Elo Mutual Pension Insurance Co Increases Position in The Clorox Company (NYSE:CLX)

Elo Mutual Pension Insurance Co increased its stake in shares of The Clorox Company (NYSE:CLX - Free Report) by 21.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,396 shares of the company's stock after purchasing an additional 2,365 shares during the period. Elo Mutual Pension Insurance Co's holdings in Clorox were worth $2,176,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Clorox by 5.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 229,291 shares of the company's stock valued at $37,349,000 after acquiring an additional 11,953 shares during the period. TrueMark Investments LLC grew its holdings in Clorox by 1,788.5% during the fourth quarter. TrueMark Investments LLC now owns 33,709 shares of the company's stock valued at $5,475,000 after purchasing an additional 31,924 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in Clorox by 44.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 244,129 shares of the company's stock worth $39,649,000 after buying an additional 74,750 shares in the last quarter. CoreFirst Bank & Trust bought a new position in shares of Clorox in the fourth quarter worth about $105,000. Finally, ICW Investment Advisors LLC lifted its position in shares of Clorox by 1.4% during the 4th quarter. ICW Investment Advisors LLC now owns 10,155 shares of the company's stock valued at $1,649,000 after buying an additional 141 shares in the last quarter. Institutional investors own 78.53% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CLX shares. Barclays decreased their target price on shares of Clorox from $140.00 to $139.00 and set an "underweight" rating on the stock in a research note on Thursday, March 27th. Evercore ISI raised their price objective on shares of Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. JPMorgan Chase & Co. upped their target price on shares of Clorox from $171.00 to $173.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Wells Fargo & Company decreased their price target on Clorox from $161.00 to $155.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, StockNews.com lowered Clorox from a "buy" rating to a "hold" rating in a research note on Sunday, January 5th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $159.00.

Clorox Price Performance

Clorox stock traded up $2.20 during mid-day trading on Thursday, reaching $149.82. 224,509 shares of the company's stock traded hands, compared to its average volume of 1,429,098. The Clorox Company has a 12-month low of $127.60 and a 12-month high of $171.37. The company has a market cap of $18.46 billion, a price-to-earnings ratio of 40.93, a PEG ratio of 2.62 and a beta of 0.45. The stock has a 50 day moving average of $150.61 and a two-hundred day moving average of $158.66. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52.

Clorox (NYSE:CLX - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.16. Clorox had a net margin of 6.38% and a return on equity of 316.87%. During the same period in the prior year, the business posted $2.16 earnings per share. Equities analysts forecast that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Dividend Announcement

The company also recently disclosed 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 3.26%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox's dividend payout ratio (DPR) 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.