Fisher Asset Management LLC Purchases 376 Shares of The Clorox Company (NYSE:CLX)

Fisher Asset Management LLC boosted its holdings in shares of The Clorox Company (NYSE:CLX) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,427 shares of the company’s stock after acquiring an additional 376 shares during the period. Fisher Asset Management LLC’s holdings in Clorox were worth $4,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new stake in Clorox in the 4th quarter valued at approximately $299,000. Anchor Capital Advisors LLC raised its holdings in shares of Clorox by 3.1% in the fourth quarter. Anchor Capital Advisors LLC now owns 16,943 shares of the company’s stock valued at $2,752,000 after purchasing an additional 510 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of Clorox by 64.0% in the fourth quarter. QRG Capital Management Inc. now owns 2,266 shares of the company’s stock worth $368,000 after purchasing an additional 884 shares in the last quarter. Versor Investments LP acquired a new position in Clorox during the fourth quarter worth $763,000. Finally, Proficio Capital Partners LLC bought a new position in Clorox in the fourth quarter valued at $9,047,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on CLX. StockNews.com downgraded Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. DA Davidson lowered their price target on Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Barclays increased their price objective on Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a report on Wednesday, February 5th. Wells Fargo & Company boosted their target price on shares of Clorox from $157.00 to $161.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 price target on shares of Clorox in a research note on Thursday, January 30th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Clorox presently has a consensus rating of “Hold” and an average target price of $159.62.

Clorox Trading Down 3.3 %

CLX opened at $150.77 on Wednesday. The Clorox Company has a fifty-two week low of $127.60 and a fifty-two week high of $171.37. The firm has a market capitalization of $18.57 billion, a PE ratio of 41.19, a P/E/G ratio of 2.62 and a beta of 0.42. 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 50-day moving average is $156.48 and its 200 day moving average is $160.48.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business posted $2.16 EPS. As a group, research analysts predict that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 23rd will be given a dividend of $1.22 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.88 annualized dividend and a yield of 3.24%. Clorox’s payout ratio is currently 133.33%.

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.