International Assets Investment Management LLC Sells 91,730 Shares of The Clorox Company $CLX

International Assets Investment Management LLC cut its stake in The Clorox Company (NYSE:CLX) by 90.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,541 shares of the company’s stock after selling 91,730 shares during the quarter. International Assets Investment Management LLC’s holdings in Clorox were worth $769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Pension & Wealth Management Advisors Inc. purchased a new stake in Clorox in the 3rd quarter valued at $26,000. Ancora Advisors LLC purchased a new position in Clorox in the second quarter valued at about $28,000. Avalon Trust Co purchased a new position in Clorox in the second quarter valued at approximately $29,000. Markowski Investments purchased a new stake in Clorox in the 2nd quarter worth about $30,000. Finally, Barrett & Company Inc. raised its holdings in Clorox by 86.0% during the 3rd quarter. Barrett & Company Inc. now owns 372 shares of the company’s stock valued at $30,000 after acquiring an additional 172 shares during the period. Institutional investors own 78.53% of the company’s stock.

Insider Transactions at Clorox

In other Clorox news, Director Pierre Breber purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were acquired at an average cost of $100.06 per share, with a total value of $400,240.00. Following the completion of the acquisition, the director directly owned 22,000 shares in the company, valued at $2,201,320. The trade was a 22.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.51% of the company’s stock.

Clorox Stock Up 5.3%

CLX stock opened at $105.29 on Tuesday. The business’s 50-day moving average is $87.77 and its two-hundred day moving average is $99.64. The company has a debt-to-equity ratio of 32.91, a quick ratio of 0.38 and a current ratio of 0.65. The company has a market cap of $12.76 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 3.22 and a beta of 0.59. The Clorox Company has a fifty-two week low of $79.12 and a fifty-two week high of $128.90.

Clorox (NYSE:CLX) last announced its earnings results on Monday, November 2nd. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.48. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Clorox had a net margin of 9.41% and a return on equity of 608.30%. The firm’s revenue was up 33.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. As a group, analysts forecast that The Clorox Company will post 5.75 earnings per share for the current year.

Clorox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.7%. Clorox’s dividend payout ratio is 89.93%.

Wall Street Analysts Forecast Growth

CLX has been the topic of several recent analyst reports. Morgan Stanley raised their price target on Clorox from $87.00 to $94.00 and gave the company an “equal weight” rating in a report on Wednesday, November 4th. Wells Fargo & Company lifted their price objective on Clorox from $85.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 3rd. BNP Paribas Exane reduced their target price on Clorox from $97.00 to $95.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Clorox in a research note on Tuesday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $95.00 price objective on shares of Clorox in a research note on Monday, October 19th. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $93.79.

Clorox Company Profile

The Clorox Company is a consumer products company founded in 1913 and headquartered in Oakland, California. It makes and markets products for household cleaning, food, water filtration, personal care and pet care.

Its portfolio includes Clorox disinfecting and cleaning products, Glad trash bags and food-storage products, Kingsford charcoal, Brita water filters, Hidden Valley dressings and sauces, Burt’s Bees personal-care products, and Fresh Step cat litter. The company also sells products under brands such as Pine-Sol and Liquid-Plumr.

Clorox serves consumers primarily in the United States and also sells products in international markets.