1,662 Shares in The Clorox Company (NYSE:CLX) Bought by Veracity Capital LLC

Veracity Capital LLC bought a new stake in The Clorox Company (NYSE:CLX) during the 3rd quarter, Holdings Channel.com reports. The fund bought 1,662 shares of the company’s stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Innealta Capital LLC purchased a new position in Clorox in the second quarter worth $30,000. Trifecta Capital Advisors LLC increased its position in Clorox by 139.8% during the 2nd 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. GoalVest Advisory LLC acquired a new position in Clorox during the 1st quarter valued at about $31,000. First Foundation Advisors purchased a new stake in Clorox in the first quarter valued at about $31,000. Finally, Family Firm Inc. acquired a new stake in Clorox in the second quarter worth about $31,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CLX. BNP Paribas raised shares of Clorox to a “strong sell” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. lifted their target price on Clorox from $148.00 to $174.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. DA Davidson reiterated a “neutral” rating and issued a $153.00 price target on shares of Clorox in a report on Friday, September 6th. Jefferies Financial Group upgraded shares of Clorox from a “hold” rating to a “buy” rating and lifted their price objective for the company from $174.00 to $187.00 in a research note on Tuesday, October 1st. Finally, Wells Fargo & Company cut their price objective 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 analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Clorox has a consensus rating of “Hold” and a consensus price target of $150.14.

Insider Activity at Clorox

In other news, EVP Angela C. Hilt sold 1,733 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $165.52, for a total transaction of $286,846.16. Following the completion of the sale, the executive vice president now owns 13,471 shares of the company’s stock, valued at $2,229,719.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.51% of the stock is owned by corporate insiders.

Clorox Stock Down 0.4 %

Clorox stock opened at $161.96 on Monday. The Clorox Company has a 12 month low of $114.68 and a 12 month high of $169.09. The stock has a market capitalization of $20.11 billion, a PE ratio of 83.92, a price-to-earnings-growth ratio of 3.19 and a beta of 0.41. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.03 and a quick ratio of 0.63. The business has a 50 day simple moving average of $159.28 and a 200-day simple moving average of $145.14.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.28. Clorox had a net margin of 3.95% and a return on equity of 281.12%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.97 billion. On average, analysts anticipate that The Clorox Company will post 6.64 EPS for the current fiscal year.

Clorox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Wednesday, October 23rd will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Wednesday, October 23rd. Clorox’s dividend payout ratio is presently 252.85%.

About Clorox

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.