DNB Asset Management AS Buys 587 Shares of The Clorox Company (NYSE:CLX)

DNB Asset Management AS increased its stake in shares of The Clorox Company (NYSE:CLX) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,378 shares of the company’s stock after acquiring an additional 587 shares during the quarter. DNB Asset Management AS’s holdings in Clorox were worth $2,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Venturi Wealth Management LLC boosted its holdings in shares of Clorox by 308.5% during the first quarter. Venturi Wealth Management LLC now owns 192 shares of the company’s stock worth $29,000 after purchasing an additional 145 shares during the period. Northwest Financial Advisors bought a new stake in shares of Clorox in the 4th quarter worth approximately $29,000. Core Wealth Advisors Inc. purchased a new position in shares of Clorox during the fourth quarter valued at approximately $29,000. First United Bank & Trust bought a new position in shares of Clorox during the fourth quarter valued at approximately $31,000. Finally, GoalVest Advisory LLC purchased a new stake in Clorox in the first quarter worth $31,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Clorox Stock Up 0.4 %

NYSE:CLX traded up $0.56 on Tuesday, reaching $143.23. 1,955,234 shares of the stock traded hands, compared to its average volume of 1,271,278. The company’s fifty day simple moving average is $134.13 and its 200 day simple moving average is $142.37. The company has a market capitalization of $17.79 billion, a price-to-earnings ratio of 74.54, a PEG ratio of 1.97 and a beta of 0.39. The Clorox Company has a 12 month low of $114.68 and a 12 month high of $165.40. The company has a current ratio of 0.90, a quick ratio of 0.53 and a debt-to-equity ratio of 9.73.

Clorox Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be issued a $1.22 dividend. This is a positive change from Clorox’s previous quarterly dividend of $1.20. This represents a $4.88 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, August 14th. Clorox’s payout ratio is presently 248.71%.

Analyst Ratings Changes

A number of brokerages have issued reports on CLX. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Clorox from $144.00 to $151.00 and gave the company a “hold” rating in a research report on Friday. BNP Paribas assumed coverage on shares of Clorox in a report on Monday, June 24th. They issued an “underperform” rating and a $130.00 price objective for the company. Evercore ISI cut their price objective on Clorox from $145.00 to $142.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 1st. DA Davidson decreased their target price on Clorox from $162.00 to $153.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Citigroup dropped their price target on Clorox from $150.00 to $145.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Six equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to data from MarketBeat, Clorox has a consensus rating of “Hold” and an average target price of $141.94.

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.