The Clorox Company (NYSE:CLX) Shares Acquired by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC grew its position in shares of The Clorox Company (NYSE:CLX) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,711 shares of the company’s stock after purchasing an additional 185 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Clorox were worth $440,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mizuho Securities USA LLC increased its holdings in Clorox by 46,877.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,500,000 shares of the company’s stock worth $733,095,000 after acquiring an additional 4,490,421 shares in the last quarter. Ilex Capital Partners UK LLP grew its holdings in shares of Clorox by 512.7% during the third quarter. Ilex Capital Partners UK LLP now owns 542,110 shares of the company’s stock worth $88,315,000 after buying an additional 453,624 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Clorox by 302.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 353,367 shares of the company’s stock worth $57,390,000 after buying an additional 265,455 shares in the last quarter. State Street Corp boosted its position in shares of Clorox by 3.1% during the 3rd quarter. State Street Corp now owns 8,182,109 shares of the company’s stock valued at $1,332,947,000 after acquiring an additional 245,525 shares during the last quarter. Finally, FMR LLC lifted its position in Clorox by 27.6% in the third quarter. FMR LLC now owns 776,232 shares of the company’s stock valued at $126,456,000 after buying an additional 168,111 shares during the last quarter. 78.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CLX has been the topic of a number of recent research reports. StockNews.com lowered shares of Clorox from a “buy” rating to a “hold” rating in a research note on Sunday, January 5th. TD Cowen upgraded shares of Clorox from a “sell” rating to a “hold” rating and increased their price target for the company from $155.00 to $170.00 in a research note on Wednesday, November 6th. JPMorgan Chase & Co. increased their price objective on Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Evercore ISI increased their price objective on Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. Finally, Barclays increased their price target on Clorox from $130.00 to $140.00 and gave the stock an “underweight” rating in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $158.21.

Clorox Trading Up 0.8 %

Clorox stock opened at $154.57 on Friday. The stock has a market cap of $19.04 billion, a PE ratio of 42.23, a P/E/G ratio of 2.62 and a beta of 0.42. The stock has a 50-day moving average price of $157.04 and a 200 day moving average price of $160.05. The Clorox Company has a 52 week low of $127.60 and a 52 week high of $171.37. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52.

Clorox (NYSE:CLX) last issued its quarterly earnings results 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 return on equity of 316.87% and a net margin of 6.38%. During the same period last year, the business posted $2.16 EPS. Equities research analysts predict that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Wednesday, April 23rd. Clorox’s dividend 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.