International Assets Investment Management LLC Increases Stock Position in The Clorox Company (NYSE:CLX)

International Assets Investment Management LLC increased its position in The Clorox Company (NYSE:CLX - Free Report) by 424.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 538,576 shares of the company's stock after acquiring an additional 435,971 shares during the quarter. International Assets Investment Management LLC owned about 0.43% of Clorox worth $877,390,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in shares of Clorox in the second quarter worth $30,000. Trifecta Capital Advisors LLC raised its holdings in Clorox by 139.8% during the second 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 period. GoalVest Advisory LLC purchased a new position in shares of Clorox in the first quarter valued at about $31,000. First Foundation Advisors bought a new position in shares of Clorox in the first quarter worth about $31,000. Finally, Family Firm Inc. purchased a new stake in shares of Clorox during the second quarter worth about $31,000. Institutional investors own 78.53% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wells Fargo & Company dropped their price target on Clorox from $135.00 to $130.00 and set an "underweight" rating for the company in a research note on Wednesday, July 10th. BNP Paribas raised shares of Clorox to a "strong sell" rating in a research note on Friday, September 6th. DA Davidson reiterated a "neutral" rating and issued a $153.00 price target on shares of Clorox in a research note on Friday, September 6th. Evercore ISI cut their price objective on Clorox from $140.00 to $139.00 and set an "underperform" rating for the company in a research report on Monday, October 14th. Finally, Citigroup boosted their target price on Clorox from $165.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, September 6th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $150.14.

Insider Transactions at Clorox

In other news, EVP Angela C. Hilt sold 1,733 shares of the company's stock in a transaction dated 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 directly owns 13,471 shares in the company, valued at approximately $2,229,719.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.51% of the company's stock.

Clorox Trading Down 0.1 %

Shares of Clorox stock traded down $0.10 during trading on Thursday, hitting $158.92. The stock had a trading volume of 971,601 shares, compared to its average volume of 1,224,104. The stock has a market cap of $19.74 billion, a PE ratio of 82.37, a PEG ratio of 3.19 and a beta of 0.41. The Clorox Company has a 12 month low of $114.68 and a 12 month high of $169.09. The firm's fifty day simple moving average is $160.25 and its 200-day simple moving average is $145.43. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.03 and a quick ratio of 0.63.

Clorox (NYSE:CLX - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.97 billion. Clorox had a net margin of 3.95% and a return on equity of 281.12%. As a group, sell-side analysts expect that The Clorox Company will post 6.64 EPS 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 $1.22 dividend. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $4.88 dividend on an annualized basis and a yield of 3.07%. Clorox's payout ratio is 252.85%.

Clorox 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.