Bank of America Corp DE Purchases 199,278 Shares of The Clorox Company (NYSE:CLX)

Bank of America Corp DE boosted its position in The Clorox Company (NYSE:CLXGet Rating) by 23.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,032,428 shares of the company’s stock after acquiring an additional 199,278 shares during the period. Bank of America Corp DE’s holdings in Clorox were worth $143,538,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wetherby Asset Management Inc. boosted its holdings in Clorox by 84.3% in the first quarter. Wetherby Asset Management Inc. now owns 9,506 shares of the company’s stock valued at $1,321,000 after acquiring an additional 4,347 shares during the last quarter. Quent Capital LLC bought a new position in Clorox in the fourth quarter valued at about $37,000. Eaton Vance Management lifted its stake in Clorox by 0.3% in the fourth quarter. Eaton Vance Management now owns 78,849 shares of the company’s stock valued at $13,265,000 after buying an additional 239 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in Clorox by 403.5% in the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 26,685 shares of the company’s stock valued at $3,756,000 after buying an additional 21,385 shares during the period. Finally, Verity Asset Management Inc. acquired a new position in Clorox in the first quarter valued at about $192,000. Institutional investors own 81.69% of the company’s stock.

Clorox Stock Performance

Shares of NYSE CLX opened at $141.28 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.54 and a debt-to-equity ratio of 3.39. The Clorox Company has a 12 month low of $120.50 and a 12 month high of $186.86. The stock has a 50 day moving average of $145.20 and a 200-day moving average of $142.67. The company has a market capitalization of $17.40 billion, a P/E ratio of 37.98, a P/E/G ratio of 2.80 and a beta of 0.18.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Wednesday, October 26th will be paid a dividend of $1.18 per share. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $4.72 annualized dividend and a dividend yield of 3.34%. Clorox’s dividend payout ratio is currently 126.88%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CLX shares. Deutsche Bank Aktiengesellschaft cut their target price on Clorox from $145.00 to $132.00 and set a “hold” rating on the stock in a research note on Tuesday, June 21st. Bank of America started coverage on Clorox in a research report on Wednesday, September 14th. They set an “underperform” rating on the stock. Wells Fargo & Company raised their price target on Clorox from $120.00 to $130.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 13th. DA Davidson raised their price target on Clorox from $123.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, August 12th. Finally, JPMorgan Chase & Co. raised their price target on Clorox from $127.00 to $132.00 in a research report on Thursday, July 21st. Ten research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Clorox has a consensus rating of “Reduce” and an average price target of $130.67.

Clorox Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding CLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Clorox Company (NYSE:CLXGet Rating).

Institutional Ownership by Quarter for Clorox (NYSE:CLX)

Receive News & Ratings for Clorox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clorox and related companies with MarketBeat.com's FREE daily email newsletter.