Webster Bank N. A. Has $66,000 Stake in The Clorox Company (NYSE:CLX)

Webster Bank N. A. lowered its position in shares of The Clorox Company (NYSE:CLX) by 55.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 480 shares of the company’s stock after selling 602 shares during the period. Webster Bank N. A.’s holdings in Clorox were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CLX. Vanguard Group Inc. boosted its position in shares of Clorox by 0.3% in the first quarter. Vanguard Group Inc. now owns 15,277,580 shares of the company’s stock valued at $2,339,150,000 after acquiring an additional 48,632 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Clorox during the 4th quarter worth approximately $144,844,000. Norges Bank acquired a new position in shares of Clorox during the 4th quarter worth approximately $128,382,000. Parsifal Capital Management LP acquired a new stake in shares of Clorox in the fourth quarter valued at approximately $128,245,000. Finally, Confluence Investment Management LLC bought a new stake in shares of Clorox in the first quarter valued at approximately $135,630,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Clorox Trading Down 0.9 %

CLX traded down $1.30 during trading on Friday, reaching $143.03. 1,100,966 shares of the stock traded hands, compared to its average volume of 1,268,769. The stock has a market capitalization of $17.76 billion, a PE ratio of 74.11, a P/E/G ratio of 1.97 and a beta of 0.39. The Clorox Company has a 12 month low of $114.68 and a 12 month high of $164.24. 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 stock’s 50-day moving average is $135.26 and its 200 day moving average is $142.39.

Clorox Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be issued a dividend of $1.22 per share. The ex-dividend date is Tuesday, August 13th. This represents a $4.88 annualized dividend and a dividend yield of 3.41%. This is a positive change from Clorox’s previous quarterly dividend of $1.20. Clorox’s dividend payout ratio is currently 252.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CLX shares. Citigroup dropped their price objective on Clorox from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Wells Fargo & Company cut their price objective on shares of Clorox from $135.00 to $130.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. DA Davidson decreased their target price on shares of Clorox from $162.00 to $153.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. UBS Group cut their price target on shares of Clorox from $164.00 to $159.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Clorox from $150.00 to $148.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Six investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $141.94.

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.