River Global Investors LLP Purchases Shares of 1,737 The Clorox Company (NYSE:CLX)

River Global Investors LLP bought a new stake in shares of The Clorox Company (NYSE:CLX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,737 shares of the company’s stock, valued at approximately $248,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Choreo LLC boosted its holdings in shares of Clorox by 12.8% in the 4th quarter. Choreo LLC now owns 5,741 shares of the company’s stock worth $819,000 after purchasing an additional 652 shares during the period. abrdn plc raised its stake in shares of Clorox by 20.1% in the fourth quarter. abrdn plc now owns 198,250 shares of the company’s stock valued at $28,268,000 after acquiring an additional 33,135 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Clorox by 17,658.5% during the 4th quarter. International Assets Investment Management LLC now owns 484,453 shares of the company’s stock worth $69,078,000 after purchasing an additional 481,725 shares during the period. Adage Capital Partners GP L.L.C. purchased a new stake in Clorox in the 3rd quarter worth about $6,605,000. Finally, Eagle Rock Investment Company LLC purchased a new position in shares of Clorox during the fourth quarter valued at approximately $2,940,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CLX shares. UBS Group dropped their price objective on Clorox from $164.00 to $159.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $160.00 price target on shares of Clorox in a research note on Tuesday, March 26th. JPMorgan Chase & Co. lowered their price objective on shares of Clorox from $159.00 to $158.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Wells Fargo & Company reduced their target price on shares of Clorox from $140.00 to $135.00 and set an “underweight” rating on the stock in a research report on Thursday. Finally, Barclays lowered their price target on Clorox from $136.00 to $132.00 and set an “underweight” rating for the company in a report on Thursday. Four investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $146.43.

Clorox Stock Up 0.5 %

Shares of NYSE:CLX traded up $0.75 during trading on Monday, reaching $138.98. The stock had a trading volume of 770,189 shares, compared to its average volume of 1,267,734. The firm’s 50-day simple moving average is $148.45 and its 200 day simple moving average is $143.43. The company has a current ratio of 0.90, a quick ratio of 0.53 and a debt-to-equity ratio of 9.73. The Clorox Company has a one year low of $114.68 and a one year high of $170.43. The company has a market capitalization of $17.26 billion, a P/E ratio of 71.62, a PEG 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 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.38. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.87 billion. Clorox had a net margin of 3.33% and a return on equity of 302.49%. Clorox’s revenue was down 5.3% compared to the same quarter last year. During the same period last year, the firm earned $1.51 earnings per share. As a group, research analysts expect that The Clorox Company will post 5.83 EPS for the current fiscal year.

Clorox Announces Dividend

The firm also recently announced 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. This represents a $4.80 annualized dividend and a yield of 3.45%. The ex-dividend date is Tuesday, April 23rd. Clorox’s dividend payout ratio is currently 248.71%.

Clorox Company 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.