Alberta Investment Management Corp Buys 21,600 Shares of The Clorox Company (NYSE:CLX)

Alberta Investment Management Corp increased its stake in The Clorox Company (NYSE:CLX) by 526.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,700 shares of the company’s stock after purchasing an additional 21,600 shares during the quarter. Alberta Investment Management Corp’s holdings in Clorox were worth $4,174,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Wealth Group Ltd. bought a new position in Clorox during the third quarter worth about $231,000. Creative Planning raised its position in shares of Clorox by 7.4% in the third quarter. Creative Planning now owns 29,089 shares of the company’s stock valued at $4,739,000 after purchasing an additional 1,996 shares during the period. Blue Trust Inc. lifted its stake in shares of Clorox by 34.7% during the 3rd quarter. Blue Trust Inc. now owns 913 shares of the company’s stock valued at $149,000 after buying an additional 235 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Clorox by 2.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,228 shares of the company’s stock worth $689,000 after buying an additional 102 shares during the period. Finally, Waldron Private Wealth LLC purchased a new position in Clorox in the 3rd quarter valued at approximately $217,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. TD Cowen upgraded Clorox from a “sell” rating to a “hold” rating and increased their target price for the stock from $155.00 to $170.00 in a research report on Wednesday, November 6th. Wells Fargo & Company increased their price objective on Clorox from $157.00 to $161.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 target price on shares of Clorox in a research note on Thursday, January 30th. DA Davidson decreased their price target on Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, Barclays raised their price objective on shares of Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a research report on Wednesday, February 5th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Clorox has a consensus rating of “Hold” and a consensus price target of $158.21.

Clorox Price Performance

Shares of NYSE:CLX opened at $152.93 on Friday. The company’s fifty day moving average price is $158.11 and its 200-day moving average price is $159.68. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60. The firm has a market capitalization of $18.84 billion, a price-to-earnings ratio of 41.78, a PEG ratio of 2.54 and a beta of 0.42. The Clorox Company has a one year low of $127.60 and a one year high of $171.37.

Clorox (NYSE:CLX) last released its earnings results on Monday, February 3rd. The company reported $1.55 EPS for the quarter, beating 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 period in the previous year, the firm earned $2.16 EPS. On average, equities research analysts anticipate that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox 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.