TD Waterhouse Canada Inc. Decreases Stock Holdings in The Clorox Company (NYSE:CLX)

TD Waterhouse Canada Inc. lowered its stake in shares of The Clorox Company (NYSE:CLX) by 41.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 708 shares of the company’s stock after selling 500 shares during the period. TD Waterhouse Canada Inc.’s holdings in Clorox were worth $115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CLX. Virtu Financial LLC purchased a new stake in shares of Clorox in the third quarter valued at about $714,000. Diamant Asset Management Inc. lifted its holdings in shares of Clorox by 12.5% in the third quarter. Diamant Asset Management Inc. now owns 2,250 shares of the company’s stock valued at $367,000 after purchasing an additional 250 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Clorox by 12.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 10,366 shares of the company’s stock valued at $1,689,000 after purchasing an additional 1,150 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Clorox by 1.3% in the third quarter. Tidal Investments LLC now owns 29,913 shares of the company’s stock valued at $4,873,000 after purchasing an additional 393 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Clorox by 10.4% in the third quarter. Franklin Resources Inc. now owns 135,225 shares of the company’s stock valued at $21,840,000 after purchasing an additional 12,776 shares in the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CLX. DA Davidson reduced their price target on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Barclays cut their price objective on shares of Clorox from $139.00 to $134.00 and set an “underweight” rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. cut their price objective on shares of Clorox from $173.00 to $151.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. StockNews.com lowered shares of Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Finally, Wells Fargo & Company cut their price objective on shares of Clorox from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Clorox presently has an average rating of “Hold” and an average price target of $153.83.

Clorox Stock Up 0.5 %

Shares of NYSE:CLX opened at $138.28 on Monday. The Clorox Company has a 1 year low of $127.60 and a 1 year high of $171.37. The stock has a 50-day simple moving average of $145.61 and a 200-day simple moving average of $155.63. The stock has a market capitalization of $17.03 billion, a P/E ratio of 37.78, a PEG ratio of 2.62 and a beta of 0.61. The company has a debt-to-equity ratio of 20.52, a quick ratio of 0.60 and a current ratio of 0.94.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates 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. Equities analysts forecast that The Clorox Company will post 7.15 earnings per share for the current 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. The ex-dividend date is Wednesday, April 23rd. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.53%. Clorox’s payout ratio is currently 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.