Amalgamated Bank Reduces Stake in The Clorox Company (NYSE:CLX)

Amalgamated Bank trimmed its position in shares of The Clorox Company (NYSE:CLX) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,744 shares of the company’s stock after selling 349 shares during the quarter. Amalgamated Bank’s holdings in Clorox were worth $4,181,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CLX. Exchange Capital Management Inc. grew its stake in Clorox by 16.6% in the 4th quarter. Exchange Capital Management Inc. now owns 6,157 shares of the company’s stock valued at $1,000,000 after acquiring an additional 878 shares during the last quarter. BankPlus Trust Department acquired a new position in Clorox during the fourth quarter worth about $40,000. IFP Advisors Inc lifted its holdings in shares of Clorox by 16.9% in the fourth quarter. IFP Advisors Inc now owns 4,516 shares of the company’s stock valued at $733,000 after purchasing an additional 653 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Clorox in the fourth quarter valued at approximately $285,000. Finally, MONECO Advisors LLC increased its stake in shares of Clorox by 22.6% during the 4th quarter. MONECO Advisors LLC now owns 1,955 shares of the company’s stock worth $318,000 after purchasing an additional 361 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CLX shares. DA Davidson reduced their target price on Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 price objective on shares of Clorox in a research report on Thursday, January 30th. StockNews.com cut Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. JPMorgan Chase & Co. upped their target price on shares of Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, TD Cowen raised shares of Clorox from a “sell” rating to a “hold” rating and raised their price target for the stock from $155.00 to $170.00 in a research note on Wednesday, November 6th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Clorox has a consensus rating of “Hold” and a consensus price target of $158.21.

Clorox Stock Performance

NYSE:CLX opened at $156.52 on Friday. The company has a market cap of $19.28 billion, a P/E ratio of 42.76, a P/E/G ratio of 2.62 and a beta of 0.42. The firm’s 50 day moving average is $156.88 and its two-hundred day moving average is $160.15. The Clorox Company has a fifty-two week low of $127.60 and a fifty-two week high of $171.37. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52.

Clorox (NYSE:CLX) last issued its earnings results on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate 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 last year, the company posted $2.16 EPS. Analysts expect that The Clorox Company will post 7.15 EPS for the current year.

Clorox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Wednesday, April 23rd. Clorox’s dividend payout ratio is currently 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.