Lecap Asset Management Ltd. bought a new stake in The Clorox Company (NYSE:CLX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,911 shares of the company's stock, valued at approximately $473,000.
Several other institutional investors and hedge funds also recently made changes to their positions in CLX. Czech National Bank lifted its holdings in Clorox by 6.6% during the 3rd quarter. Czech National Bank now owns 25,232 shares of the company's stock worth $4,111,000 after purchasing an additional 1,567 shares in the last quarter. Wealth Group Ltd. purchased a new stake in shares of Clorox in the third quarter worth about $231,000. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Clorox by 256.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,112 shares of the company's stock valued at $181,000 after acquiring an additional 800 shares during the period. Valeo Financial Advisors LLC grew its stake in Clorox by 8.0% during the third quarter. Valeo Financial Advisors LLC now owns 3,710 shares of the company's stock valued at $604,000 after acquiring an additional 276 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its holdings in Clorox by 3.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 8,589 shares of the company's stock worth $1,399,000 after acquiring an additional 252 shares during the period. Institutional investors own 78.53% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Evercore ISI raised their price target on shares of Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. Wells Fargo & Company raised their target price on shares of Clorox from $157.00 to $161.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. StockNews.com cut shares of Clorox from a "buy" rating to a "hold" rating in a research note on Sunday, January 5th. Barclays raised their price objective on shares of Clorox from $130.00 to $140.00 and gave the company an "underweight" rating in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $150.00 target price on shares of Clorox in a research report on Thursday, January 30th. Four 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $158.21.
View Our Latest Analysis on Clorox
Clorox Trading Up 0.2 %
Clorox stock traded up $0.30 during trading hours on Wednesday, reaching $148.66. The stock had a trading volume of 842,689 shares, compared to its average volume of 1,340,792. The stock has a market cap of $18.40 billion, a PE ratio of 40.62, a PEG ratio of 2.52 and a beta of 0.42. The company has a fifty day simple moving average of $160.30 and a 200-day simple moving average of $159.26. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.62. The Clorox Company has a 52 week low of $127.60 and a 52 week high of $171.37.
Clorox (NYSE:CLX - Get Free Report) last released 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 return on equity of 316.87% and a net margin of 6.38%. During the same quarter last year, the business posted $2.16 earnings per share. Analysts forecast that The Clorox Company will post 7.15 EPS for the current fiscal year.
Clorox Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Wednesday, January 29th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, January 29th. Clorox's payout ratio is currently 133.33%.
About Clorox
(
Free Report)
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.
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