Cibc World Markets Corp Buys 6,345 Shares of The Clorox Company (NYSE:CLX)

Cibc World Markets Corp lifted its stake in The Clorox Company (NYSE:CLX) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,572 shares of the company’s stock after buying an additional 6,345 shares during the period. Cibc World Markets Corp’s holdings in Clorox were worth $7,889,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Integral Investment Advisors Inc. lifted its position in shares of Clorox by 4.1% in the 4th quarter. Integral Investment Advisors Inc. now owns 1,718 shares of the company’s stock worth $279,000 after acquiring an additional 67 shares during the period. HCR Wealth Advisors raised its stake in shares of Clorox by 1.0% in the fourth 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 lifted its position in Clorox by 6.1% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,345 shares of the company’s stock worth $218,000 after purchasing an additional 77 shares during the period. Aviance Capital Partners LLC boosted its stake in Clorox by 2.7% during the third quarter. Aviance Capital Partners LLC now owns 3,080 shares of the company’s stock worth $502,000 after buying an additional 80 shares in the last quarter. Finally, Brooklyn Investment Group raised its stake in shares of 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 in the last quarter. 78.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CLX. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 target price on shares of Clorox in a research report on Thursday, January 30th. Wells Fargo & Company upped their price objective on Clorox from $157.00 to $161.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. DA Davidson cut their target price on Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. StockNews.com cut Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Finally, Barclays lifted their price objective on Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $159.62.

Clorox Trading Down 2.5 %

CLX opened at $144.70 on Wednesday. The Clorox Company has a 1-year low of $127.60 and a 1-year high of $171.37. The stock has a market capitalization of $17.83 billion, a PE ratio of 39.54, a PEG ratio of 2.62 and a beta of 0.45. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52. The firm has a 50-day moving average price of $153.71 and a two-hundred day moving average price of $160.08.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.16. Clorox had a net margin of 6.38% and a return on equity of 316.87%. During the same period last year, the company earned $2.16 earnings per share. As a group, equities analysts anticipate that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Wednesday, April 23rd. Clorox’s dividend payout ratio (DPR) is presently 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.