1,001 Shares in The Clorox Company (NYSE:CLX) Bought by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. purchased a new stake in The Clorox Company (NYSE:CLX) during the 4th quarter, Holdings Channel reports. The firm purchased 1,001 shares of the company’s stock, valued at approximately $163,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC acquired a new stake in shares of Clorox in the third quarter valued at about $54,000. Los Angeles Capital Management LLC grew its stake in Clorox by 5.6% in the third quarter. Los Angeles Capital Management LLC now owns 191,919 shares of the company’s stock valued at $31,266,000 after purchasing an additional 10,149 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Clorox by 43.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 29,865 shares of the company’s stock worth $4,865,000 after purchasing an additional 9,037 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Clorox by 8.3% during the 3rd quarter. Natixis Advisors LLC now owns 63,476 shares of the company’s stock worth $10,341,000 after purchasing an additional 4,839 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Clorox by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 723,906 shares of the company’s stock valued at $117,932,000 after buying an additional 13,038 shares during the last quarter. 78.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CLX has been the topic of a number of recent analyst reports. 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. JPMorgan Chase & Co. boosted their price objective on shares of Clorox from $171.00 to $173.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. TD Cowen upgraded shares of Clorox from a “sell” rating to a “hold” rating and raised their target price for the company from $155.00 to $170.00 in a research note on Wednesday, November 6th. Wells Fargo & Company boosted their price target on Clorox from $157.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. Finally, DA Davidson cut their price objective on Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Clorox currently has an average rating of “Hold” and an average price target of $158.21.

Clorox Stock Up 0.6 %

CLX stock opened at $148.51 on Monday. The business’s fifty day moving average price is $161.06 and its two-hundred day moving average price is $158.88. The stock has a market capitalization of $18.38 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 2.52 and a beta of 0.42. The Clorox Company has a fifty-two week low of $127.60 and a fifty-two week high of $171.37. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.62.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.16. Clorox had a net margin of 6.38% and a return on equity of 316.87%. During the same period in the previous year, the business posted $2.16 earnings per share. On average, equities analysts anticipate that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 29th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Wednesday, January 29th. 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.