KFG Wealth Management LLC Buys 176 Shares of The Clorox Company (NYSE:CLX)

KFG Wealth Management LLC raised its stake in shares of The Clorox Company (NYSE:CLX) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,853 shares of the company’s stock after purchasing an additional 176 shares during the quarter. KFG Wealth Management LLC’s holdings in Clorox were worth $662,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Raymond James & Associates increased its holdings in shares of Clorox by 32.8% during the 2nd quarter. Raymond James & Associates now owns 267,632 shares of the company’s stock worth $36,524,000 after purchasing an additional 66,149 shares during the period. Blue Trust Inc. increased its holdings in shares of Clorox by 14.3% during the 2nd quarter. Blue Trust Inc. now owns 678 shares of the company’s stock worth $93,000 after purchasing an additional 85 shares during the period. Triad Wealth Partners LLC bought a new position in shares of Clorox during the 2nd quarter worth about $62,000. Assenagon Asset Management S.A. increased its holdings in shares of Clorox by 371.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 96,969 shares of the company’s stock worth $13,233,000 after purchasing an additional 76,397 shares during the period. Finally, Bar Harbor Wealth Management increased its holdings in shares of Clorox by 4.4% during the 2nd quarter. Bar Harbor Wealth Management now owns 2,621 shares of the company’s stock worth $358,000 after purchasing an additional 110 shares during the period. Institutional investors own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CLX shares. Barclays upped their target price on shares of Clorox from $122.00 to $130.00 and gave the company an “underweight” rating in a research note on Monday, August 5th. Argus raised shares of Clorox to a “hold” rating in a research note on Tuesday, June 4th. Citigroup lowered their target price on shares of Clorox from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. TD Cowen started coverage on shares of Clorox in a research note on Tuesday, July 23rd. They issued a “sell” rating and a $122.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on shares of Clorox from $135.00 to $130.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Six research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $141.94.

Clorox Price Performance

Shares of CLX stock traded down $0.53 during trading hours on Friday, reaching $145.40. 926,064 shares of the company were exchanged, compared to its average volume of 1,260,555. The Clorox Company has a fifty-two week low of $114.68 and a fifty-two week high of $158.89. The stock’s fifty day moving average is $136.47 and its two-hundred day moving average is $142.39. The company has a market cap of $18.06 billion, a price-to-earnings ratio of 75.34, a P/E/G ratio of 1.97 and a beta of 0.39. The company has a debt-to-equity ratio of 9.73, a current ratio of 0.90 and a quick ratio of 0.53.

Clorox Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.36%. This is a positive change from Clorox’s previous quarterly dividend of $1.20. The ex-dividend date is Tuesday, August 13th. Clorox’s dividend payout ratio is presently 252.85%.

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.