Bruce G. Allen Investments LLC Acquires New Holdings in The Clorox Company (NYSE:CLX)

Bruce G. Allen Investments LLC purchased a new stake in shares of The Clorox Company (NYSE:CLXFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 513 shares of the company’s stock, valued at approximately $73,000.

Other large investors have also recently modified their holdings of the company. BKM Wealth Management LLC acquired a new stake in shares of Clorox during the fourth quarter worth $41,000. Sound Income Strategies LLC increased its position in shares of Clorox by 16,675.0% during the fourth quarter. Sound Income Strategies LLC now owns 671 shares of the company’s stock worth $96,000 after buying an additional 667 shares during the period. Nordea Investment Management AB increased its position in shares of Clorox by 4.0% during the fourth quarter. Nordea Investment Management AB now owns 9,551 shares of the company’s stock worth $1,362,000 after buying an additional 364 shares during the period. Ridgecrest Wealth Partners LLC increased its stake in Clorox by 25.0% in the fourth quarter. Ridgecrest Wealth Partners LLC now owns 3,500 shares of the company’s stock valued at $499,000 after purchasing an additional 700 shares in the last quarter. Finally, Abner Herrman & Brock LLC bought a new stake in Clorox in the 4th quarter valued at about $214,000. Institutional investors own 77.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CLX. Barclays boosted their target price on Clorox from $115.00 to $118.00 and gave the company an “underweight” rating in a research report on Tuesday, January 16th. DA Davidson reissued a “neutral” rating and set a $162.00 price objective on shares of Clorox in a report on Monday, February 5th. JPMorgan Chase & Co. boosted their price objective on Clorox from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. The Goldman Sachs Group initiated coverage on Clorox in a report on Friday, March 1st. They set a “sell” rating and a $140.00 price objective for the company. Finally, Bank of America raised Clorox from an “underperform” rating to a “neutral” rating and upped their target price for the company from $120.00 to $150.00 in a report on Friday, December 15th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $144.33.

View Our Latest Stock Report on CLX

Clorox Trading Up 3.2 %

NYSE:CLX opened at $153.59 on Wednesday. The company has a market cap of $19.06 billion, a P/E ratio of 243.80, a P/E/G ratio of 2.27 and a beta of 0.43. The stock’s fifty day moving average price is $149.82 and its two-hundred day moving average price is $141.02. The Clorox Company has a 1 year low of $114.68 and a 1 year high of $178.21. The company has a debt-to-equity ratio of 11.37, a current ratio of 0.89 and a quick ratio of 0.57.

Clorox (NYSE:CLXGet Free Report) last posted its earnings results on Thursday, February 1st. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $1.08. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.80 billion. Clorox had a return on equity of 319.41% and a net margin of 1.09%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 earnings per share. As a group, analysts expect that The Clorox Company will post 5.58 EPS for the current year.

Clorox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be issued a $1.20 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $4.80 annualized dividend and a dividend yield of 3.13%. Clorox’s payout ratio is currently 761.92%.

Clorox Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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