Hamilton Wealth LLC Takes $233,000 Position in The Clorox Company (NYSE:CLX)

Hamilton Wealth LLC bought a new stake in The Clorox Company (NYSE:CLX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,523 shares of the company’s stock, valued at approximately $233,000.

Several other large investors have also added to or reduced their stakes in CLX. Venturi Wealth Management LLC increased its holdings in shares of Clorox by 308.5% in the first quarter. Venturi Wealth Management LLC now owns 192 shares of the company’s stock valued at $29,000 after purchasing an additional 145 shares during the last quarter. Northwest Financial Advisors bought a new stake in shares of Clorox in the fourth quarter worth $29,000. GoalVest Advisory LLC bought a new stake in shares of Clorox in the 1st quarter valued at $31,000. First Foundation Advisors bought a new stake in Clorox in the first quarter worth approximately $31,000. Finally, Core Wealth Advisors Inc. acquired a new stake in shares of Clorox in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wells Fargo & Company cut their target price on Clorox from $135.00 to $130.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 10th. BNP Paribas began coverage on shares of Clorox in a research report on Monday, June 24th. They set an “underperform” rating and a $130.00 price target on the stock. Barclays reduced their price objective on shares of Clorox from $132.00 to $122.00 and set an “underweight” rating for the company in a research report on Friday, July 19th. JPMorgan Chase & Co. cut their target price on Clorox from $150.00 to $148.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, UBS Group decreased their price target on Clorox from $164.00 to $159.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. Six analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to MarketBeat.com, Clorox has a consensus rating of “Hold” and an average price target of $141.44.

Clorox Trading Up 7.4 %

Shares of NYSE:CLX traded up $9.95 during trading hours on Friday, hitting $144.09. 2,902,055 shares of the company’s stock traded hands, compared to its average volume of 1,222,022. The company has a debt-to-equity ratio of 9.73, a current ratio of 0.90 and a quick ratio of 0.53. The business has a fifty day moving average price of $133.90 and a 200-day moving average price of $142.40. The Clorox Company has a 1 year low of $114.68 and a 1 year high of $169.14. The firm has a market capitalization of $17.89 billion, a P/E ratio of 74.65, a price-to-earnings-growth ratio of 1.97 and a beta of 0.39.

Clorox (NYSE:CLX) last issued its earnings results on Thursday, August 1st. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.28. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Clorox had a return on equity of 382.58% and a net margin of 3.95%. Equities analysts expect that The Clorox Company will post 6.4 earnings per share for the current year.

Clorox Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.39%. This is a positive change from Clorox’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Wednesday, August 14th. Clorox’s payout ratio is presently 248.71%.

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.