Jones Financial Companies Lllp Purchases 2,500 Shares of The Clorox Company (NYSE:CLX)

Jones Financial Companies Lllp lifted its stake in shares of The Clorox Company (NYSE:CLX - Free Report) by 35.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,543 shares of the company's stock after purchasing an additional 2,500 shares during the period. Jones Financial Companies Lllp's holdings in Clorox were worth $1,550,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group grew its holdings in Clorox by 163.8% during the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company's stock valued at $25,000 after purchasing an additional 95 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of Clorox during the 3rd quarter worth approximately $27,000. Continuum Advisory LLC increased its holdings in shares of Clorox by 300.0% in the third quarter. Continuum Advisory LLC now owns 184 shares of the company's stock valued at $30,000 after purchasing an additional 138 shares during the last quarter. Asset Planning Inc bought a new stake in shares of Clorox in the fourth quarter valued at about $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Clorox in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 78.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CLX shares. DA Davidson cut their price target on Clorox from $171.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. StockNews.com downgraded shares of Clorox from a "buy" rating to a "hold" rating in a research note on Sunday, January 5th. Wells Fargo & Company boosted their price objective on Clorox from $157.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Barclays boosted their target price on shares of Clorox from $130.00 to $140.00 and gave the stock an "underweight" rating in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. upped their price target on Clorox from $171.00 to $173.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $159.62.

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Clorox Trading Down 2.0 %

Shares of Clorox stock traded down $3.04 on Monday, reaching $147.99. 2,136,268 shares of the company's stock were exchanged, compared to its average volume of 1,211,327. The Clorox Company has a 52 week low of $127.60 and a 52 week high of $171.37. The company has a debt-to-equity ratio of 20.52, a quick ratio of 0.60 and a current ratio of 0.94. The company has a market capitalization of $18.23 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 2.62 and a beta of 0.45. The firm's 50-day moving average is $155.65 and its two-hundred day moving average is $160.47.

Clorox (NYSE:CLX - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.55 EPS 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 previous year, the firm earned $2.16 earnings per share. Sell-side analysts predict that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox's dividend payout ratio is currently 133.33%.

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.