The Clorox Company (NYSE:CLX) Shares Purchased by Valley National Advisers Inc.

Valley National Advisers Inc. grew its position in shares of The Clorox Company (NYSE:CLX) by 103.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 494 shares of the company’s stock after purchasing an additional 251 shares during the quarter. Valley National Advisers Inc.’s holdings in Clorox were worth $80,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Insight Folios Inc raised its position in Clorox by 3.0% in the third quarter. Insight Folios Inc now owns 2,195 shares of the company’s stock worth $358,000 after acquiring an additional 63 shares in the last quarter. HCR Wealth Advisors grew its stake in shares of Clorox by 1.0% in the 4th quarter. HCR Wealth Advisors now owns 6,870 shares of the company’s stock worth $1,116,000 after purchasing an additional 68 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Clorox by 17.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock worth $83,000 after purchasing an additional 75 shares in the last quarter. Empower Advisory Group LLC lifted its stake in Clorox by 4.5% during the third quarter. Empower Advisory Group LLC now owns 1,823 shares of the company’s stock valued at $297,000 after purchasing an additional 78 shares during the last quarter. Finally, Aviance Capital Partners LLC boosted its holdings in Clorox by 2.7% during the third quarter. Aviance Capital Partners LLC now owns 3,080 shares of the company’s stock worth $502,000 after buying an additional 80 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.

Clorox Stock Performance

Shares of NYSE CLX opened at $158.60 on Monday. The Clorox Company has a 12 month low of $127.60 and a 12 month high of $171.37. The company has a market cap of $19.63 billion, a P/E ratio of 55.26, a P/E/G ratio of 2.91 and a beta of 0.42. The business’s 50 day moving average is $162.76 and its two-hundred day moving average is $158.35. The company has a quick ratio of 0.62, a current ratio of 1.00 and a debt-to-equity ratio of 11.08.

Clorox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 29th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Wednesday, January 29th. Clorox’s payout ratio is currently 170.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wells Fargo & Company upgraded Clorox from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $155.00 to $157.00 in a report on Tuesday, January 7th. JPMorgan Chase & Co. increased their target price on shares of Clorox from $167.00 to $171.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 price target on shares of Clorox in a research note on Thursday. Barclays decreased their target price on shares of Clorox from $139.00 to $130.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Finally, TD Cowen upgraded shares of Clorox from a “sell” rating to a “hold” rating and raised their price target 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 issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Clorox has a consensus rating of “Hold” and a consensus target price of $156.07.

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.