M&T Bank Corp Increases Stock Holdings in The Clorox Company (NYSE:CLX)

M&T Bank Corp grew its holdings in shares of The Clorox Company (NYSE:CLX) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,561 shares of the company’s stock after purchasing an additional 301 shares during the period. M&T Bank Corp’s holdings in Clorox were worth $3,930,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC acquired a new stake in Clorox during the 4th quarter worth approximately $29,000. Tyler Stone Wealth Management increased its position in shares of Clorox by 64.5% during the third quarter. Tyler Stone Wealth Management now owns 255 shares of the company’s stock worth $33,000 after acquiring an additional 100 shares during the period. Hartford Financial Management Inc. raised its stake in shares of Clorox by 57.1% in the fourth quarter. Hartford Financial Management Inc. now owns 256 shares of the company’s stock valued at $37,000 after acquiring an additional 93 shares in the last quarter. Valley National Advisers Inc. boosted its holdings in Clorox by 458.3% in the fourth quarter. Valley National Advisers Inc. now owns 268 shares of the company’s stock valued at $38,000 after purchasing an additional 220 shares during the period. Finally, BKM Wealth Management LLC acquired a new position in Clorox during the 4th quarter worth $41,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CLX. Deutsche Bank Aktiengesellschaft reduced their price target on Clorox from $155.00 to $151.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. Barclays decreased their price target on shares of Clorox from $136.00 to $132.00 and set an “underweight” rating for the company in a research note on Thursday, May 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Clorox from $159.00 to $158.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Morgan Stanley reaffirmed an “equal weight” rating and set a $160.00 price objective on shares of Clorox in a research report on Tuesday, March 26th. Finally, The Goldman Sachs Group began coverage on shares of Clorox in a research note on Friday, March 1st. They set a “sell” rating and a $140.00 target price for the company. Four investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $146.43.

Clorox Trading Up 1.4 %

NYSE:CLX opened at $141.18 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.90 and a debt-to-equity ratio of 9.73. The Clorox Company has a 52-week low of $114.68 and a 52-week high of $170.43. The stock’s 50 day moving average price is $148.00 and its 200 day moving average price is $143.67. The company has a market capitalization of $17.53 billion, a PE ratio of 73.15, a P/E/G ratio of 2.13 and a beta of 0.44.

Clorox (NYSE:CLX) last announced its earnings results on Tuesday, April 30th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.38. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Clorox had a net margin of 3.33% and a return on equity of 302.49%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 EPS. On average, research analysts anticipate that The Clorox Company will post 5.83 EPS for the current year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be issued a $1.20 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.40%. Clorox’s payout ratio is 248.71%.

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.