Cibc World Markets Corp Has $7.89 Million Stake in The Clorox Company (NYSE:CLX)

Cibc World Markets Corp raised its position in shares of The Clorox Company (NYSE:CLX) by 15.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,572 shares of the company’s stock after purchasing an additional 6,345 shares during the quarter. Cibc World Markets Corp’s holdings in Clorox were worth $7,889,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its holdings in shares of Clorox by 163.8% during the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock valued at $25,000 after buying an additional 95 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in Clorox during the 3rd quarter worth about $27,000. Continuum Advisory LLC grew its stake in Clorox by 300.0% during the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock valued at $30,000 after acquiring an additional 138 shares in the last quarter. Asset Planning Inc acquired a new position in shares of Clorox in the 4th quarter valued at about $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Clorox in the fourth quarter worth approximately $36,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Clorox Trading Down 2.5 %

NYSE:CLX opened at $144.70 on Wednesday. The company’s 50 day moving average is $153.71 and its 200-day moving average is $160.08. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The Clorox Company has a 12 month low of $127.60 and a 12 month high of $171.37. The firm has a market cap of $17.83 billion, a price-to-earnings ratio of 39.54, a P/E/G ratio of 2.62 and a beta of 0.45.

Clorox (NYSE:CLX) last announced its earnings results on Monday, February 3rd. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.39 by $0.16. Clorox had a net margin of 6.38% and a return on equity of 316.87%. During the same period in the prior year, the firm posted $2.16 EPS. Equities analysts anticipate that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox’s dividend payout ratio (DPR) is currently 133.33%.

Analyst Ratings Changes

Several research analysts have weighed in on CLX shares. Evercore ISI upped their price objective on shares of Clorox from $145.00 to $155.00 in a research note on Tuesday, February 4th. Barclays boosted their price target on shares of Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a report on Wednesday, February 5th. Wells Fargo & Company increased their price objective on Clorox from $157.00 to $161.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. StockNews.com downgraded Clorox from a “buy” rating to a “hold” rating in a research note on Sunday, January 5th. Finally, JPMorgan Chase & Co. raised their price target on Clorox from $171.00 to $173.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $159.62.

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.