Jaffetilchin Investment Partners LLC Sells 1,310 Shares of The Clorox Company (NYSE:CLX)

Jaffetilchin Investment Partners LLC decreased its position in shares of The Clorox Company (NYSE:CLX) by 32.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,729 shares of the company’s stock after selling 1,310 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Clorox were worth $418,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its holdings in shares of Clorox by 308.5% during the 1st quarter. Venturi Wealth Management LLC now owns 192 shares of the company’s stock valued at $29,000 after purchasing an additional 145 shares in the last quarter. Northwest Financial Advisors acquired a new position in shares of Clorox in the fourth quarter valued at approximately $29,000. Core Wealth Advisors Inc. bought a new stake in shares of Clorox during the fourth quarter worth $29,000. First United Bank & Trust acquired a new stake in shares of Clorox during the fourth quarter worth $31,000. Finally, GoalVest Advisory LLC bought a new stake in Clorox in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Citigroup cut their target price on Clorox from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft lowered their target price on Clorox from $155.00 to $151.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. TD Cowen began coverage on shares of Clorox in a research report on Tuesday, July 23rd. They set a “sell” rating and a $122.00 price target on the stock. Evercore ISI decreased their price objective on shares of Clorox from $145.00 to $142.00 and set an “underperform” rating for the company in a research report on Wednesday, May 1st. Finally, Barclays dropped their target price on shares of Clorox from $132.00 to $122.00 and set an “underweight” rating on the stock in a report on Friday, July 19th. Six research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. According to data from MarketBeat, Clorox currently has a consensus rating of “Hold” and a consensus target price of $142.13.

Clorox Trading Up 1.7 %

Shares of Clorox stock traded up $2.21 during trading on Thursday, hitting $134.14. The company’s stock had a trading volume of 2,570,894 shares, compared to its average volume of 1,249,563. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of 69.74, a price-to-earnings-growth ratio of 1.94 and a beta of 0.39. The Clorox Company has a 52 week low of $114.68 and a 52 week high of $169.14. The stock has a 50-day moving average price of $133.60 and a two-hundred day moving average price of $142.45. The company has a debt-to-equity ratio of 9.73, a current ratio of 0.90 and a quick ratio of 0.53.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.38. Clorox had a return on equity of 302.49% and a net margin of 3.33%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the business earned $1.51 EPS. The firm’s revenue was down 5.3% compared to the same quarter last year. Equities research analysts anticipate that The Clorox Company will post 5.91 EPS for the current fiscal year.

Clorox Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be paid a $1.22 dividend. The ex-dividend date is Wednesday, August 14th. This is an increase from Clorox’s previous quarterly dividend of $1.20. This represents a $4.88 annualized dividend and a dividend yield of 3.64%. Clorox’s dividend payout ratio (DPR) is currently 248.71%.

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.