Crestline Management LP Invests $5.85 Million in The Clorox Company (NYSE:CLX)

Crestline Management LP bought a new stake in shares of The Clorox Company (NYSE:CLX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 36,000 shares of the company's stock, valued at approximately $5,847,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Integral Investment Advisors Inc. boosted its position in shares of Clorox by 4.1% in the fourth quarter. Integral Investment Advisors Inc. now owns 1,718 shares of the company's stock worth $279,000 after buying an additional 67 shares during the period. HCR Wealth Advisors grew its holdings in Clorox by 1.0% during the 4th quarter. HCR Wealth Advisors now owns 6,870 shares of the company's stock valued at $1,116,000 after purchasing an additional 68 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its holdings in Clorox by 6.1% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,345 shares of the company's stock valued at $218,000 after purchasing an additional 77 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in Clorox by 1.2% in the 4th quarter. Wedbush Securities Inc. now owns 7,624 shares of the company's stock worth $1,238,000 after buying an additional 94 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in Clorox by 163.8% in the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company's stock valued at $25,000 after buying an additional 95 shares during the last quarter. 78.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CLX has been the topic of a number of analyst reports. Citigroup dropped their target price on Clorox from $165.00 to $150.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. cut their target price on Clorox from $151.00 to $144.00 and set a "neutral" rating on the stock in a research report on Tuesday. DA Davidson decreased their price target on shares of Clorox from $171.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Evercore ISI upped their price target on shares of Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. Finally, Wells Fargo & Company decreased their price target on Clorox from $145.00 to $142.00 and set an "equal weight" rating for the company in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $152.77.

Clorox Price Performance

Shares of NYSE CLX opened at $134.96 on Wednesday. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60. The Clorox Company has a 1-year low of $127.60 and a 1-year high of $171.37. The business's fifty day moving average price is $143.46 and its two-hundred day moving average price is $154.55. The firm has a market capitalization of $16.63 billion, a PE ratio of 36.87, a P/E/G ratio of 2.62 and a beta of 0.60.

Clorox (NYSE:CLX - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.12). The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.74 billion. Clorox had a return on equity of 316.87% and a net margin of 6.38%. Clorox's revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter last year, the company posted $1.71 EPS. On average, research analysts expect that The Clorox Company will post 7.15 EPS for the current year.

Clorox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Wednesday, April 23rd. Clorox's dividend payout ratio (DPR) is 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.

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