Pictet Asset Management Holding SA Raises Holdings in The Clorox Company (NYSE:CLX)

Pictet Asset Management Holding SA grew its position in shares of The Clorox Company (NYSE:CLX - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,605 shares of the company's stock after purchasing an additional 1,787 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.06% of Clorox worth $12,117,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FMR LLC boosted its stake in shares of Clorox by 27.6% during the third quarter. FMR LLC now owns 776,232 shares of the company's stock valued at $126,456,000 after purchasing an additional 168,111 shares during the period. Townsquare Capital LLC bought a new stake in Clorox in the 3rd quarter worth $363,000. CreativeOne Wealth LLC purchased a new position in shares of Clorox in the third quarter valued at about $213,000. Public Sector Pension Investment Board raised its stake in shares of Clorox by 12.6% during the third quarter. Public Sector Pension Investment Board now owns 5,375 shares of the company's stock valued at $876,000 after acquiring an additional 600 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Clorox by 7,175.3% during the third quarter. Benjamin Edwards Inc. now owns 63,368 shares of the company's stock worth $10,323,000 after purchasing an additional 62,497 shares during the period. 78.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CLX shares. StockNews.com lowered Clorox from a "buy" rating to a "hold" rating in a research report on Sunday, January 5th. Barclays decreased their target price on Clorox from $140.00 to $139.00 and set an "underweight" rating for the company in a report on Thursday, March 27th. DA Davidson cut their price target on shares of Clorox from $171.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company decreased their price objective on shares of Clorox from $161.00 to $155.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $150.00 target price on shares of Clorox in a research note on Thursday, January 30th. Three investment 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $159.00.

Clorox Stock Down 3.3 %

NYSE:CLX traded down $4.93 during mid-day trading on Friday, hitting $143.76. 2,292,858 shares of the company's stock were exchanged, compared to its average volume of 1,285,183. The Clorox Company has a one year low of $127.60 and a one year high of $171.37. The business has a fifty day moving average price of $150.06 and a 200 day moving average price of $158.36. The company has a market cap of $17.71 billion, a PE ratio of 39.28, a P/E/G ratio of 2.62 and a beta of 0.45. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60.

Clorox (NYSE:CLX - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the company posted $2.16 EPS. Equities analysts predict that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Wednesday, April 23rd. Clorox's dividend payout ratio is presently 133.33%.

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.