Y Intercept Hong Kong Ltd Acquires New Position in The Clorox Company (NYSE:CLX)

Y Intercept Hong Kong Ltd purchased a new position in shares of The Clorox Company (NYSE:CLX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,756 shares of the company's stock, valued at approximately $285,000.

Other large investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new position in Clorox during the third quarter worth $54,000. Los Angeles Capital Management LLC increased its position in shares of Clorox by 5.6% during the third quarter. Los Angeles Capital Management LLC now owns 191,919 shares of the company's stock worth $31,266,000 after acquiring an additional 10,149 shares during the period. Advisors Asset Management Inc. increased its position in shares of Clorox by 43.4% during the third quarter. Advisors Asset Management Inc. now owns 29,865 shares of the company's stock worth $4,865,000 after acquiring an additional 9,037 shares during the period. Natixis Advisors LLC increased its position in shares of Clorox by 8.3% during the third quarter. Natixis Advisors LLC now owns 63,476 shares of the company's stock worth $10,341,000 after acquiring an additional 4,839 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Clorox by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 723,906 shares of the company's stock worth $117,932,000 after acquiring an additional 13,038 shares during the period. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CLX shares. Wells Fargo & Company upped their price objective on Clorox from $157.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price objective on Clorox from $171.00 to $173.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $150.00 price objective on shares of Clorox in a research report on Thursday, January 30th. StockNews.com lowered Clorox from a "buy" rating to a "hold" rating in a report on Sunday, January 5th. Finally, DA Davidson dropped their target price on Clorox from $171.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, Clorox currently has a consensus rating of "Hold" and a consensus price target of $159.62.

Remove Ads

Clorox Stock Performance

Shares of CLX stock traded up $2.74 during mid-day trading on Friday, hitting $151.11. 3,211,445 shares of the stock were exchanged, compared to its average volume of 1,468,197. The stock's fifty day simple moving average is $155.65 and its two-hundred day simple moving average is $160.34. The stock has a market capitalization of $18.61 billion, a price-to-earnings ratio of 41.29, a P/E/G ratio of 2.62 and a beta of 0.42. The Clorox Company has a 12-month low of $127.60 and a 12-month high of $171.37. The company has a debt-to-equity ratio of 20.52, a quick ratio of 0.60 and a current ratio of 0.94.

Clorox (NYSE:CLX - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.16. Clorox had a return on equity of 316.87% and a net margin of 6.38%. During the same quarter last year, the business earned $2.16 EPS. On average, analysts forecast that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $1.22 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.88 annualized dividend and a dividend yield of 3.23%. Clorox's dividend payout ratio (DPR) is 133.33%.

About Clorox

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.