iA Global Asset Management Inc. Makes New Investment in The Clorox Company (NYSE:CLX)

iA Global Asset Management Inc. bought a new stake in shares of The Clorox Company (NYSE:CLX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 17,042 shares of the company's stock, valued at approximately $2,768,000.

Several other hedge funds also recently modified their holdings of CLX. Advisors Asset Management Inc. lifted its holdings in Clorox by 43.4% in the third quarter. Advisors Asset Management Inc. now owns 29,865 shares of the company's stock valued at $4,865,000 after buying an additional 9,037 shares during the period. Natixis Advisors LLC lifted its stake in shares of Clorox by 8.3% in the 3rd quarter. Natixis Advisors LLC now owns 63,476 shares of the company's stock valued at $10,341,000 after purchasing an additional 4,839 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Clorox by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 723,906 shares of the company's stock worth $117,932,000 after purchasing an additional 13,038 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Clorox by 26.3% during the third quarter. Public Employees Retirement System of Ohio now owns 59,766 shares of the company's stock worth $9,736,000 after purchasing an additional 12,428 shares during the period. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Clorox during the fourth quarter worth $204,000. Institutional investors own 78.53% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CLX. Barclays raised their target price on Clorox from $130.00 to $140.00 and gave the stock an "underweight" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price objective on shares of Clorox from $171.00 to $173.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $150.00 target price on shares of Clorox in a research note on Thursday, January 30th. Wells Fargo & Company lifted their price target on shares of Clorox from $157.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Finally, StockNews.com lowered shares of Clorox from a "buy" rating to a "hold" rating in a report on Sunday, January 5th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $159.62.

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Clorox Stock Down 1.5 %

CLX stock traded down $2.11 during midday trading on Tuesday, hitting $141.80. The company's stock had a trading volume of 1,556,338 shares, compared to its average volume of 1,210,271. The company's fifty day moving average price is $152.57 and its 200 day moving average price is $159.59. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The stock has a market capitalization of $17.47 billion, a P/E ratio of 38.74, a PEG ratio of 2.62 and a beta of 0.45.

Clorox (NYSE:CLX - Get Free Report) last released its earnings results 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 firm earned $2.16 EPS. As a group, equities research analysts predict that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 23rd will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.88 dividend on an annualized basis and a yield of 3.44%. Clorox's payout ratio 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.