Secured Retirement Advisors LLC bought a new position in shares of The Clorox Company (NYSE:CLX – Free Report) during the 1st quarter, HoldingsChannel.com reports. The fund bought 12,903 shares of the company’s stock, valued at approximately $1,337,000.
Other hedge funds have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Clorox during the third quarter worth $25,000. Darwin Wealth Management LLC acquired a new position in shares of Clorox in the 2nd quarter valued at $29,000. Caitlin John LLC increased its position in shares of Clorox by 1,807.1% in the 4th quarter. Caitlin John LLC now owns 267 shares of the company’s stock valued at $27,000 after acquiring an additional 253 shares during the period. Ameriflex Group Inc. raised its stake in Clorox by 1,436.8% in the 3rd quarter. Ameriflex Group Inc. now owns 292 shares of the company’s stock worth $36,000 after acquiring an additional 273 shares during the last quarter. Finally, Vision Financial Markets LLC raised its stake in Clorox by 166.7% in the 4th quarter. Vision Financial Markets LLC now owns 320 shares of the company’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.
Clorox Price Performance
Shares of CLX opened at $96.36 on Thursday. The business’s 50-day moving average is $94.26 and its two-hundred day moving average is $104.32. The company has a market capitalization of $11.65 billion, a P/E ratio of 15.64, a P/E/G ratio of 0.50 and a beta of 0.56. The Clorox Company has a fifty-two week low of $84.70 and a fifty-two week high of $132.03. The company has a debt-to-equity ratio of 27.03, a quick ratio of 0.65 and a current ratio of 0.84.
Insider Transactions at Clorox
In related news, Director Pierre R. Breber acquired 5,000 shares of the stock in a transaction on Tuesday, May 5th. The shares were acquired at an average price of $85.82 per share, for a total transaction of $429,100.00. Following the transaction, the director owned 18,000 shares in the company, valued at approximately $1,544,760. This trade represents a 38.46% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.
Analysts Set New Price Targets
Several research firms have weighed in on CLX. JPMorgan Chase & Co. dropped their price target on Clorox from $99.00 to $95.00 and set an “underweight” rating on the stock in a research note on Friday, May 1st. Barclays reduced their price objective on Clorox from $102.00 to $85.00 and set an “underweight” rating for the company in a research note on Friday, May 1st. Citigroup decreased their target price on Clorox from $110.00 to $97.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Royal Bank Of Canada dropped their target price on Clorox from $132.00 to $127.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 9th. Finally, Zacks Research lowered shares of Clorox from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $103.40.
View Our Latest Research Report on Clorox
About Clorox
The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.
Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.
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