Simplicity Wealth LLC lowered its position in shares of The Clorox Company (NYSE:CLX - Free Report) by 39.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,168 shares of the company's stock after selling 4,575 shares during the quarter. Simplicity Wealth LLC's holdings in Clorox were worth $1,168,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in Clorox in the 2nd quarter valued at approximately $30,000. Trifecta Capital Advisors LLC raised its position in shares of Clorox by 139.8% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 223 shares of the company's stock worth $30,000 after purchasing an additional 130 shares during the last quarter. GoalVest Advisory LLC purchased a new stake in Clorox in the 1st quarter valued at approximately $31,000. First Foundation Advisors purchased a new position in Clorox during the first quarter worth $31,000. Finally, Family Firm Inc. acquired a new position in shares of Clorox in the second quarter worth $31,000. Institutional investors and hedge funds own 78.53% of the company's stock.
Insiders Place Their Bets
In other news, EVP Angela C. Hilt sold 1,733 shares of Clorox stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $165.52, for a total value of $286,846.16. Following the transaction, the executive vice president now owns 13,471 shares of the company's stock, valued at $2,229,719.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.51% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Jefferies Financial Group raised shares of Clorox from a "hold" rating to a "buy" rating and upped their price objective for the company from $174.00 to $187.00 in a research note on Tuesday, October 1st. DA Davidson reissued a "neutral" rating and issued a $153.00 price objective on shares of Clorox in a research report on Friday, September 6th. Deutsche Bank Aktiengesellschaft upped their target price on Clorox from $144.00 to $151.00 and gave the stock a "hold" rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on shares of Clorox from $148.00 to $174.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Barclays boosted their target price on shares of Clorox from $130.00 to $137.00 and gave the stock an "underweight" rating in a research report on Friday. Six equities research 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.com, Clorox currently has an average rating of "Hold" and a consensus target price of $150.36.
View Our Latest Report on Clorox
Clorox Stock Performance
CLX traded up $2.25 on Friday, hitting $160.30. 864,047 shares of the company's stock were exchanged, compared to its average volume of 1,240,877. The company has a current ratio of 1.03, a quick ratio of 0.63 and a debt-to-equity ratio of 5.04. The stock has a fifty day moving average of $157.36 and a two-hundred day moving average of $144.78. The Clorox Company has a twelve month low of $114.68 and a twelve month high of $169.09. The firm has a market cap of $19.91 billion, a PE ratio of 83.06, a P/E/G ratio of 3.19 and a beta of 0.41.
Clorox (NYSE:CLX - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.28. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.97 billion. Clorox had a return on equity of 281.12% and a net margin of 3.95%. On average, research analysts anticipate that The Clorox Company will post 6.64 earnings per share for the current fiscal year.
Clorox Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Wednesday, October 23rd will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.04%. The ex-dividend date is Wednesday, October 23rd. Clorox's payout ratio is currently 252.85%.
Clorox Company Profile
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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.
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