Zurcher Kantonalbank Zurich Cantonalbank Grows Position in The Clorox Company (NYSE:CLX)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of The Clorox Company (NYSE:CLX) by 3.0% in the second quarter, Holdings Channel.com reports. The firm owned 48,221 shares of the company’s stock after purchasing an additional 1,427 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Clorox were worth $6,581,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its stake in shares of Clorox by 0.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 13,900 shares of the company’s stock worth $1,982,000 after purchasing an additional 66 shares during the period. Lindbrook Capital LLC boosted its position in Clorox by 6.2% in the 1st quarter. Lindbrook Capital LLC now owns 1,182 shares of the company’s stock valued at $181,000 after buying an additional 69 shares during the period. Blue Trust Inc. boosted its position in Clorox by 14.3% in the 2nd quarter. Blue Trust Inc. now owns 678 shares of the company’s stock valued at $93,000 after buying an additional 85 shares during the period. First National Bank of Omaha boosted its position in Clorox by 1.5% in the 4th quarter. First National Bank of Omaha now owns 5,975 shares of the company’s stock valued at $852,000 after buying an additional 86 shares during the period. Finally, Diversify Advisory Services LLC boosted its position in Clorox by 3.9% in the 2nd quarter. Diversify Advisory Services LLC now owns 2,441 shares of the company’s stock valued at $322,000 after buying an additional 92 shares during the period. 78.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on CLX. Citigroup boosted their price objective on shares of Clorox from $145.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday. TD Cowen began coverage on shares of Clorox in a research report on Tuesday, July 23rd. They issued a “sell” rating and a $122.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of Clorox from $150.00 to $148.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company lowered their price objective on shares of Clorox from $135.00 to $130.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Finally, Argus raised shares of Clorox to a “hold” rating in a research report on Tuesday, June 4th. Six investment analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $143.19.

Clorox Stock Up 0.4 %

Shares of NYSE CLX traded up $0.65 during trading hours on Friday, hitting $157.91. 363,715 shares of the stock were exchanged, compared to its average volume of 1,250,304. The company has a quick ratio of 0.53, a current ratio of 0.90 and a debt-to-equity ratio of 9.73. The company has a market cap of $19.61 billion, a PE ratio of 81.48, a PEG ratio of 1.97 and a beta of 0.39. The firm has a fifty day moving average price of $139.38 and a 200-day moving average price of $142.41. The Clorox Company has a 12 month low of $114.68 and a 12 month high of $159.05.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.54 by $0.28. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.97 billion. Clorox had a net margin of 3.95% and a return on equity of 382.58%. On average, sell-side analysts expect that The Clorox Company will post 6.4 EPS for the current year.

Clorox Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be issued a $1.22 dividend. The ex-dividend date is Tuesday, August 13th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.09%. This is a boost from Clorox’s previous quarterly dividend of $1.20. Clorox’s dividend payout ratio (DPR) is currently 252.85%.

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.