CANADA LIFE ASSURANCE Co Purchases 9,141 Shares of The Clorox Company (NYSE:CLX)

CANADA LIFE ASSURANCE Co grew its position in shares of The Clorox Company (NYSE:CLX) by 6.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 155,886 shares of the company’s stock after acquiring an additional 9,141 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Clorox were worth $25,317,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CLX. Brooklyn Investment Group grew its position in Clorox by 163.8% during the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock valued at $25,000 after acquiring an additional 95 shares during the last quarter. Redwood Park Advisors LLC bought a new position in shares of Clorox during the 4th quarter valued at $26,000. Millstone Evans Group LLC purchased a new position in Clorox in the 4th quarter worth $31,000. Asset Planning Inc bought a new stake in Clorox in the fourth quarter worth $32,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in Clorox during the fourth quarter valued at about $32,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Clorox Trading Up 2.0 %

CLX opened at $139.60 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The Clorox Company has a 52 week low of $127.60 and a 52 week high of $171.37. The stock has a market cap of $17.20 billion, a PE ratio of 38.14, a PEG ratio of 2.62 and a beta of 0.61. The business has a 50 day moving average of $146.57 and a 200-day moving average of $156.40.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.55 EPS for the quarter, beating the consensus estimate 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 quarter last year, the company earned $2.16 earnings per share. Equities research analysts predict that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm 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 dividend of $1.22 per share. 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 133.33%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CLX. UBS Group decreased their price objective on Clorox from $176.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday. Evercore ISI boosted their price objective on Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. DA Davidson dropped their price objective on Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. decreased their target price on shares of Clorox from $173.00 to $151.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Finally, StockNews.com cut shares of Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Clorox currently has an average rating of “Hold” and a consensus target price of $153.83.

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.