Vinva Investment Management Ltd Acquires 3,952 Shares of The Clorox Company (NYSE:CLX)

Vinva Investment Management Ltd increased its stake in shares of The Clorox Company (NYSE:CLX - Free Report) by 147.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,627 shares of the company's stock after purchasing an additional 3,952 shares during the quarter. Vinva Investment Management Ltd's holdings in Clorox were worth $1,070,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CLX. Enhancing Capital LLC purchased a new position in shares of Clorox during the 4th quarter valued at $325,000. Intech Investment Management LLC boosted its position in Clorox by 91.9% during the fourth quarter. Intech Investment Management LLC now owns 54,428 shares of the company's stock valued at $8,840,000 after purchasing an additional 26,058 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in Clorox in the fourth quarter valued at about $940,000. Advisors Asset Management Inc. increased its position in Clorox by 19.9% in the 4th quarter. Advisors Asset Management Inc. now owns 35,803 shares of the company's stock worth $5,815,000 after purchasing an additional 5,938 shares during the last quarter. Finally, Mystic Asset Management Inc. raised its stake in shares of Clorox by 31.7% during the 4th quarter. Mystic Asset Management Inc. now owns 11,040 shares of the company's stock worth $1,793,000 after purchasing an additional 2,657 shares in the last quarter. 78.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on CLX. Evercore ISI boosted their price target on Clorox from $145.00 to $155.00 in a research note on Tuesday, February 4th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $150.00 target price on shares of Clorox in a research note on Thursday, January 30th. DA Davidson dropped 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. Barclays lifted their price objective on shares of Clorox from $130.00 to $140.00 and gave the company an "underweight" rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company increased their target price on shares of Clorox from $157.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Clorox presently has an average rating of "Hold" and a consensus price target of $159.62.

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Clorox Stock Performance

NYSE:CLX traded down $2.11 during trading hours on Tuesday, hitting $141.80. 1,556,338 shares of the company traded hands, compared to its average volume of 1,210,271. The company has a current ratio of 0.94, a quick ratio of 0.60 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 firm has a 50-day moving average of $152.57 and a 200 day moving average of $159.59. The stock has a market capitalization of $17.47 billion, a price-to-earnings ratio of 38.74, a P/E/G ratio of 2.62 and a beta of 0.45.

Clorox (NYSE:CLX - Get Free Report) last released its earnings results 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 net margin of 6.38% and a return on equity of 316.87%. During the same period in the previous year, the firm earned $2.16 earnings per share. On average, analysts forecast that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date is Wednesday, April 23rd. Clorox's dividend payout ratio is presently 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.