Boomfish Wealth Group LLC Buys Shares of 1,283 The Clorox Company (NYSE:CLX)

Boomfish Wealth Group LLC purchased a new position in The Clorox Company (NYSE:CLX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,283 shares of the company’s stock, valued at approximately $208,000.

Other hedge funds have also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in Clorox by 8.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 8,855 shares of the company’s stock valued at $1,208,000 after buying an additional 709 shares during the last quarter. Public Sector Pension Investment Board increased its position in Clorox by 75.6% during the second quarter. Public Sector Pension Investment Board now owns 4,775 shares of the company’s stock valued at $652,000 after acquiring an additional 2,055 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Clorox by 2.0% in the second quarter. The Manufacturers Life Insurance Company now owns 75,023 shares of the company’s stock valued at $10,238,000 after acquiring an additional 1,494 shares during the period. NewEdge Advisors LLC boosted its position in Clorox by 3.5% in the second quarter. NewEdge Advisors LLC now owns 16,747 shares of the company’s stock worth $2,285,000 after purchasing an additional 564 shares during the last quarter. Finally, Quarry LP grew its stake in shares of Clorox by 99.1% during the 2nd quarter. Quarry LP now owns 229 shares of the company’s stock valued at $31,000 after purchasing an additional 114 shares during the period. 78.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CLX has been the topic of several recent research reports. Wells Fargo & Company upgraded shares of Clorox from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $155.00 to $157.00 in a research note on Tuesday, January 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 price target on shares of Clorox in a research note on Thursday. StockNews.com downgraded shares of Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. JPMorgan Chase & Co. raised their target price on Clorox from $167.00 to $171.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Finally, TD Cowen raised Clorox from a “sell” rating to a “hold” rating and boosted their price target for the company from $155.00 to $170.00 in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $156.07.

Clorox Stock Up 1.6 %

Shares of CLX stock opened at $160.28 on Friday. The company’s fifty day simple moving average is $163.15 and its two-hundred day simple moving average is $158.01. The Clorox Company has a 52 week low of $127.60 and a 52 week high of $171.37. The stock has a market cap of $19.84 billion, a P/E ratio of 55.85, a PEG ratio of 2.91 and a beta of 0.42. The company has a quick ratio of 0.62, a current ratio of 1.00 and a debt-to-equity ratio of 11.08.

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

Clorox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 29th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Wednesday, January 29th. Clorox’s payout ratio is 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.