Envestnet Asset Management Inc. Buys 15,399 Shares of The Clorox Company (NYSE:CLX)

Envestnet Asset Management Inc. raised its holdings in The Clorox Company (NYSE:CLX - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 323,704 shares of the company's stock after buying an additional 15,399 shares during the quarter. Envestnet Asset Management Inc. owned 0.26% of Clorox worth $52,573,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Clorox during the 4th quarter valued at $259,041,000. ExodusPoint Capital Management LP increased its stake in Clorox by 187.9% in the fourth quarter. ExodusPoint Capital Management LP now owns 698,900 shares of the company's stock valued at $113,508,000 after purchasing an additional 456,114 shares in the last quarter. Amundi raised its holdings 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 during the period. Assenagon Asset Management S.A. boosted its position in shares of Clorox by 302.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 353,367 shares of the company's stock worth $57,390,000 after purchasing an additional 265,455 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Clorox in the 4th quarter valued at about $37,935,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CLX has been the topic of several recent research reports. Citigroup cut their price target on Clorox from $165.00 to $150.00 and set a "neutral" rating on the stock in a report on Monday. StockNews.com downgraded shares of Clorox from a "buy" rating to a "hold" rating in a research report on Sunday, January 5th. DA Davidson lowered their price objective on shares of Clorox from $171.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company decreased their target price on shares of Clorox from $155.00 to $145.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Evercore ISI lifted their price objective on shares of Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Clorox presently has an average rating of "Hold" and a consensus price target of $154.25.

Clorox Stock Performance

NYSE:CLX traded up $0.07 during trading hours on Wednesday, reaching $139.53. The stock had a trading volume of 136,287 shares, compared to its average volume of 1,451,583. The stock has a market cap of $17.19 billion, a P/E ratio of 38.12, a price-to-earnings-growth ratio of 2.62 and a beta of 0.61. The stock has a 50 day simple moving average of $147.13 and a 200 day simple moving average of $156.93. The company has a debt-to-equity ratio of 20.52, a quick ratio of 0.60 and a current ratio of 0.94. The Clorox Company has a 12-month low of $127.60 and a 12-month high of $171.37.

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, 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 period last year, the company posted $2.16 earnings per share. On average, research analysts forecast that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 23rd will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox's payout ratio is currently 133.33%.

Clorox 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.