Cibc World Market Inc. Lowers Position in The Clorox Company (NYSE:CLX)

Cibc World Market Inc. trimmed its stake in The Clorox Company (NYSE:CLXGet Rating) by 33.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,160 shares of the company’s stock after selling 3,158 shares during the quarter. Cibc World Market Inc.’s holdings in Clorox were worth $868,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC purchased a new stake in Clorox during the first quarter worth approximately $242,000. Mutual of America Capital Management LLC grew its stake in Clorox by 1.3% during the first quarter. Mutual of America Capital Management LLC now owns 16,499 shares of the company’s stock worth $2,294,000 after buying an additional 211 shares during the period. National Asset Management Inc. grew its stake in Clorox by 4.4% during the first quarter. National Asset Management Inc. now owns 8,604 shares of the company’s stock worth $1,196,000 after buying an additional 365 shares during the period. FDx Advisors Inc. grew its stake in Clorox by 15.1% during the first quarter. FDx Advisors Inc. now owns 1,740 shares of the company’s stock worth $242,000 after buying an additional 228 shares during the period. Finally, State of New Jersey Common Pension Fund D grew its stake in Clorox by 5.6% during the first quarter. State of New Jersey Common Pension Fund D now owns 71,301 shares of the company’s stock worth $9,913,000 after buying an additional 3,781 shares during the period. 81.69% of the stock is currently owned by hedge funds and other institutional investors.

Clorox Stock Up 0.6 %

Shares of NYSE:CLX opened at $146.79 on Monday. The stock has a market capitalization of $18.11 billion, a price-to-earnings ratio of 45.03, a price-to-earnings-growth ratio of 3.06 and a beta of 0.31. The Clorox Company has a 1-year low of $120.50 and a 1-year high of $186.86. The company’s fifty day moving average is $138.49 and its two-hundred day moving average is $141.63. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.50 and a current ratio of 0.88.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 10th. Shareholders of record on Wednesday, January 25th will be issued a dividend of $1.18 per share. The ex-dividend date is Tuesday, January 24th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.22%. Clorox’s dividend payout ratio (DPR) is 144.79%.

Analyst Ratings Changes

Several research analysts have recently weighed in on CLX shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Clorox from $138.00 to $148.00 and gave the company a “hold” rating in a research note on Wednesday, November 2nd. Wells Fargo & Company decreased their target price on shares of Clorox from $130.00 to $125.00 and set an “underweight” rating for the company in a research note on Monday, October 3rd. StockNews.com started coverage on shares of Clorox in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. UBS Group upped their target price on shares of Clorox from $119.00 to $129.00 and gave the company a “sell” rating in a research note on Wednesday, November 2nd. Finally, Bank of America assumed coverage on shares of Clorox in a research note on Wednesday, September 14th. They issued an “underperform” rating for the company. Ten research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $135.08.

Clorox Profile

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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.

See Also

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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