Deutsche Bank AG Acquires 32,639 Shares of The Clorox Company (NYSE:CLX)

Deutsche Bank AG increased its position in shares of The Clorox Company (NYSE:CLX - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 686,837 shares of the company's stock after purchasing an additional 32,639 shares during the period. Deutsche Bank AG owned 0.56% of Clorox worth $101,137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wood Tarver Financial Group LLC bought a new position in shares of Clorox in the fourth quarter valued at $31,000. GKV Capital Management Co. Inc. bought a new position in shares of Clorox in the fourth quarter valued at $32,000. GW&K Investment Management LLC increased its holdings in shares of Clorox by 239.1% in the first quarter. GW&K Investment Management LLC now owns 295 shares of the company's stock valued at $43,000 after buying an additional 208 shares in the last quarter. Roble Belko & Company Inc increased its holdings in shares of Clorox by 140.7% in the first quarter. Roble Belko & Company Inc now owns 361 shares of the company's stock valued at $53,000 after buying an additional 211 shares in the last quarter. Finally, IMA Advisory Services Inc. bought a new position in shares of Clorox in the first quarter valued at $58,000. Institutional investors own 78.53% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on CLX shares. Morgan Stanley dropped their price target on Clorox from $150.00 to $137.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Wells Fargo & Company boosted their target price on shares of Clorox from $135.00 to $138.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. cut their target price on shares of Clorox from $144.00 to $140.00 and set a "neutral" rating on the stock in a research note on Friday, July 25th. Evercore ISI set a $140.00 target price on shares of Clorox and gave the company an "underperform" rating in a research note on Tuesday, May 6th. Finally, UBS Group cut their target price on shares of Clorox from $150.00 to $134.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $143.36.

Clorox Stock Down 1.1%

Shares of Clorox stock traded down $1.31 on Thursday, hitting $121.58. 1,017,045 shares of the company traded hands, compared to its average volume of 1,636,697. The company has a 50-day moving average price of $125.06 and a 200 day moving average price of $137.18. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 5.15. The Clorox Company has a 12-month low of $117.35 and a 12-month high of $171.37. The company has a market cap of $14.87 billion, a PE ratio of 18.65, a PEG ratio of 0.98 and a beta of 0.49.

Clorox (NYSE:CLX - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $2.87 EPS for the quarter, beating the consensus estimate of $2.24 by $0.63. Clorox had a net margin of 11.40% and a return on equity of 377.86%. The business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the company posted $1.82 EPS. Clorox's revenue was up 4.5% on a year-over-year basis. Sell-side analysts predict that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Wednesday, August 13th will be issued a $1.24 dividend. This is a boost from Clorox's previous quarterly dividend of $1.22. This represents a $4.96 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, August 13th. Clorox's dividend payout ratio is currently 74.85%.

Clorox Company Profile

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.