Bryn Mawr Capital Management LLC Buys 185 Shares of The Clorox Company (NYSE:CLX)

Bryn Mawr Capital Management LLC lifted its stake in The Clorox Company (NYSE:CLX) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,711 shares of the company’s stock after acquiring an additional 185 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Clorox were worth $440,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Advisor OS LLC grew its stake in shares of Clorox by 14.2% in the fourth quarter. Advisor OS LLC now owns 6,137 shares of the company’s stock worth $997,000 after acquiring an additional 762 shares during the period. Pinnacle West Asset Management Inc. increased its holdings in Clorox by 12.5% during the fourth quarter. Pinnacle West Asset Management Inc. now owns 1,705 shares of the company’s stock valued at $277,000 after buying an additional 190 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in Clorox by 11.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 213,697 shares of the company’s stock valued at $34,707,000 after buying an additional 21,778 shares during the last quarter. Exchange Capital Management Inc. increased its holdings in Clorox by 16.6% during the fourth quarter. Exchange Capital Management Inc. now owns 6,157 shares of the company’s stock valued at $1,000,000 after buying an additional 878 shares during the last quarter. Finally, BankPlus Trust Department purchased a new stake in Clorox during the fourth quarter valued at approximately $40,000. 78.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CLX has been the subject of a number of research reports. StockNews.com cut shares of Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. Wells Fargo & Company upped their target price on shares of Clorox from $157.00 to $161.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. DA Davidson reduced their price objective on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Evercore ISI upped their target price on shares of Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. Finally, TD Cowen upgraded shares of Clorox from a “sell” rating to a “hold” rating and upped their target price for the stock from $155.00 to $170.00 in a research report on Wednesday, November 6th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Clorox has a consensus rating of “Hold” and a consensus price target of $158.21.

Clorox Price Performance

Clorox stock opened at $154.57 on Friday. The firm has a market capitalization of $19.04 billion, a PE ratio of 42.23, a price-to-earnings-growth ratio of 2.62 and a beta of 0.42. The Clorox Company has a 12-month low of $127.60 and a 12-month high of $171.37. The firm has a 50-day moving average price of $157.04 and a 200-day moving average price of $160.05. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52.

Clorox (NYSE:CLX) last posted 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 net margin of 6.38% and a return on equity of 316.87%. During the same quarter in the prior year, the business posted $2.16 EPS. As a group, equities research analysts forecast that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Wednesday, April 23rd. Clorox’s dividend payout ratio is currently 133.33%.

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.