American Century Companies Inc. Sells 317,658 Shares of Kimberly-Clark Co. (NYSE:KMB)

American Century Companies Inc. cut its stake in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 8.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,367,125 shares of the company's stock after selling 317,658 shares during the period. American Century Companies Inc. owned about 1.01% of Kimberly-Clark worth $441,228,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Kimberly-Clark during the 4th quarter valued at about $25,000. Marshall Investment Management LLC bought a new position in Kimberly-Clark during the fourth quarter valued at approximately $25,000. Darwin Wealth Management LLC purchased a new position in shares of Kimberly-Clark during the third quarter worth approximately $29,000. Golden State Wealth Management LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter valued at $32,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Kimberly-Clark in the 4th quarter valued at $33,000. Institutional investors own 76.29% of the company's stock.

Kimberly-Clark Stock Up 1.9 %

Shares of NYSE:KMB traded up $2.54 during trading on Wednesday, hitting $139.53. The stock had a trading volume of 2,209,888 shares, compared to its average volume of 2,035,542. 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 Co. has a 12 month low of $123.84 and a 12 month high of $150.45. The company has a market capitalization of $46.28 billion, a PE ratio of 18.48, a PEG ratio of 4.46 and a beta of 0.36. The firm's fifty day moving average is $135.30 and its 200 day moving average is $136.04.

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

Kimberly-Clark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be paid a dividend of $1.26 per share. 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. This represents a $5.04 dividend on an annualized basis and a dividend yield of 3.61%. Kimberly-Clark's dividend payout ratio (DPR) is currently 66.75%.

Analyst Ratings Changes

Several research firms have weighed in on KMB. Barclays lowered their price target on shares of Kimberly-Clark from $144.00 to $132.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Piper Sandler reaffirmed an "overweight" rating and issued a $158.00 price target (down from $161.00) on shares of Kimberly-Clark in a research note on Wednesday, January 29th. TD Cowen downgraded Kimberly-Clark from a "buy" rating to a "hold" rating and set a $145.00 price objective for the company. in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut their target price on shares of Kimberly-Clark from $140.00 to $124.00 and set an "underweight" rating on the stock in a report on Thursday, January 16th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $143.64.

Insider Activity

In other news, VP Andrew Drexler sold 10,838 shares of Kimberly-Clark stock in a transaction dated 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 owns 7,720 shares of the company's stock, valued at $1,088,520. The trade was a 58.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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.