Groupama Asset Managment Buys Shares of 12,011 The Clorox Company (NYSE:CLX)

Groupama Asset Managment purchased a new position in shares of The Clorox Company (NYSE:CLX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,011 shares of the company’s stock, valued at approximately $1,939,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group lifted its stake in 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 purchasing an additional 95 shares during the last quarter. Continuum Advisory LLC lifted its stake in shares of Clorox by 300.0% in the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock valued at $30,000 after acquiring an additional 138 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Clorox during the 4th quarter valued at $31,000. Asset Planning Inc bought a new stake in Clorox during the 4th quarter worth $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Clorox in the 4th quarter worth about $36,000. 78.53% of the stock is currently owned by institutional investors.

Clorox Stock Down 0.1 %

Clorox stock opened at $147.77 on Thursday. The company has a market capitalization of $18.20 billion, a PE ratio of 40.37, a PEG ratio of 2.62 and a beta of 0.45. The Clorox Company has a 12-month low of $127.60 and a 12-month high of $171.37. The firm’s fifty day moving average is $150.61 and its 200 day moving average is $158.66. 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 released its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the firm posted $2.16 EPS. As a group, sell-side analysts predict that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Wednesday, April 23rd. Clorox’s payout ratio is 133.33%.

Analyst Ratings Changes

Several analysts have recently weighed in on CLX shares. StockNews.com cut Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. Barclays decreased their price target on shares of Clorox from $140.00 to $139.00 and set an “underweight” rating for the company in a research report on Thursday, March 27th. Evercore ISI lifted their price target on shares of Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. DA Davidson decreased their price objective on Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 target price on shares of Clorox in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Clorox presently has an average rating of “Hold” and an average target price of $159.00.

Clorox 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.