The Clorox Company (NYSE:CLX) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp grew its stake in shares of The Clorox Company (NYSE:CLX - Free Report) by 15.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,572 shares of the company's stock after purchasing an additional 6,345 shares during the quarter. Cibc World Markets Corp's holdings in Clorox were worth $7,889,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Ilex Capital Partners UK LLP grew its holdings in Clorox by 512.7% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 542,110 shares of the company's stock worth $88,315,000 after acquiring an additional 453,624 shares in the last quarter. Amundi boosted its stake in shares of Clorox by 42.6% during the fourth quarter. Amundi now owns 1,032,283 shares of the company's stock valued at $165,816,000 after purchasing an additional 308,234 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Clorox by 302.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 353,367 shares of the company's stock valued at $57,390,000 after buying an additional 265,455 shares during the period. State Street Corp raised its stake in Clorox by 3.1% in the third quarter. State Street Corp now owns 8,182,109 shares of the company's stock worth $1,332,947,000 after buying an additional 245,525 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Clorox during the fourth quarter worth $37,935,000. 78.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CLX has been the subject of several recent research reports. DA Davidson reduced their price target on Clorox from $171.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Barclays lifted their target price on Clorox from $130.00 to $140.00 and gave the company an "underweight" rating in a research note on Wednesday, February 5th. StockNews.com lowered shares of Clorox from a "buy" rating to a "hold" rating in a research report on Sunday, January 5th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $150.00 price objective on shares of Clorox in a research report on Thursday, January 30th. Finally, Wells Fargo & Company boosted their price objective on shares of Clorox from $157.00 to $161.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 4th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $159.62.

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Clorox Stock Performance

Shares of NYSE:CLX traded down $0.46 on Friday, hitting $144.88. 1,553,392 shares of the company were exchanged, compared to its average volume of 1,211,967. The firm has a market capitalization of $17.85 billion, a P/E ratio of 39.58, a price-to-earnings-growth ratio of 2.62 and a beta of 0.45. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52. The Clorox Company has a 1-year low of $127.60 and a 1-year high of $171.37. The stock's 50 day moving average price is $152.84 and its 200 day moving average price is $159.78.

Clorox (NYSE:CLX - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period last year, the business posted $2.16 earnings per share. Sell-side analysts predict that The Clorox Company will post 7.15 EPS for the current year.

Clorox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Wednesday, April 23rd. Clorox's dividend payout ratio is presently 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.