F M Investments LLC Has $2.45 Million Stock Position in The Clorox Company (NYSE:CLX)

F M Investments LLC raised its position in shares of The Clorox Company (NYSE:CLX - Free Report) by 17.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,063 shares of the company's stock after acquiring an additional 2,291 shares during the quarter. F M Investments LLC's holdings in Clorox were worth $2,446,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Norges Bank purchased a new position in Clorox in the fourth quarter valued at approximately $259,041,000. FMR LLC grew its position in Clorox by 75.4% during the fourth quarter. FMR LLC now owns 1,361,758 shares of the company's stock worth $221,163,000 after buying an additional 585,526 shares in the last quarter. ExodusPoint Capital Management LP grew its stake in Clorox by 187.9% in the 4th quarter. ExodusPoint Capital Management LP now owns 698,900 shares of the company's stock worth $113,508,000 after buying an additional 456,114 shares in the last quarter. Amundi lifted its position in Clorox by 42.6% in the 4th quarter. Amundi now owns 1,032,283 shares of the company's stock worth $165,816,000 after buying an additional 308,234 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Clorox by 302.0% in the fourth 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 during the last quarter. 78.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CLX. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $150.00 target price on shares of Clorox in a research note on Thursday, January 30th. Barclays cut their price objective on shares of Clorox from $139.00 to $134.00 and set an "underweight" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company cut their price target on Clorox from $155.00 to $145.00 and set an "equal weight" rating for the company in a research note on Wednesday. StockNews.com downgraded Clorox from a "buy" rating to a "hold" rating in a research note on Sunday, January 5th. Finally, DA Davidson reduced their price target on shares of Clorox from $171.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $154.25.

Clorox Stock Down 0.5 %

Shares of NYSE:CLX traded down $0.68 during midday trading on Wednesday, hitting $138.78. 211,036 shares of the stock were exchanged, compared to its average volume of 1,295,211. 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 company has a market capitalization of $17.10 billion, a PE ratio of 37.92, a P/E/G ratio of 2.62 and a beta of 0.61. The Clorox Company has a 52-week low of $127.60 and a 52-week high of $171.37. The business's fifty day simple moving average is $147.13 and its two-hundred day simple moving average is $156.93.

Clorox (NYSE:CLX - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share (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 previous year, the business posted $2.16 earnings per share. As a group, research analysts predict that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Wednesday, April 23rd. Clorox's dividend payout ratio (DPR) is 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.