Cwm LLC Acquires 29,740 Shares of The Clorox Company (NYSE:CLX)

Cwm LLC lifted its holdings in shares of The Clorox Company (NYSE:CLX) by 522.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,430 shares of the company’s stock after acquiring an additional 29,740 shares during the quarter. Cwm LLC’s holdings in Clorox were worth $5,052,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Clorox by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 15,341,234 shares of the company’s stock worth $2,010,622,000 after acquiring an additional 44,344 shares during the period. FMR LLC lifted its holdings in Clorox by 17.4% during the 3rd quarter. FMR LLC now owns 2,415,054 shares of the company’s stock worth $316,517,000 after purchasing an additional 357,964 shares during the last quarter. Stifel Financial Corp lifted its holdings in Clorox by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 2,184,875 shares of the company’s stock worth $286,356,000 after purchasing an additional 47,879 shares during the last quarter. Morgan Stanley lifted its holdings in Clorox by 1.8% during the 3rd quarter. Morgan Stanley now owns 1,738,928 shares of the company’s stock worth $227,904,000 after purchasing an additional 30,902 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Clorox by 2.7% during the 3rd quarter. Northern Trust Corp now owns 1,633,624 shares of the company’s stock worth $214,103,000 after purchasing an additional 42,352 shares during the last quarter. 78.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on CLX shares. Barclays dropped their price target on Clorox from $148.00 to $136.00 and set an “underweight” rating for the company in a report on Wednesday, April 10th. UBS Group lifted their price target on Clorox from $145.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 2nd. The Goldman Sachs Group started coverage on Clorox in a report on Friday, March 1st. They set a “sell” rating and a $140.00 price target for the company. Citigroup dropped their price target on Clorox from $165.00 to $155.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Clorox from $155.00 to $151.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Four investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $148.63.

Clorox Trading Up 0.6 %

Shares of CLX opened at $145.98 on Wednesday. The Clorox Company has a 52-week low of $114.68 and a 52-week high of $178.21. The business’s fifty day moving average is $149.68 and its 200-day moving average is $142.23. The company has a debt-to-equity ratio of 11.37, a quick ratio of 0.57 and a current ratio of 0.89. The firm has a market cap of $18.12 billion, a price-to-earnings ratio of 231.72, a PEG ratio of 2.27 and a beta of 0.43.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Thursday, February 1st. The company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $1.08. Clorox had a return on equity of 319.41% and a net margin of 1.09%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company posted $0.98 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts anticipate that The Clorox Company will post 5.52 EPS for the current fiscal year.

Clorox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.80 dividend on an annualized basis and a yield of 3.29%. Clorox’s dividend payout ratio is currently 761.92%.

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.