iA Global Asset Management Inc. Acquires 327 Shares of The Clorox Company (NYSE:CLX)

iA Global Asset Management Inc. grew its stake in The Clorox Company (NYSE:CLX) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,199 shares of the company’s stock after acquiring an additional 327 shares during the period. iA Global Asset Management Inc.’s holdings in Clorox were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CLX. CIBC Private Wealth Group LLC raised its position in shares of Clorox by 0.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 13,900 shares of the company’s stock worth $1,982,000 after acquiring an additional 66 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Clorox by 6.2% during the 1st quarter. Lindbrook Capital LLC now owns 1,182 shares of the company’s stock worth $181,000 after purchasing an additional 69 shares during the last quarter. Blue Trust Inc. lifted its position in Clorox by 14.3% during the 2nd quarter. Blue Trust Inc. now owns 678 shares of the company’s stock valued at $93,000 after purchasing an additional 85 shares during the period. First National Bank of Omaha boosted its stake in shares of Clorox by 1.5% in the 4th quarter. First National Bank of Omaha now owns 5,975 shares of the company’s stock valued at $852,000 after purchasing an additional 86 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its holdings in Clorox by 3.9% during the 2nd quarter. Diversify Advisory Services LLC now owns 2,441 shares of the company’s stock worth $322,000 after acquiring an additional 92 shares during the period. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on CLX shares. BNP Paribas initiated coverage on Clorox in a research report on Monday, June 24th. They issued an “underperform” rating and a $130.00 price target on the stock. Argus upgraded Clorox to a “hold” rating in a report on Tuesday, June 4th. Citigroup boosted their price objective on shares of Clorox from $145.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday. Wells Fargo & Company cut their target price on shares of Clorox from $135.00 to $130.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Finally, DA Davidson decreased their price target on shares of Clorox from $162.00 to $153.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $143.19.

Clorox Trading Up 0.7 %

NYSE:CLX opened at $158.32 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.90 and a debt-to-equity ratio of 9.73. The Clorox Company has a twelve month low of $114.68 and a twelve month high of $159.05. The company has a market cap of $19.66 billion, a P/E ratio of 82.03, a price-to-earnings-growth ratio of 1.97 and a beta of 0.39. The business has a 50 day moving average price of $139.81 and a two-hundred day moving average price of $142.52.

Clorox (NYSE:CLX) last announced its earnings results on Thursday, August 1st. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.54 by $0.28. Clorox had a net margin of 3.95% and a return on equity of 382.58%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.97 billion. As a group, analysts expect that The Clorox Company will post 6.4 EPS for the current fiscal year.

Clorox Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.08%. The ex-dividend date was Tuesday, August 13th. This is a positive change from Clorox’s previous quarterly dividend of $1.20. Clorox’s dividend payout ratio is presently 252.85%.

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.