Anchor Investment Management LLC Has $1.71 Million Holdings in The Clorox Company (NYSE:CLX)

Anchor Investment Management LLC lifted its stake in The Clorox Company (NYSE:CLX) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund owned 10,497 shares of the company’s stock after buying an additional 309 shares during the period. Anchor Investment Management LLC’s holdings in Clorox were worth $1,705,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CLX. Brooklyn Investment Group grew its position in Clorox by 163.8% in the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock worth $25,000 after purchasing an additional 95 shares during the last quarter. Redwood Park Advisors LLC bought a new stake in shares of Clorox in the fourth quarter valued at about $26,000. Millstone Evans Group LLC acquired a new stake in Clorox during the fourth quarter worth about $31,000. Asset Planning Inc bought a new position in Clorox during the fourth quarter valued at about $32,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in Clorox in the 4th quarter valued at approximately $33,000. Institutional investors own 78.53% of the company’s stock.

Clorox Stock Down 1.0 %

Shares of CLX opened at $139.48 on Wednesday. The company has a market capitalization of $17.18 billion, a P/E ratio of 38.11, a PEG ratio of 2.62 and a beta of 0.61. The Clorox Company has a one year low of $127.60 and a one year high of $171.37. The business’s 50 day simple moving average is $147.13 and its 200-day simple moving average is $156.93. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.55 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 company earned $2.16 EPS. As a group, sell-side analysts predict that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Wednesday, April 23rd. Clorox’s dividend payout ratio is presently 133.33%.

Analyst Ratings Changes

Several analysts have recently weighed in on CLX shares. Barclays decreased their price objective on Clorox from $139.00 to $134.00 and set an “underweight” rating on the stock in a report on Friday, April 11th. Wells Fargo & Company lowered their price target on shares of Clorox from $161.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. Evercore ISI raised their price objective on shares of Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. StockNews.com lowered shares of Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 price target on shares of Clorox in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $155.08.

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.