Brown Brothers Harriman & Co. Has $4.70 Million Stock Holdings in Kimberly-Clark Co. (NYSE:KMB)

Brown Brothers Harriman & Co. grew its position in Kimberly-Clark Co. (NYSE:KMB) by 0.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 35,867 shares of the company’s stock after purchasing an additional 148 shares during the period. Brown Brothers Harriman & Co.’s holdings in Kimberly-Clark were worth $4,700,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Investment Management LLC bought a new stake in Kimberly-Clark during the 4th quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Kimberly-Clark during the 4th quarter worth approximately $25,000. Roxbury Financial LLC bought a new stake in shares of Kimberly-Clark during the fourth quarter worth approximately $33,000. Golden State Wealth Management LLC acquired a new position in Kimberly-Clark in the fourth quarter valued at approximately $32,000. Finally, Synergy Asset Management LLC bought a new position in Kimberly-Clark in the fourth quarter valued at approximately $35,000. Institutional investors own 76.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KMB shares. JPMorgan Chase & Co. cut their price target on Kimberly-Clark from $140.00 to $124.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Piper Sandler restated an “overweight” rating and set a $158.00 price objective (down previously from $161.00) on shares of Kimberly-Clark in a report on Wednesday, January 29th. Barclays increased their target price on shares of Kimberly-Clark from $138.00 to $144.00 and gave the stock an “equal weight” rating in a report on Thursday. Citigroup decreased their price target on shares of Kimberly-Clark from $125.00 to $118.00 and set a “sell” rating for the company in a report on Wednesday, January 15th. Finally, StockNews.com raised Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Kimberly-Clark has an average rating of “Hold” and a consensus target price of $144.85.

Kimberly-Clark Price Performance

NYSE KMB opened at $140.73 on Friday. Kimberly-Clark Co. has a 12-month low of $123.84 and a 12-month high of $150.45. The firm’s 50 day moving average is $136.12 and its 200-day moving average is $135.98. The company has a market capitalization of $46.67 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The company has a quick ratio of 0.54, a current ratio of 0.80 and a debt-to-equity ratio of 7.05.

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

Kimberly-Clark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a $1.26 dividend. This represents a $5.04 dividend on an annualized basis and a yield of 3.58%. This is an increase from Kimberly-Clark’s previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. Kimberly-Clark’s dividend payout ratio (DPR) is currently 66.75%.

Insiders Place Their Bets

In related news, VP Andrew Drexler sold 10,838 shares of the firm’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 completion of the transaction, the vice president now directly owns 7,720 shares of the company’s stock, valued at approximately $1,088,520. This trade represents a 58.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.