KPP Advisory Services LLC Has $364,000 Stock Holdings in The Clorox Company (NYSE:CLX)

KPP Advisory Services LLC reduced its position in shares of The Clorox Company (NYSE:CLX) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,233 shares of the company’s stock after selling 86 shares during the quarter. KPP Advisory Services LLC’s holdings in Clorox were worth $364,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Foundation Advisors bought a new stake in Clorox during the 1st quarter valued at $31,000. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Clorox by 24.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 181,772 shares of the company’s stock worth $27,711,000 after acquiring an additional 35,477 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Clorox by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 15,277,580 shares of the company’s stock worth $2,339,150,000 after acquiring an additional 48,632 shares during the last quarter. Jacobi Capital Management LLC lifted its position in Clorox by 2.1% in the 1st quarter. Jacobi Capital Management LLC now owns 8,588 shares of the company’s stock valued at $1,315,000 after acquiring an additional 173 shares in the last quarter. Finally, Davis R M Inc. acquired a new position in Clorox during the 1st quarter valued at about $211,000. Institutional investors own 78.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CLX shares. Evercore ISI dropped their target price on Clorox from $140.00 to $139.00 and set an “underperform” rating on the stock in a report on Monday, October 14th. BNP Paribas upgraded shares of Clorox to a “strong sell” rating in a report on Friday, September 6th. Citigroup boosted their price target on shares of Clorox from $165.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. DA Davidson upped their price objective on shares of Clorox from $153.00 to $171.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Jefferies Financial Group raised shares of Clorox from a “hold” rating to a “buy” rating and lifted their target price for the stock from $174.00 to $187.00 in a research report on Tuesday, October 1st. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Clorox presently has an average rating of “Hold” and a consensus target price of $155.00.

Clorox Trading Up 1.1 %

Shares of CLX stock opened at $167.64 on Friday. The Clorox Company has a 1 year low of $127.60 and a 1 year high of $169.09. The company’s fifty day simple moving average is $162.45 and its two-hundred day simple moving average is $147.46. The company has a debt-to-equity ratio of 11.08, a current ratio of 1.00 and a quick ratio of 0.62. The stock has a market capitalization of $20.75 billion, a price-to-earnings ratio of 58.41, a PEG ratio of 3.06 and a beta of 0.41.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.50. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Clorox had a return on equity of 316.08% and a net margin of 4.78%. During the same quarter in the prior year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 27.0% on a year-over-year basis. As a group, analysts anticipate that The Clorox Company will post 6.85 earnings per share for the current year.

Clorox Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 7th. Investors of record on Wednesday, October 23rd were given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Wednesday, October 23rd. Clorox’s dividend payout ratio (DPR) is 170.04%.

Insider Activity at Clorox

In other news, EVP Angela C. Hilt sold 1,733 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $165.52, for a total transaction of $286,846.16. Following the transaction, the executive vice president now directly owns 13,471 shares in the company, valued at approximately $2,229,719.92. This represents a 11.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.57% of the stock is currently owned by insiders.

Clorox Company 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.