kimberly-Clark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were paid a dividend of $1.26 per share. This represents a $5.04 annualized dividend and a yield of 3.61%. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date was Friday, March 7th. Kimberly-Clark's payout ratio is presently 66.75%.

Insider Activity

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.00, for a total value of $1,528,158.00. Following the sale, the vice president now directly owns 7,720 shares of the company's stock, valued at approximately $1,088,520. This represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.64% of the company's stock.

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.