Alberta Investment Management Corp raised its stake in The Clorox Company (NYSE:CLX - Free Report) by 8.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,000 shares of the company's stock after acquiring an additional 2,300 shares during the quarter. Alberta Investment Management Corp's holdings in Clorox were worth $4,123,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of CLX. Redwood Park Advisors LLC bought a new stake in Clorox in the 4th quarter worth about $26,000. Wood Tarver Financial Group LLC bought a new position in shares of Clorox during the fourth quarter valued at about $31,000. GKV Capital Management Co. Inc. bought a new stake in shares of Clorox during the fourth quarter valued at approximately $32,000. Aster Capital Management DIFC Ltd purchased a new stake in Clorox during the 4th quarter valued at about $33,000. Finally, GW&K Investment Management LLC boosted its holdings in Clorox by 239.1% in the first quarter. GW&K Investment Management LLC now owns 295 shares of the company's stock worth $43,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on CLX. Barclays cut their target price on shares of Clorox from $129.00 to $119.00 and set an "underweight" rating for the company in a research note on Tuesday, July 15th. Evercore ISI set a $140.00 price objective on Clorox and gave the company an "underperform" rating in a report on Tuesday, May 6th. Citigroup reaffirmed a "neutral" rating and set a $135.00 price target (down previously from $140.00) on shares of Clorox in a research report on Tuesday, July 15th. JPMorgan Chase & Co. reduced their price objective on Clorox from $144.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, July 25th. Finally, Morgan Stanley lowered their target price on shares of Clorox from $150.00 to $137.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Clorox currently has an average rating of "Hold" and a consensus price target of $143.36.
Check Out Our Latest Report on Clorox
Clorox Stock Up 0.4%
NYSE:CLX traded up $0.56 on Thursday, hitting $126.06. 1,479,404 shares of the company's stock traded hands, compared to its average volume of 1,637,487. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 5.15. The company has a market cap of $15.54 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.00 and a beta of 0.49. The firm has a 50-day moving average price of $125.74 and a 200-day moving average price of $138.42. The Clorox Company has a 1 year low of $117.35 and a 1 year high of $171.37.
Clorox (NYSE:CLX - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.24 by $0.63. The firm had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $1.94 billion. Clorox had a return on equity of 377.86% and a net margin of 11.40%. The company's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.82 earnings per share. Equities analysts anticipate that The Clorox Company will post 7.15 EPS for the current fiscal year.
Clorox Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Wednesday, August 13th will be given a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, August 13th. This is a boost from Clorox's previous quarterly dividend of $1.22. Clorox's dividend payout ratio is 74.85%.
About Clorox
(
Free Report)
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.
See Also

Before you consider Clorox, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Clorox wasn't on the list.
While Clorox currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.