Successful Portfolios LLC Makes New $211,000 Investment in The Clorox Company (NYSE:CLX)

Successful Portfolios LLC purchased a new position in shares of The Clorox Company (NYSE:CLX) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,293 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors also recently added to or reduced their stakes in CLX. GoalVest Advisory LLC acquired a new position in shares of Clorox in the first quarter valued at approximately $31,000. First Foundation Advisors purchased a new stake in shares of Clorox in the first quarter valued at approximately $31,000. Innealta Capital LLC purchased a new stake in shares of Clorox in the second quarter valued at approximately $30,000. Trifecta Capital Advisors LLC boosted its stake in shares of Clorox by 139.8% in the second quarter. Trifecta Capital Advisors LLC now owns 223 shares of the company’s stock valued at $30,000 after buying an additional 130 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Clorox by 99.1% in the second quarter. Quarry LP now owns 229 shares of the company’s stock valued at $31,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

CLX has been the topic of a number of analyst reports. TD Cowen initiated coverage on Clorox in a research note on Tuesday, July 23rd. They issued a “sell” rating and a $122.00 price target on the stock. DA Davidson reiterated a “neutral” rating and set a $153.00 target price on shares of Clorox in a research report on Friday, September 6th. Citigroup boosted their target price on Clorox from $165.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Wells Fargo & Company decreased their target price on Clorox from $135.00 to $130.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group raised Clorox from a “hold” rating to a “buy” rating and boosted their price target for the stock from $174.00 to $187.00 in a report on Tuesday, October 1st. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Clorox presently has an average rating of “Hold” and a consensus target price of $148.33.

Insider Transactions at Clorox

In related 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 value of $286,846.16. Following the completion of the transaction, the executive vice president now owns 13,471 shares of the company’s stock, valued at approximately $2,229,719.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.51% of the company’s stock.

Clorox Stock Up 1.0 %

Shares of NYSE CLX traded up $1.63 on Friday, hitting $159.68. The company had a trading volume of 83,674 shares, compared to its average volume of 1,236,916. The Clorox Company has a 12-month low of $114.68 and a 12-month high of $169.09. The business has a 50 day moving average of $157.03 and a two-hundred day moving average of $144.74. The company has a quick ratio of 0.63, a current ratio of 1.03 and a debt-to-equity ratio of 5.04. The firm has a market capitalization of $19.78 billion, a P/E ratio of 71.25, a PEG ratio of 3.19 and a beta of 0.41.

Clorox (NYSE:CLX) last issued its earnings results on Thursday, August 1st. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.28. Clorox had a return on equity of 281.12% and a net margin of 3.95%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.97 billion. As a group, equities research analysts forecast that The Clorox Company will post 6.64 earnings per share for the current fiscal year.

Clorox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Wednesday, October 23rd will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Wednesday, October 23rd. Clorox’s payout ratio is 217.86%.

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.