Pacific Point Advisors LLC Acquires New Holdings in The Clorox Company (NYSE:CLX)

Pacific Point Advisors LLC acquired a new stake in shares of The Clorox Company (NYSE:CLX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,533 shares of the company's stock, valued at approximately $1,265,000.

Other hedge funds also recently bought and sold shares of the company. Redwood Park Advisors LLC purchased a new position in Clorox during the fourth quarter valued at approximately $26,000. Millstone Evans Group LLC bought a new stake in Clorox during the fourth quarter valued at approximately $31,000. Asset Planning Inc bought a new stake in Clorox during the fourth quarter valued at approximately $32,000. GKV Capital Management Co. Inc. bought a new stake in Clorox during the fourth quarter valued at approximately $32,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in Clorox during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 78.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Citigroup dropped their target price on shares of Clorox from $165.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada restated a "sector perform" rating and issued a $150.00 price objective on shares of Clorox in a report on Thursday, January 30th. Morgan Stanley lowered their price objective on shares of Clorox from $165.00 to $150.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Evercore ISI set a $140.00 price objective on shares of Clorox and gave the stock an "underperform" rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Clorox from $151.00 to $144.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $151.23.

Insider Transactions at Clorox

In other Clorox news, Director Pierre R. Breber bought 4,000 shares of Clorox stock in a transaction dated Wednesday, May 7th. The shares were purchased at an average cost of $136.57 per share, with a total value of $546,280.00. Following the transaction, the director now directly owns 4,000 shares of the company's stock, valued at $546,280. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.57% of the company's stock.

Clorox Stock Down 0.7%

Shares of Clorox stock opened at $130.93 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52. The company's fifty day simple moving average is $139.91 and its two-hundred day simple moving average is $152.60. The company has a market cap of $16.14 billion, a P/E ratio of 35.77, a PEG ratio of 2.62 and a beta of 0.60. The Clorox Company has a 12-month low of $127.60 and a 12-month high of $171.37.

Clorox (NYSE:CLX - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $1.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.12). The company had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $1.74 billion. Clorox had a net margin of 6.38% and a return on equity of 316.87%. The firm's revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 earnings per share. Research analysts anticipate that The Clorox Company will post 7.15 EPS for the current year.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd were given a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend was Wednesday, April 23rd. Clorox's dividend payout ratio is presently 87.61%.

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.

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