The Clorox Company (NYSE:CLX) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co increased its holdings in The Clorox Company (NYSE:CLX - Free Report) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,886 shares of the company's stock after buying an additional 9,141 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.13% of Clorox worth $25,317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Brooklyn Investment Group boosted its position in Clorox by 163.8% during the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company's stock valued at $25,000 after purchasing an additional 95 shares in the last quarter. Redwood Park Advisors LLC bought a new stake in shares of Clorox in the 4th quarter valued at about $26,000. Millstone Evans Group LLC bought a new stake in shares of Clorox in the 4th quarter valued at about $31,000. Asset Planning Inc purchased a new position in shares of Clorox in the 4th quarter worth approximately $32,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in Clorox during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 78.53% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup reduced their price target on Clorox from $165.00 to $150.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Evercore ISI upped their target price on Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price target on Clorox from $173.00 to $151.00 and set a "neutral" rating for the company in a report on Friday, April 11th. DA Davidson dropped their price target on Clorox from $171.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Finally, Barclays decreased their price objective on shares of Clorox from $139.00 to $134.00 and set an "underweight" rating for the company in a research report on Friday, April 11th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $153.83.

Clorox Stock Performance

NYSE:CLX traded down $1.61 during mid-day trading on Thursday, hitting $137.50. The company's stock had a trading volume of 1,221,087 shares, compared to its average volume of 1,302,437. The business's fifty day moving average is $146.01 and its two-hundred day moving average is $155.99. The stock has a market cap of $16.94 billion, a price-to-earnings ratio of 37.57, a PEG ratio of 2.62 and a beta of 0.61. The Clorox Company has a 1 year low of $127.60 and a 1 year high of $171.37. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60.

Clorox (NYSE:CLX - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported $1.55 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. Analysts anticipate that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

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. This represents a $4.88 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Wednesday, April 23rd. Clorox's payout ratio is 133.33%.

Clorox Company Profile

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.