Amalgamated Bank Sells 4,290 Shares of The Clorox Company (NYSE:CLX)

Amalgamated Bank trimmed its stake in The Clorox Company (NYSE:CLX) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,617 shares of the company’s stock after selling 4,290 shares during the period. Amalgamated Bank’s holdings in Clorox were worth $4,366,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Fortitude Family Office LLC purchased a new stake in Clorox during the 4th quarter valued at about $29,000. Tyler Stone Wealth Management increased its holdings in Clorox by 64.5% in the 3rd quarter. Tyler Stone Wealth Management now owns 255 shares of the company’s stock worth $33,000 after buying an additional 100 shares during the period. Hartford Financial Management Inc. raised its position in Clorox by 57.1% during the 4th quarter. Hartford Financial Management Inc. now owns 256 shares of the company’s stock worth $37,000 after buying an additional 93 shares during the last quarter. Valley National Advisers Inc. lifted its stake in Clorox by 458.3% during the 4th quarter. Valley National Advisers Inc. now owns 268 shares of the company’s stock valued at $38,000 after acquiring an additional 220 shares during the period. Finally, BKM Wealth Management LLC purchased a new stake in shares of Clorox in the 4th quarter valued at $41,000. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CLX. JPMorgan Chase & Co. decreased their target price on shares of Clorox from $159.00 to $158.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Wells Fargo & Company dropped their target price on Clorox from $140.00 to $135.00 and set an “underweight” rating on the stock in a report on Thursday, May 2nd. Barclays decreased their price target on Clorox from $136.00 to $132.00 and set an “underweight” rating for the company in a report on Thursday, May 2nd. Evercore ISI dropped their price objective on shares of Clorox from $145.00 to $142.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 1st. Finally, Jefferies Financial Group upgraded shares of Clorox from an “underperform” rating to a “hold” rating and set a $145.00 target price for the company in a research note on Tuesday, March 26th. Four research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $146.43.

Clorox Stock Performance

NYSE CLX opened at $140.45 on Thursday. The business has a 50 day moving average price of $148.00 and a 200 day moving average price of $143.67. The company has a debt-to-equity ratio of 9.73, a current ratio of 0.90 and a quick ratio of 0.53. The company has a market capitalization of $17.44 billion, a P/E ratio of 72.77, a PEG ratio of 2.13 and a beta of 0.44. The Clorox Company has a 1-year low of $114.68 and a 1-year high of $170.43.

Clorox (NYSE:CLX) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.33 by $0.38. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.87 billion. Clorox had a net margin of 3.33% and a return on equity of 302.49%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.51 earnings per share. Sell-side analysts expect that The Clorox Company will post 5.83 EPS for the current fiscal year.

Clorox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.80 dividend on an annualized basis and a yield of 3.42%. Clorox’s payout ratio is 248.70%.

Clorox Company 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.