Los Angeles Capital Management LLC Purchases 21,778 Shares of The Clorox Company (NYSE:CLX)

Los Angeles Capital Management LLC lifted its position in shares of The Clorox Company (NYSE:CLX - Free Report) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 213,697 shares of the company's stock after acquiring an additional 21,778 shares during the period. Los Angeles Capital Management LLC owned approximately 0.17% of Clorox worth $34,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Clorox by 3.1% during the 3rd quarter. State Street Corp now owns 8,182,109 shares of the company's stock worth $1,332,947,000 after acquiring an additional 245,525 shares during the period. Mizuho Securities USA LLC lifted its stake in Clorox by 46,877.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,500,000 shares of the company's stock valued at $733,095,000 after purchasing an additional 4,490,421 shares during the last quarter. Geode Capital Management LLC lifted its stake in Clorox by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,028,333 shares of the company's stock valued at $491,713,000 after purchasing an additional 33,970 shares during the last quarter. Stifel Financial Corp lifted its stake in Clorox by 1.7% in the 3rd quarter. Stifel Financial Corp now owns 2,334,826 shares of the company's stock valued at $380,370,000 after purchasing an additional 37,967 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in Clorox by 2.2% in the 3rd quarter. Van ECK Associates Corp now owns 1,492,717 shares of the company's stock valued at $237,372,000 after purchasing an additional 31,510 shares during the last quarter. Institutional investors own 78.53% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently commented on CLX. DA Davidson dropped their price objective on shares of Clorox from $171.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. TD Cowen raised shares of Clorox from a "sell" rating to a "hold" rating and increased their price objective for the company from $155.00 to $170.00 in a research note on Wednesday, November 6th. JPMorgan Chase & Co. increased their price objective on shares of Clorox from $171.00 to $173.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Royal Bank of Canada reissued a "sector perform" rating and issued a $150.00 price objective on shares of Clorox in a research note on Thursday, January 30th. Finally, StockNews.com cut shares of Clorox from a "buy" rating to a "hold" rating in a research report on Sunday, January 5th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Clorox has a consensus rating of "Hold" and a consensus target price of $158.21.

Clorox Stock Up 1.4 %

NYSE:CLX traded up $2.14 during trading hours on Friday, reaching $156.52. The company had a trading volume of 1,498,518 shares, compared to its average volume of 1,378,293. 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 firm has a market cap of $19.28 billion, a price-to-earnings ratio of 42.76, a P/E/G ratio of 2.62 and a beta of 0.42. The business's 50-day simple moving average is $156.88 and its two-hundred day simple moving average is $160.15. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37.

Clorox (NYSE:CLX - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported $1.55 EPS for the quarter, topping 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 earned $2.16 earnings per share. On average, 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 paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Wednesday, April 23rd. Clorox's dividend payout ratio (DPR) 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.