Mariner LLC Has $14.36 Million Stake in The Clorox Company (NYSE:CLX)

Mariner LLC cut its stake in shares of The Clorox Company (NYSE:CLX - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,391 shares of the company's stock after selling 2,394 shares during the quarter. Mariner LLC owned approximately 0.07% of Clorox worth $14,356,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CLX. California Public Employees Retirement System lifted its holdings in shares of Clorox by 1.3% in the 4th quarter. California Public Employees Retirement System now owns 565,810 shares of the company's stock worth $91,893,000 after purchasing an additional 6,987 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in Clorox during the fourth quarter worth $204,000. Apollon Wealth Management LLC lifted its stake in shares of Clorox by 119.6% in the fourth quarter. Apollon Wealth Management LLC now owns 3,364 shares of the company's stock valued at $546,000 after buying an additional 1,832 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of Clorox during the fourth quarter valued at about $1,566,000. Finally, SG Americas Securities LLC increased its position in shares of Clorox by 489.2% during the fourth quarter. SG Americas Securities LLC now owns 115,252 shares of the company's stock worth $18,718,000 after acquiring an additional 95,691 shares in the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Evercore ISI lifted their price target on Clorox from $145.00 to $155.00 in a research note on Tuesday, February 4th. Wells Fargo & Company cut their target price on Clorox from $155.00 to $145.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Barclays lowered their price target on Clorox from $139.00 to $134.00 and set an "underweight" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. cut their price objective on shares of Clorox from $173.00 to $151.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Citigroup lowered their target price on shares of Clorox from $165.00 to $150.00 and set a "neutral" rating for the company in a report on Monday. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $153.83.

Clorox Stock Up 2.0 %

CLX opened at $139.60 on Friday. The company's 50-day moving average price is $146.74 and its two-hundred day moving average price is $156.63. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The stock has a market cap of $17.20 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.62 and a beta of 0.61.

Clorox (NYSE:CLX - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating 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 earnings per share. As a group, equities analysts expect that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.50%. The ex-dividend date is Wednesday, April 23rd. Clorox's dividend payout ratio (DPR) is presently 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.

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