Amalgamated Bank Has $4.89 Million Holdings in The Clorox Company (NYSE:CLX)

Amalgamated Bank raised its stake in The Clorox Company (NYSE:CLXGet Rating) by 2.2% in the 1st quarter, HoldingsChannel reports. The fund owned 35,160 shares of the company’s stock after buying an additional 749 shares during the quarter. Amalgamated Bank’s holdings in Clorox were worth $4,888,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Clorox by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 14,685,046 shares of the company’s stock valued at $2,041,661,000 after purchasing an additional 185,012 shares during the last quarter. BlackRock Inc. raised its holdings in Clorox by 3.2% during the 1st quarter. BlackRock Inc. now owns 11,117,522 shares of the company’s stock worth $1,545,669,000 after buying an additional 342,680 shares during the period. State Street Corp raised its holdings in Clorox by 4.1% during the 4th quarter. State Street Corp now owns 8,223,034 shares of the company’s stock worth $1,433,768,000 after buying an additional 327,488 shares during the period. Geode Capital Management LLC raised its holdings in shares of Clorox by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 2,331,231 shares of the company’s stock valued at $405,639,000 after purchasing an additional 54,921 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Clorox by 1.1% in the first quarter. Northern Trust Corp now owns 1,931,351 shares of the company’s stock valued at $268,515,000 after purchasing an additional 21,058 shares during the last quarter. Institutional investors own 81.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CLX. DA Davidson lifted their price objective on shares of Clorox from $123.00 to $124.00 and gave the company a “neutral” rating in a report on Friday, August 12th. Morgan Stanley lowered their price objective on shares of Clorox from $137.00 to $130.00 and set an “underweight” rating on the stock in a report on Thursday, August 4th. Bank of America began coverage on shares of Clorox in a report on Wednesday, September 14th. They set an “underperform” rating on the stock. Wells Fargo & Company boosted their target price on shares of Clorox from $120.00 to $130.00 and gave the stock an “underweight” rating in a report on Tuesday, September 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Clorox from $127.00 to $132.00 in a report on Thursday, July 21st. Ten research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $130.67.

Clorox Trading Down 1.1 %

CLX stock opened at $141.30 on Wednesday. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.97 and a quick ratio of 0.54. The company has a fifty day moving average price of $145.49 and a two-hundred day moving average price of $142.71. The Clorox Company has a one year low of $120.50 and a one year high of $186.86. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of 37.98, a price-to-earnings-growth ratio of 5.05 and a beta of 0.18.

Clorox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Wednesday, October 26th will be given a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a yield of 3.34%. Clorox’s dividend payout ratio (DPR) is 126.88%.

About Clorox

(Get Rating)

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.

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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