International Assets Investment Management LLC Acquires 99,990 Shares of The Clorox Company (NYSE:CLX)

International Assets Investment Management LLC boosted its holdings in shares of The Clorox Company (NYSE:CLX) by 3,665.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 102,718 shares of the company’s stock after acquiring an additional 99,990 shares during the quarter. International Assets Investment Management LLC’s holdings in Clorox were worth $14,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Adage Capital Partners GP L.L.C. bought a new stake in Clorox in the 3rd quarter valued at $6,605,000. Eagle Rock Investment Company LLC bought a new position in shares of Clorox in the fourth quarter valued at about $2,940,000. Nordea Investment Management AB lifted its stake in shares of Clorox by 4.0% during the 4th quarter. Nordea Investment Management AB now owns 9,551 shares of the company’s stock worth $1,362,000 after buying an additional 364 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Clorox by 742.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 78,713 shares of the company’s stock worth $10,316,000 after buying an additional 69,373 shares during the period. Finally, Ritholtz Wealth Management boosted its holdings in shares of Clorox by 232.3% during the 4th quarter. Ritholtz Wealth Management now owns 9,739 shares of the company’s stock worth $1,389,000 after buying an additional 6,808 shares during the period. Institutional investors own 78.53% of the company’s stock.

Clorox Stock Down 1.0 %

Shares of CLX opened at $138.23 on Friday. The firm has a 50 day simple moving average of $148.45 and a two-hundred day simple moving average of $143.17. The company has a market cap of $17.17 billion, a P/E ratio of 71.62, a P/E/G ratio of 2.18 and a beta of 0.44. The Clorox Company has a one year low of $114.68 and a one year high of $176.24. The company has a debt-to-equity ratio of 9.73, a current ratio of 0.90 and a quick ratio of 0.57.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.38. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Clorox had a return on equity of 302.49% and a net margin of 3.33%. Clorox’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.51 EPS. Research analysts forecast that The Clorox Company will post 5.8 EPS for the current fiscal year.

Clorox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Tuesday, April 23rd. Clorox’s dividend payout ratio (DPR) is presently 248.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. UBS Group reduced their price objective on Clorox from $164.00 to $159.00 and set a “neutral” rating for the company in a report on Wednesday. DA Davidson restated a “neutral” rating and issued a $162.00 price target on shares of Clorox in a research note on Wednesday, April 17th. Barclays lowered their price objective on Clorox from $136.00 to $132.00 and set an “underweight” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Clorox from $155.00 to $151.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. Finally, Jefferies Financial Group raised shares of Clorox from an “underperform” rating to a “hold” rating and set a $145.00 price target on the stock in a research report on Tuesday, March 26th. Four analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $146.43.

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.