Mirabaud Asset Management Ltd Trims Holdings in The Clorox Company (NYSE:CLX)

Mirabaud Asset Management Ltd trimmed its holdings in shares of The Clorox Company (NYSE:CLX) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,631 shares of the company’s stock after selling 1,363 shares during the quarter. Mirabaud Asset Management Ltd’s holdings in Clorox were worth $1,555,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Brooklyn Investment Group lifted its holdings in Clorox by 163.8% during the 4th 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. Continuum Advisory LLC grew its stake in Clorox by 300.0% in the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $30,000 after acquiring an additional 138 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of Clorox during the fourth quarter worth approximately $31,000. Asset Planning Inc bought a new stake in shares of Clorox during the fourth quarter valued at approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Clorox in the fourth quarter valued at approximately $36,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. DA Davidson reduced their price objective on Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Evercore ISI increased their price target on Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on Clorox from $161.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday. StockNews.com lowered shares of Clorox from a “buy” rating to a “hold” rating in a research note on Sunday, January 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Clorox currently has a consensus rating of “Hold” and a consensus price target of $159.00.

Clorox Price Performance

Shares of CLX opened at $143.76 on Friday. The firm has a market capitalization of $17.71 billion, a PE ratio of 39.28, a price-to-earnings-growth ratio of 2.62 and a beta of 0.45. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60. The company’s fifty day moving average price is $150.06 and its 200-day moving average price is $158.44. The Clorox Company has a 1-year low of $127.60 and a 1-year high of $171.37.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.16. Clorox had a return on equity of 316.87% and a net margin of 6.38%. During the same period last year, the firm earned $2.16 EPS. On average, equities research analysts predict that The Clorox Company will post 7.15 EPS for the current year.

Clorox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox’s payout ratio is 133.33%.

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.