Signaturefd LLC Has $668,000 Position in The Clorox Company (NYSE:CLX)

Signaturefd LLC lowered its position in The Clorox Company (NYSE:CLX) by 11.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,892 shares of the company’s stock after selling 607 shares during the quarter. Signaturefd LLC’s holdings in Clorox were worth $668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CLX. Venturi Wealth Management LLC grew its position in shares of Clorox by 308.5% during the 1st quarter. Venturi Wealth Management LLC now owns 192 shares of the company’s stock worth $29,000 after buying an additional 145 shares during the period. Northwest Financial Advisors bought a new position in shares of Clorox in the 4th quarter worth $29,000. GoalVest Advisory LLC bought a new position in shares of Clorox in the 1st quarter worth $31,000. First Foundation Advisors bought a new position in shares of Clorox in the 1st quarter worth $31,000. Finally, Core Wealth Advisors Inc. bought a new position in shares of Clorox in the 4th quarter worth $29,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Clorox Stock Performance

NYSE:CLX opened at $158.32 on Friday. The business has a 50 day moving average of $139.81 and a 200 day moving average of $142.52. The company has a market capitalization of $19.66 billion, a price-to-earnings ratio of 82.03, a PEG ratio of 1.97 and a beta of 0.39. The Clorox Company has a 1-year low of $114.68 and a 1-year high of $159.05. The company has a debt-to-equity ratio of 9.73, a current ratio of 0.90 and a quick ratio of 0.53.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.28. Clorox had a return on equity of 382.58% and a net margin of 3.95%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.97 billion. On average, sell-side analysts predict that The Clorox Company will post 6.4 earnings per share for the current fiscal year.

Clorox Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were paid a dividend of $1.22 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This is a boost from Clorox’s previous quarterly dividend of $1.20. This represents a $4.88 annualized dividend and a dividend yield of 3.08%. Clorox’s payout ratio is 252.85%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CLX shares. Barclays increased their target price on Clorox from $122.00 to $130.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. BNP Paribas assumed coverage on Clorox in a report on Monday, June 24th. They issued an “underperform” rating and a $130.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on Clorox from $144.00 to $151.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. DA Davidson decreased their price objective on Clorox from $162.00 to $153.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Citigroup lifted their price objective on Clorox from $145.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday. Six equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. Based on data from MarketBeat, Clorox presently has a consensus rating of “Hold” and an average price target of $143.19.

Clorox Company 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.