Boomfish Wealth Group LLC Makes New $208,000 Investment in The Clorox Company (NYSE:CLX)

Boomfish Wealth Group LLC acquired a new stake in shares of The Clorox Company (NYSE:CLX) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,283 shares of the company’s stock, valued at approximately $208,000.

A number of other large investors also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Clorox by 3.1% in the 3rd quarter. State Street Corp now owns 8,182,109 shares of the company’s stock worth $1,332,947,000 after acquiring an additional 245,525 shares during the last quarter. Mizuho Securities USA LLC raised its position in Clorox by 46,877.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,500,000 shares of the company’s stock worth $733,095,000 after purchasing an additional 4,490,421 shares during the period. Geode Capital Management LLC lifted its stake in Clorox by 1.1% in the third quarter. Geode Capital Management LLC now owns 3,028,333 shares of the company’s stock worth $491,713,000 after purchasing an additional 33,970 shares during the last quarter. Stifel Financial Corp lifted its stake in Clorox by 1.7% in the third quarter. Stifel Financial Corp now owns 2,334,826 shares of the company’s stock worth $380,370,000 after purchasing an additional 37,967 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in Clorox by 2.2% during the third quarter. Van ECK Associates Corp now owns 1,492,717 shares of the company’s stock valued at $237,372,000 after buying an additional 31,510 shares during the period. 78.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CLX shares. DA Davidson lifted their price objective on Clorox from $153.00 to $171.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Evercore ISI lowered their price objective on Clorox from $140.00 to $139.00 and set an “underperform” rating for the company in a research report on Monday, October 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 target price on shares of Clorox in a report on Thursday. Wells Fargo & Company raised Clorox from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $155.00 to $157.00 in a research note on Tuesday, January 7th. Finally, Barclays reduced their price target on shares of Clorox from $139.00 to $130.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $156.07.

Clorox Stock Up 1.6 %

CLX stock opened at $160.28 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.00 and a debt-to-equity ratio of 11.08. The business has a 50 day moving average of $163.15 and a 200 day moving average of $158.01. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The firm has a market cap of $19.84 billion, a PE ratio of 55.85, a price-to-earnings-growth ratio of 2.91 and a beta of 0.42.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.50. Clorox had a return on equity of 316.08% and a net margin of 4.78%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. Clorox’s quarterly revenue was up 27.0% compared to the same quarter last year. On average, research analysts forecast that The Clorox Company will post 6.86 EPS for the current fiscal year.

Clorox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 29th will be paid a $1.22 dividend. The ex-dividend date is Wednesday, January 29th. This represents a $4.88 annualized dividend and a dividend yield of 3.04%. Clorox’s dividend payout ratio is presently 170.04%.

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.