Global X Japan Co. Ltd. Increases Stock Position in The Clorox Company (NYSE:CLX)

Global X Japan Co. Ltd. grew its stake in The Clorox Company (NYSE:CLX) by 3.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,272 shares of the company’s stock after buying an additional 95 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Clorox were worth $531,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group increased its stake in Clorox by 163.8% in the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock valued at $25,000 after acquiring an additional 95 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in shares of Clorox in the 3rd quarter worth about $27,000. Continuum Advisory LLC increased its position in shares of Clorox by 300.0% during the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock valued at $30,000 after purchasing an additional 138 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of Clorox during the 3rd quarter valued at about $48,000. Finally, Friedenthal Financial bought a new stake in Clorox in the 3rd quarter worth approximately $49,000. Institutional investors own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Clorox from $171.00 to $173.00 and gave the stock a “neutral” rating in a research note on Tuesday. Barclays lifted their target price on shares of Clorox from $130.00 to $140.00 and gave the stock an “underweight” rating in a research report on Wednesday. TD Cowen raised Clorox from a “sell” rating to a “hold” rating and raised their price objective for the company from $155.00 to $170.00 in a research note on Wednesday, November 6th. Wells Fargo & Company lifted their price objective on Clorox from $157.00 to $161.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, DA Davidson dropped their target price on Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Clorox presently has an average rating of “Hold” and a consensus price target of $158.21.

Clorox Stock Performance

Shares of CLX opened at $147.55 on Friday. The Clorox Company has a one year low of $127.60 and a one year high of $171.37. The company has a 50-day simple moving average of $161.83 and a two-hundred day simple moving average of $158.67. The company has a debt-to-equity ratio of 11.08, a current ratio of 1.00 and a quick ratio of 0.62. The firm has a market capitalization of $18.26 billion, a PE ratio of 51.41, a price-to-earnings-growth ratio of 2.92 and a beta of 0.42.

Clorox (NYSE:CLX) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.16. Clorox had a return on equity of 316.08% and a net margin of 4.78%. During the same quarter last year, the firm earned $2.16 EPS. On average, analysts anticipate that The Clorox Company will post 6.86 EPS for the current fiscal year.

Clorox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Wednesday, January 29th will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Wednesday, January 29th. Clorox’s dividend payout ratio (DPR) is presently 170.04%.

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.