The Clorox Company $CLX Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in The Clorox Company (NYSE:CLX) by 3.4% in the third quarter, HoldingsChannel.com reports. The firm owned 276,768 shares of the company’s stock after buying an additional 9,013 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Clorox were worth $34,125,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Clorox by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 15,845,496 shares of the company’s stock valued at $1,902,569,000 after buying an additional 272,420 shares in the last quarter. Invesco Ltd. lifted its position in Clorox by 138.3% in the second quarter. Invesco Ltd. now owns 3,245,175 shares of the company’s stock valued at $389,648,000 after acquiring an additional 1,883,465 shares during the last quarter. Norges Bank acquired a new position in Clorox in the second quarter valued at $190,429,000. ProShare Advisors LLC boosted its stake in Clorox by 11.7% in the third quarter. ProShare Advisors LLC now owns 1,297,016 shares of the company’s stock valued at $159,922,000 after acquiring an additional 136,135 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Clorox by 218.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,249,127 shares of the company’s stock worth $149,983,000 after purchasing an additional 856,873 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Clorox Price Performance

Clorox stock opened at $127.28 on Monday. The company has a debt-to-equity ratio of 71.03, a current ratio of 0.74 and a quick ratio of 0.48. The business has a 50 day simple moving average of $112.42 and a 200-day simple moving average of $113.62. The Clorox Company has a 12 month low of $96.66 and a 12 month high of $158.91. The stock has a market capitalization of $15.39 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 0.63 and a beta of 0.59.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Clorox had a net margin of 11.17% and a return on equity of 383.01%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the business earned $1.55 earnings per share. Equities analysts predict that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Wednesday, April 22nd will be paid a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, April 22nd. Clorox’s payout ratio is 81.05%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CLX. Barclays reissued an “underweight” rating and issued a $109.00 target price on shares of Clorox in a report on Friday, January 16th. BNP Paribas Exane upgraded Clorox from an “underperform” rating to a “neutral” rating in a research note on Wednesday, February 11th. Zacks Research upgraded shares of Clorox from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. The Goldman Sachs Group cut their target price on shares of Clorox from $110.00 to $94.00 and set a “sell” rating on the stock in a report on Wednesday, January 7th. Finally, Evercore decreased their price target on shares of Clorox from $132.00 to $115.00 and set an “underperform” rating for the company in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $118.73.

Clorox Company Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.