Tang Capital Management LLC Has $977,000 Stock Position in The Clorox Company (NYSE:CLX)

Tang Capital Management LLC boosted its position in shares of The Clorox Company (NYSE:CLX - Free Report) by 386.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,014 shares of the company's stock after buying an additional 4,778 shares during the quarter. Tang Capital Management LLC's holdings in Clorox were worth $977,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Brooklyn Investment Group lifted its holdings in shares of Clorox by 163.8% during the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company's stock valued at $25,000 after purchasing an additional 95 shares during the last quarter. Redwood Park Advisors LLC purchased a new stake in shares of Clorox during the fourth quarter valued at $26,000. Millstone Evans Group LLC purchased a new stake in shares of Clorox during the fourth quarter valued at $31,000. Asset Planning Inc purchased a new stake in shares of Clorox during the fourth quarter valued at $32,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in Clorox during the 4th quarter worth about $32,000. Institutional investors own 78.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CLX shares. Royal Bank of Canada restated a "sector perform" rating and set a $150.00 price objective on shares of Clorox in a research report on Thursday, January 30th. Morgan Stanley decreased their price objective on Clorox from $165.00 to $150.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Wells Fargo & Company decreased their price objective on Clorox from $145.00 to $142.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Barclays decreased their price objective on Clorox from $134.00 to $129.00 and set an "underweight" rating for the company in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. decreased their price objective on Clorox from $151.00 to $144.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $151.23.

Clorox Stock Down 2.7%

Shares of NYSE CLX traded down $3.61 during mid-day trading on Wednesday, reaching $131.90. 1,944,245 shares of the company traded hands, compared to its average volume of 1,327,670. The company has a debt-to-equity ratio of 20.52, a quick ratio of 0.60 and a current ratio of 0.94. The stock has a market cap of $16.26 billion, a PE ratio of 36.04, a price-to-earnings-growth ratio of 2.62 and a beta of 0.60. The company's fifty day moving average is $140.57 and its two-hundred day moving average is $152.97. The Clorox Company has a fifty-two week low of $127.60 and a fifty-two week 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 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 analyst estimates of $1.74 billion. Clorox had a net margin of 6.38% and a return on equity of 316.87%. The business's revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.71 EPS. On average, analysts expect that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Wednesday, April 23rd. Clorox's dividend payout ratio is 87.61%.

Insider Activity

In other Clorox news, Director Pierre R. Breber bought 4,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were purchased at an average price of $136.57 per share, with a total value of $546,280.00. Following the acquisition, the director now directly owns 4,000 shares of the company's stock, valued at $546,280. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.57% of the stock is currently owned by insiders.

Clorox 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.