The Clorox Company (NYSE:CLX) Shares Bought by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. increased its position in The Clorox Company (NYSE:CLX) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,991 shares of the company’s stock after acquiring an additional 1,145 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Clorox were worth $1,623,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Prospera Private Wealth LLC acquired a new stake in Clorox in the third quarter valued at $27,000. Continuum Advisory LLC boosted its position in shares of Clorox by 300.0% in the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $30,000 after buying an additional 138 shares in the last quarter. Trifecta Capital Advisors LLC grew its stake in Clorox by 139.8% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 223 shares of the company’s stock valued at $30,000 after acquiring an additional 130 shares during the last quarter. Quarry LP increased its holdings in Clorox by 99.1% during the 2nd quarter. Quarry LP now owns 229 shares of the company’s stock valued at $31,000 after acquiring an additional 114 shares in the last quarter. Finally, Carolina Wealth Advisors LLC acquired a new position in Clorox during the third quarter worth about $48,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on CLX shares. Barclays increased their price target on shares of Clorox from $137.00 to $139.00 and gave the company an “underweight” rating in a research report on Friday, November 1st. Evercore ISI dropped their price target on Clorox from $140.00 to $139.00 and set an “underperform” rating for the company in a research report on Monday, October 14th. Jefferies Financial Group raised Clorox from a “hold” rating to a “buy” rating and increased their price objective for the company from $174.00 to $187.00 in a research note on Tuesday, October 1st. DA Davidson boosted their target price on shares of Clorox from $153.00 to $171.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, StockNews.com cut shares of Clorox from a “buy” rating to a “hold” rating in a research note on Sunday. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Clorox currently has a consensus rating of “Hold” and an average price target of $155.38.

Clorox Stock Performance

NYSE:CLX opened at $157.74 on Tuesday. The company has a market cap of $19.53 billion, a P/E ratio of 54.96, a P/E/G ratio of 3.04 and a beta of 0.42. The firm’s 50 day moving average is $164.58 and its two-hundred day moving average is $155.17. The Clorox Company has a fifty-two week low of $127.60 and a fifty-two week high of $171.37. The company has a quick ratio of 0.62, a current ratio of 1.00 and a debt-to-equity ratio of 11.08.

Clorox (NYSE:CLX) last issued its earnings results on Wednesday, October 30th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.50. Clorox had a return on equity of 316.08% and a net margin of 4.78%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The firm’s revenue for the quarter was up 27.0% compared to the same quarter last year. Analysts expect that The Clorox Company will post 6.85 EPS for the current year.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 29th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Wednesday, January 29th. Clorox’s dividend payout ratio (DPR) is presently 170.03%.

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.