E Fund Management Co. Ltd. purchased a new stake in shares of The Clorox Company (NYSE:CLX) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 221 shares of the company’s stock, valued at approximately $43,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in CLX. Norges Bank purchased a new stake in shares of The Clorox during the 4th quarter valued at about $254,283,000. American International Group Inc. increased its holdings in The Clorox by 1,577.5% in the 4th quarter. American International Group Inc. now owns 768,550 shares of the company’s stock worth $155,186,000 after acquiring an additional 722,734 shares in the last quarter. Squarepoint Ops LLC increased its holdings in The Clorox by 494.5% in the 4th quarter. Squarepoint Ops LLC now owns 270,078 shares of the company’s stock worth $54,534,000 after acquiring an additional 224,647 shares in the last quarter. Dearborn Partners LLC increased its holdings in The Clorox by 1,145.3% in the 1st quarter. Dearborn Partners LLC now owns 189,629 shares of the company’s stock worth $36,576,000 after acquiring an additional 174,401 shares in the last quarter. Finally, Willis Investment Counsel purchased a new stake in The Clorox in the 4th quarter worth approximately $28,838,000. 78.10% of the stock is owned by hedge funds and other institutional investors.
Shares of CLX opened at $176.32 on Friday. The company has a market capitalization of $21.93 billion, a P/E ratio of 24.59, a PEG ratio of 3.36 and a beta of 0.20. The stock has a fifty day moving average of $184.43. The Clorox Company has a 52-week low of $175.25 and a 52-week high of $239.87. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.70 and a current ratio of 1.08.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 13th. Shareholders of record on Wednesday, July 28th will be paid a $1.16 dividend. This is a positive change from The Clorox’s previous quarterly dividend of $1.11. The ex-dividend date is Tuesday, July 27th. This represents a $4.64 dividend on an annualized basis and a yield of 2.63%. The Clorox’s dividend payout ratio (DPR) is presently 60.33%.
Several research analysts have weighed in on CLX shares. DA Davidson dropped their price target on The Clorox from $189.00 to $177.00 and set a “neutral” rating for the company in a research note on Monday, May 3rd. Morgan Stanley dropped their price target on The Clorox from $183.00 to $170.00 and set an “underweight” rating for the company in a research note on Monday, May 3rd. Atlantic Securities upgraded The Clorox from a “neutral” rating to an “overweight” rating and set a $233.00 price target for the company in a research note on Friday, February 19th. Royal Bank of Canada restated a “neutral” rating on shares of The Clorox in a research note on Wednesday, May 5th. Finally, Argus dropped their price target on The Clorox from $230.00 to $206.00 and set a “buy” rating for the company in a research note on Friday, May 21st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $207.94.
The 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 company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Scentiva, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; professional cleaning, disinfecting, and food service products under the CloroxPro, Clorox Healthcare, and Clorox Total 360 brands; professional food service products under the Hidden Valley brand; and vitamins, minerals, and supplement products under the RenewLife, Rainbow Light, Natural Vitality, NeoCell, and Stop Aging Now brands.
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