Advisors Asset Management Inc. Purchases 4,904 Shares of Kimberly-Clark Co. (NYSE:KMB)

Advisors Asset Management Inc. raised its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 11.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,356 shares of the company's stock after acquiring an additional 4,904 shares during the quarter. Advisors Asset Management Inc.'s holdings in Kimberly-Clark were worth $6,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Kimberly-Clark during the fourth quarter valued at $25,000. Marshall Investment Management LLC bought a new stake in Kimberly-Clark during the 4th quarter worth about $25,000. Darwin Wealth Management LLC acquired a new position in Kimberly-Clark during the 3rd quarter valued at about $29,000. Golden State Wealth Management LLC bought a new position in shares of Kimberly-Clark in the 4th quarter valued at about $32,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Kimberly-Clark during the 4th quarter worth approximately $33,000. 76.29% of the stock is owned by institutional investors.

Insider Activity at Kimberly-Clark

In other Kimberly-Clark news, VP Andrew Drexler sold 10,838 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was 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 in the company, valued at $1,088,520. This trade 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 is available through this link. 0.64% of the stock is owned by company insiders.

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Kimberly-Clark Stock Down 0.7 %

Kimberly-Clark stock traded down $0.91 during midday trading on Monday, reaching $137.76. The stock had a trading volume of 1,979,707 shares, compared to its average volume of 2,039,461. The stock has a market capitalization of $45.69 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 4.46 and a beta of 0.36. The firm's fifty day simple moving average is $134.84 and its 200-day simple moving average is $136.18. 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 1-year low of $123.84 and a 1-year high of $150.45.

Kimberly-Clark (NYSE:KMB - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.50 earnings per share (EPS) 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, analysts expect that Kimberly-Clark Co. will post 7.5 EPS for the current fiscal year.

Kimberly-Clark Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a $1.26 dividend. This is a boost from Kimberly-Clark's previous quarterly dividend of $1.22. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.04 annualized dividend and a dividend yield of 3.66%. Kimberly-Clark's dividend payout ratio (DPR) is presently 66.75%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. TD Cowen cut shares of Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price objective on the stock. in a research note on Wednesday, January 8th. Barclays reduced their price target on Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Citigroup dropped their price objective on Kimberly-Clark from $125.00 to $118.00 and set a "sell" rating for the company in a report on Wednesday, January 15th. Piper Sandler reissued an "overweight" rating and issued a $158.00 target price (down previously from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $165.00 target price on shares of Kimberly-Clark in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $143.64.

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.