Federated Hermes Inc. Acquires 13,037 Shares of Kimberly-Clark Co. (NYSE:KMB)

Federated Hermes Inc. boosted its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 351,692 shares of the company's stock after acquiring an additional 13,037 shares during the period. Federated Hermes Inc. owned 0.11% of Kimberly-Clark worth $50,018,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its position in Kimberly-Clark by 74.1% in the 4th quarter. Brighton Jones LLC now owns 6,494 shares of the company's stock valued at $851,000 after purchasing an additional 2,765 shares during the period. Wellington Management Group LLP increased its position in shares of Kimberly-Clark by 36.5% during the 4th quarter. Wellington Management Group LLP now owns 28,884 shares of the company's stock valued at $3,785,000 after purchasing an additional 7,729 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Kimberly-Clark by 8.5% during the 4th quarter. Alliancebernstein L.P. now owns 430,724 shares of the company's stock valued at $56,442,000 after purchasing an additional 33,772 shares during the last quarter. Summit Financial LLC increased its holdings in Kimberly-Clark by 25.6% in the 4th quarter. Summit Financial LLC now owns 6,286 shares of the company's stock worth $831,000 after acquiring an additional 1,282 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Kimberly-Clark by 14.1% in the 4th quarter. Franklin Resources Inc. now owns 477,063 shares of the company's stock worth $62,514,000 after acquiring an additional 58,793 shares during the last quarter. 76.29% of the stock is currently owned by institutional investors.

Kimberly-Clark Stock Up 4.8%

Shares of NYSE KMB traded up $6.02 during mid-day trading on Friday, hitting $130.64. 5,386,649 shares of the stock traded hands, compared to its average volume of 2,321,086. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.54 and a current ratio of 0.80. Kimberly-Clark Co. has a 52 week low of $124.10 and a 52 week high of $150.45. The company has a market cap of $43.35 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 4.46 and a beta of 0.35. The stock has a fifty day moving average price of $131.78 and a 200-day moving average price of $134.53.

Kimberly-Clark (NYSE:KMB - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.67 by $0.25. Kimberly-Clark had a return on equity of 201.43% and a net margin of 12.69%. The firm's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.96 EPS. Research analysts anticipate that Kimberly-Clark Co. will post 7.5 EPS for the current year.

Kimberly-Clark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, September 5th will be given a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.9%. Kimberly-Clark's payout ratio is 68.66%.

Analysts Set New Price Targets

KMB has been the subject of several recent research reports. Piper Sandler assumed coverage on Kimberly-Clark in a report on Friday, July 18th. They issued an "overweight" rating and a $144.00 price objective for the company. Royal Bank Of Canada dropped their price target on Kimberly-Clark from $165.00 to $162.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen cut Kimberly-Clark from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. UBS Group decreased their price objective on Kimberly-Clark from $146.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 17th. Finally, Barclays decreased their price target on Kimberly-Clark from $135.00 to $134.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $140.90.

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.