The Clorox Company $CLX Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in The Clorox Company (NYSE:CLX) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 276,768 shares of the company’s stock after buying an additional 9,013 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.23% of Clorox worth $34,125,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CLX. Center for Financial Planning Inc. purchased a new stake in shares of Clorox in the 3rd quarter valued at approximately $25,000. Total Investment Management Inc. acquired a new stake in Clorox in the 2nd quarter valued at approximately $25,000. True Wealth Design LLC raised its position in Clorox by 1,020.0% in the third quarter. True Wealth Design LLC now owns 224 shares of the company’s stock valued at $28,000 after purchasing an additional 204 shares during the period. NewSquare Capital LLC raised its position in Clorox by 567.6% in the second quarter. NewSquare Capital LLC now owns 227 shares of the company’s stock valued at $27,000 after purchasing an additional 193 shares during the period. Finally, Root Financial Partners LLC acquired a new position in Clorox during the third quarter worth $29,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CLX. Zacks Research raised Clorox from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Wells Fargo & Company set a $125.00 target price on Clorox in a research report on Tuesday, February 17th. Citigroup increased their price target on shares of Clorox from $109.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. The Goldman Sachs Group lowered their price objective on shares of Clorox from $110.00 to $94.00 and set a “sell” rating for the company in a research note on Wednesday, January 7th. Finally, Rothschild & Co Redburn set a $117.00 target price on shares of Clorox in a report on Friday, February 13th. One investment analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Clorox currently has a consensus rating of “Reduce” and a consensus target price of $118.73.

Clorox Stock Up 0.3%

CLX stock opened at $127.28 on Monday. The company’s 50 day moving average price is $112.42 and its 200 day moving average price is $113.62. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 0.63 and a beta of 0.59. The Clorox Company has a fifty-two week low of $96.66 and a fifty-two week high of $158.91. The company has a debt-to-equity ratio of 71.03, a quick ratio of 0.48 and a current ratio of 0.74.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). Clorox had a return on equity of 383.01% and a net margin of 11.17%.The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. The firm’s revenue was down .8% compared to the same quarter last year. On average, equities research analysts anticipate that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Wednesday, April 22nd will be paid a dividend of $1.24 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $4.96 dividend on an annualized basis and a dividend yield of 3.9%. Clorox’s payout ratio is presently 81.05%.

Clorox Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.