Heritage Trust Co Invests $466,000 in The Clorox Company (NYSE:CLX)

Heritage Trust Co bought a new position in The Clorox Company (NYSE:CLX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,867 shares of the company's stock, valued at approximately $466,000.

A number of other hedge funds also recently bought and sold shares of CLX. Brooklyn Investment Group grew its holdings in Clorox by 163.8% in the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company's stock valued at $25,000 after buying an additional 95 shares during the last quarter. Redwood Park Advisors LLC acquired a new stake in Clorox in the 4th quarter worth $26,000. Continuum Advisory LLC increased its holdings in shares of Clorox by 300.0% during the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company's stock worth $30,000 after purchasing an additional 138 shares during the period. Millstone Evans Group LLC acquired a new position in Clorox in the 4th quarter valued at approximately $31,000. Finally, Asset Planning Inc bought a new position in shares of Clorox during the fourth quarter valued at $32,000. 78.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. DA Davidson dropped their price objective on shares of Clorox from $171.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Citigroup reduced their price objective on Clorox from $165.00 to $150.00 and set a "neutral" rating on the stock in a research note on Monday. Royal Bank of Canada reiterated a "sector perform" rating and set a $150.00 price target on shares of Clorox in a research report on Thursday, January 30th. Barclays dropped their price objective on shares of Clorox from $139.00 to $134.00 and set an "underweight" rating for the company in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. dropped their price objective on Clorox from $173.00 to $151.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Clorox presently has an average rating of "Hold" and a consensus price target of $154.25.

Clorox Price Performance

Shares of NYSE:CLX traded up $2.92 during midday trading on Thursday, hitting $139.72. The stock had a trading volume of 313,136 shares, compared to its average volume of 1,297,057. The company's 50-day moving average price is $146.89 and its 200-day moving average price is $156.79. 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 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The company has a market capitalization of $17.21 billion, a P/E ratio of 38.16, a price-to-earnings-growth ratio of 2.62 and a beta of 0.61.

Clorox (NYSE:CLX - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.16. Clorox had a return on equity of 316.87% and a net margin of 6.38%. During the same period in the prior year, the firm posted $2.16 EPS. As a group, equities research analysts predict that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 23rd will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox's payout ratio is 133.33%.

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.