ABLE Financial Group LLC Purchases 261 Shares of The Clorox Company (NYSE:CLX)

ABLE Financial Group LLC grew its position in The Clorox Company (NYSE:CLX) by 8.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,389 shares of the company’s stock after purchasing an additional 261 shares during the quarter. ABLE Financial Group LLC’s holdings in Clorox were worth $552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Foundation Advisors bought a new position in Clorox in the 1st quarter worth $31,000. Innealta Capital LLC bought a new position in Clorox in the 2nd quarter worth approximately $30,000. Trifecta Capital Advisors LLC increased its holdings in Clorox by 139.8% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 223 shares of the company’s stock valued at $30,000 after acquiring an additional 130 shares during the last quarter. Quarry LP grew its position in shares of Clorox by 99.1% during the second quarter. Quarry LP now owns 229 shares of the company’s stock valued at $31,000 after purchasing an additional 114 shares in the last quarter. Finally, Family Firm Inc. bought a new position in Clorox during the second quarter valued at approximately $31,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CLX has been the topic of a number of recent research reports. Evercore ISI decreased their price target on shares of Clorox from $140.00 to $139.00 and set an “underperform” rating on the stock in a research note on Monday, October 14th. BNP Paribas raised shares of Clorox to a “strong sell” rating in a research note on Friday, September 6th. Citigroup boosted their target price on Clorox from $165.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. DA Davidson raised their price target on Clorox from $153.00 to $171.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, JPMorgan Chase & Co. increased their target price on Clorox from $148.00 to $174.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $155.00.

Clorox Stock Up 0.6 %

Shares of NYSE:CLX traded up $0.99 during trading hours on Friday, hitting $163.76. The company’s stock had a trading volume of 243,299 shares, compared to its average volume of 1,239,719. The firm’s fifty day moving average price is $161.89 and its 200 day moving average price is $146.58. The Clorox Company has a 52 week low of $127.60 and a 52 week high of $169.09. The company has a market capitalization of $20.27 billion, a price-to-earnings ratio of 56.74, a P/E/G ratio of 3.02 and a beta of 0.41. The company has a debt-to-equity ratio of 11.08, a current ratio of 1.00 and a quick ratio of 0.62.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.50. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clorox had a net margin of 4.78% and a return on equity of 316.08%. Clorox’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. As a group, research analysts expect that The Clorox Company will post 6.81 EPS for the current year.

Clorox Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Shareholders of record on Wednesday, October 23rd were issued a $1.22 dividend. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $4.88 dividend on an annualized basis and a yield of 2.98%. Clorox’s dividend payout ratio is presently 170.04%.

Insider Buying and Selling at Clorox

In other news, EVP Angela C. Hilt sold 1,733 shares of Clorox stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $165.52, for a total value of $286,846.16. Following the transaction, the executive vice president now owns 13,471 shares of the company’s stock, valued at $2,229,719.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.57% of the company’s stock.

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.