Zurcher Kantonalbank Zurich Cantonalbank Has $4.46 Million Stake in The Clorox Company $CLX

Key Points

• Zurcher Kantonalbank trimmed its stake in The Clorox Company by 21.2% in Q4, selling 11,888 shares and leaving it with 44,224 shares worth $4.46 million.
• Clorox announced a quarterly dividend of $1.24 per share (annualized $4.96) payable May 8, implying a ~5.0% yield with an ex-dividend date of April 22.
• The company reported Q results of $1.39 EPS, missing estimates by $0.04, while revenue came in at $1.67 billion (a slight beat) but was down 0.8% year-over-year.

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of The Clorox Company (NYSE:CLX - Free Report) by 21.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,224 shares of the company's stock after selling 11,888 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Clorox were worth $4,459,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Center for Financial Planning Inc. acquired a new position in Clorox during the third quarter worth $25,000. Vermillion & White Wealth Management Group LLC acquired a new position in Clorox during the third quarter worth $25,000. True Wealth Design LLC increased its position in Clorox by 1,020.0% during the third quarter. True Wealth Design LLC now owns 224 shares of the company's stock worth $28,000 after buying an additional 204 shares during the last quarter. Root Financial Partners LLC acquired a new position in Clorox during the third quarter worth $29,000. Finally, Darwin Wealth Management LLC acquired a new position in Clorox during the second quarter worth $29,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Clorox Stock Up 1.0%

NYSE CLX opened at $98.68 on Friday. The company has a debt-to-equity ratio of 71.03, a quick ratio of 0.48 and a current ratio of 0.74. The firm has a 50-day simple moving average of $110.40 and a 200 day simple moving average of $109.48. The Clorox Company has a twelve month low of $96.58 and a twelve month high of $143.96. The stock has a market cap of $11.93 billion, a PE ratio of 16.12, a PEG ratio of 0.48 and a beta of 0.65.

Clorox (NYSE:CLX - Get Free Report) last released its earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.04). Clorox had a net margin of 11.17% and a return on equity of 383.01%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the business posted $1.55 EPS. The firm's quarterly revenue was down .8% on a year-over-year basis. On average, research analysts forecast that The Clorox Company will post 5.87 EPS for the current year.

Clorox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Wednesday, April 22nd will be paid a $1.24 dividend. This represents a $4.96 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, April 22nd. Clorox's dividend payout ratio (DPR) is presently 81.05%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CLX shares. Wall Street Zen raised Clorox from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. Deutsche Bank Aktiengesellschaft lowered their price target on Clorox from $101.00 to $100.00 and set a "hold" rating on the stock in a research report on Monday, April 20th. Jefferies Financial Group lowered their price target on Clorox from $151.00 to $139.00 and set a "buy" rating on the stock in a research report on Tuesday. Rothschild & Co Redburn set a $117.00 price target on Clorox in a research report on Friday, February 13th. Finally, BNP Paribas Exane raised Clorox from an "underperform" rating to a "neutral" rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $111.33.

Clorox Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company's flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox's diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.

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