The Clorox Company (NYSE:CLX) Shares Sold by Wallace Capital Management Inc.

Wallace Capital Management Inc. lessened its position in The Clorox Company (NYSE:CLX - Free Report) by 25.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,054 shares of the company's stock after selling 3,400 shares during the quarter. Clorox makes up 0.2% of Wallace Capital Management Inc.'s investment portfolio, making the stock its 29th largest holding. Wallace Capital Management Inc.'s holdings in Clorox were worth $1,633,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group raised its holdings in shares of Clorox by 163.8% in the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company's stock valued at $25,000 after buying an additional 95 shares during the period. Redwood Park Advisors LLC purchased a new stake in shares of Clorox in the 4th quarter valued at $26,000. Millstone Evans Group LLC acquired a new position in Clorox during the 4th quarter worth $31,000. Asset Planning Inc acquired a new position in Clorox during the 4th quarter worth $32,000. Finally, GKV Capital Management Co. Inc. acquired a new position in Clorox during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 78.53% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on CLX. Morgan Stanley lowered their target price on Clorox from $165.00 to $150.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Wells Fargo & Company lowered their target price on Clorox from $145.00 to $142.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Evercore ISI set a $140.00 target price on Clorox and gave the stock an "underperform" rating in a research note on Tuesday, May 6th. Citigroup lowered their target price on Clorox from $165.00 to $150.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, DA Davidson lowered their target price on Clorox from $171.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Clorox has a consensus rating of "Hold" and a consensus target price of $151.23.

Clorox Stock Up 0.0%

Shares of NYSE:CLX traded up $0.07 on Friday, hitting $130.97. 1,243,078 shares of the company's stock were exchanged, compared to its average volume of 1,333,942. The firm's 50-day moving average is $139.64 and its 200 day moving average is $152.32. The company has a market capitalization of $16.14 billion, a PE ratio of 35.78, a P/E/G ratio of 2.62 and a beta of 0.60. The Clorox Company has a 1-year low of $127.60 and a 1-year high of $171.37. The company has a debt-to-equity ratio of 20.52, a quick ratio of 0.60 and a current ratio of 0.94.

Clorox (NYSE:CLX - Get Free Report) last announced its earnings results 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 firm had revenue of $1.67 billion during 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 firm's revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period last year, the company earned $1.71 earnings per share. Sell-side analysts predict that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

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

Insider Activity at Clorox

In other news, Director Pierre R. Breber bought 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was 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 in the company, valued at $546,280. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.57% of the company's stock.

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.