Benjamin Edwards Inc. raised its position in The Clorox Company (NYSE:CLX – Free Report) by 37.1% during the second quarter, HoldingsChannel.com reports. The firm owned 65,247 shares of the company’s stock after buying an additional 17,667 shares during the quarter. Benjamin Edwards Inc.’s holdings in Clorox were worth $6,228,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Caitlin John LLC grew its holdings in shares of Clorox by 1,807.1% during the 4th quarter. Caitlin John LLC now owns 267 shares of the company’s stock worth $27,000 after purchasing an additional 253 shares during the period. Ancora Advisors LLC purchased a new position in Clorox in the second quarter valued at approximately $28,000. Avalon Trust Co acquired a new position in Clorox during the second quarter valued at approximately $29,000. Darwin Wealth Management LLC acquired a new position in Clorox during the second quarter valued at approximately $29,000. Finally, Root Financial Partners LLC grew its stake in Clorox by 83.8% during the first quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock worth $33,000 after buying an additional 145 shares during the period. 78.53% of the stock is owned by institutional investors and hedge funds.
Clorox Stock Up 0.0%
Shares of NYSE:CLX opened at $102.57 on Monday. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 3.21 and a beta of 0.54. The company has a 50 day moving average of $99.83 and a two-hundred day moving average of $102.60. The Clorox Company has a 52-week low of $84.70 and a 52-week high of $128.90. The company has a quick ratio of 0.38, a current ratio of 0.66 and a debt-to-equity ratio of 15.80.
Clorox Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th were issued a $1.25 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $5.00 dividend on an annualized basis and a yield of 4.9%. This is an increase from Clorox’s previous quarterly dividend of $1.24. Clorox’s dividend payout ratio (DPR) is presently 103.73%.
Analysts Set New Price Targets
CLX has been the subject of several recent research reports. BNP Paribas Exane dropped their price objective on shares of Clorox from $97.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, July 20th. Wells Fargo & Company upped their price target on shares of Clorox from $95.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Zacks Research downgraded Clorox from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Citigroup increased their price target on Clorox from $97.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen lowered Clorox from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Twelve investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $102.40.
Read Our Latest Analysis on Clorox
Clorox Company Profile
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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