245 Shares in The Clorox Company (NYSE:CLX) Acquired by BankPlus Trust Department

BankPlus Trust Department purchased a new position in shares of The Clorox Company (NYSE:CLX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 245 shares of the company’s stock, valued at approximately $40,000.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group grew its position in Clorox by 163.8% during the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock worth $25,000 after buying an additional 95 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in Clorox during the third quarter worth approximately $27,000. Continuum Advisory LLC grew its position in Clorox by 300.0% during the third quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $30,000 after buying an additional 138 shares in the last quarter. Asset Planning Inc acquired a new stake in Clorox during the fourth quarter worth approximately $32,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in Clorox during the third quarter worth approximately $54,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CLX. JPMorgan Chase & Co. raised their target price on Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. StockNews.com downgraded Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. Evercore ISI raised their target price on Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. DA Davidson reduced their target price on Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, TD Cowen raised 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 report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $158.21.

Clorox Trading Up 1.5 %

NYSE CLX opened at $157.00 on Wednesday. The company has a market cap of $19.34 billion, a price-to-earnings ratio of 42.90, a price-to-earnings-growth ratio of 2.62 and a beta of 0.42. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The business’s fifty day moving average is $157.40 and its 200 day moving average is $160.13.

Clorox (NYSE:CLX) last announced its earnings results on Monday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the company posted $2.16 earnings per share. As a group, sell-side analysts expect that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 23rd will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.11%. 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.