AXQ Capital LP Makes New $447,000 Investment in The Clorox Company (NYSE:CLX)

AXQ Capital LP purchased a new stake in shares of The Clorox Company (NYSE:CLX) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,754 shares of the company’s stock, valued at approximately $447,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. grew its stake in Clorox by 28.6% in the 4th quarter. Sei Investments Co. now owns 98,794 shares of the company’s stock worth $16,045,000 after buying an additional 21,970 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Clorox by 17.9% during the 4th quarter. American Century Companies Inc. now owns 76,400 shares of the company’s stock worth $12,408,000 after acquiring an additional 11,606 shares during the last quarter. Mizuho Securities USA LLC grew its position in Clorox by 46.1% in the fourth quarter. Mizuho Securities USA LLC now owns 11,732 shares of the company’s stock worth $1,905,000 after acquiring an additional 3,700 shares in the last quarter. Quantbot Technologies LP increased its stake in Clorox by 1,862.9% in the fourth quarter. Quantbot Technologies LP now owns 5,339 shares of the company’s stock valued at $867,000 after acquiring an additional 5,067 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new stake in Clorox during the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays increased their price objective on Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a research report on Wednesday, February 5th. StockNews.com cut shares of Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Evercore ISI boosted their price objective on shares of Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. Wells Fargo & Company lifted their target price on shares of Clorox from $157.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Finally, DA Davidson lowered their price target on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $159.62.

Clorox Stock Down 0.3 %

NYSE CLX opened at $144.88 on Friday. The business’s 50-day moving average is $152.84 and its 200 day moving average is $159.77. The stock has a market capitalization of $17.85 billion, a PE ratio of 39.58, a PEG 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. The Clorox Company has a 1 year low of $127.60 and a 1 year high of $171.37.

Clorox (NYSE:CLX) last posted its earnings results on Monday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the firm earned $2.16 EPS. Sell-side analysts forecast that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Announces Dividend

The business 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 $1.22 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.88 annualized dividend and a dividend yield of 3.37%. Clorox’s dividend payout ratio is 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.