Integrity Alliance LLC. purchased a new stake in The Clorox Company (NYSE:CLX – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,845 shares of the company’s stock, valued at approximately $419,000.
Other large investors also recently bought and sold shares of the company. Wood Tarver Financial Group LLC acquired a new position in Clorox in the fourth quarter valued at approximately $31,000. Ransom Advisory Ltd acquired a new position in shares of Clorox during the 1st quarter worth approximately $35,000. GW&K Investment Management LLC raised its stake in shares of Clorox by 239.1% during the 1st quarter. GW&K Investment Management LLC now owns 295 shares of the company’s stock worth $43,000 after buying an additional 208 shares during the period. Roble Belko & Company Inc raised its stake in shares of Clorox by 140.7% during the 1st quarter. Roble Belko & Company Inc now owns 361 shares of the company’s stock worth $53,000 after buying an additional 211 shares during the period. Finally, Menard Financial Group LLC acquired a new position in shares of Clorox during the 4th quarter worth approximately $63,000. 78.53% of the stock is owned by institutional investors and hedge funds.
Clorox Stock Down 0.5%
NYSE CLX opened at $123.75 on Friday. The business has a fifty day moving average price of $124.27 and a 200 day moving average price of $132.44. The Clorox Company has a one year low of $116.53 and a one year high of $171.37. The company has a debt-to-equity ratio of 5.15, a quick ratio of 0.57 and a current ratio of 0.84. The company has a market cap of $15.14 billion, a P/E ratio of 18.98, a P/E/G ratio of 1.00 and a beta of 0.52.
Clorox Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 13th were paid a $1.24 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $4.96 annualized dividend and a yield of 4.0%. This is an increase from Clorox’s previous quarterly dividend of $1.22. Clorox’s dividend payout ratio is currently 76.07%.
Analyst Ratings Changes
CLX has been the subject of several research analyst reports. Citigroup reaffirmed a “neutral” rating and set a $135.00 target price (down from $140.00) on shares of Clorox in a research note on Tuesday, July 15th. JPMorgan Chase & Co. upped their target price on Clorox from $133.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, September 8th. UBS Group reduced their target price on Clorox from $150.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Jefferies Financial Group reduced their target price on Clorox from $167.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, June 26th. Finally, Morgan Stanley reduced their target price on Clorox from $150.00 to $137.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Clorox currently has a consensus rating of “Reduce” and a consensus target price of $142.18.
Get Our Latest Stock Analysis on Clorox
Insider Buying and Selling
In related news, COO Eric H. Reynolds sold 15,041 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $123.78, for a total value of $1,861,774.98. Following the completion of the transaction, the chief operating officer directly owned 54,221 shares of the company’s stock, valued at approximately $6,711,475.38. This represents a 21.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.57% of the company’s stock.
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.
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