Victory Capital Management Inc. Purchases 6,510 Shares of The Clorox Company (NYSE:CLX)

Victory Capital Management Inc. boosted its position in The Clorox Company (NYSE:CLX) by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 172,526 shares of the company’s stock after purchasing an additional 6,510 shares during the quarter. Victory Capital Management Inc. owned about 0.14% of Clorox worth $24,600,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new position in shares of Clorox in the fourth quarter valued at about $29,000. Tyler Stone Wealth Management increased its holdings in shares of Clorox by 64.5% during the third quarter. Tyler Stone Wealth Management now owns 255 shares of the company’s stock worth $33,000 after purchasing an additional 100 shares during the period. Hartford Financial Management Inc. boosted its stake in shares of Clorox by 57.1% in the fourth quarter. Hartford Financial Management Inc. now owns 256 shares of the company’s stock valued at $37,000 after buying an additional 93 shares during the period. Valley National Advisers Inc. boosted its stake in shares of Clorox by 458.3% in the fourth quarter. Valley National Advisers Inc. now owns 268 shares of the company’s stock valued at $38,000 after buying an additional 220 shares during the period. Finally, BKM Wealth Management LLC bought a new position in Clorox during the 4th quarter worth $41,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CLX has been the subject of a number of recent analyst reports. Citigroup cut their target price on Clorox from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, May 1st. JPMorgan Chase & Co. reduced their price objective on shares of Clorox from $159.00 to $158.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Clorox from $155.00 to $151.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. UBS Group cut their price target on shares of Clorox from $164.00 to $159.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Finally, Wells Fargo & Company decreased their price objective on shares of Clorox from $140.00 to $135.00 and set an “underweight” rating on the stock in a research note on Thursday, May 2nd. Four equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company. According to MarketBeat.com, Clorox has an average rating of “Hold” and an average price target of $146.43.

Clorox Stock Performance

NYSE:CLX opened at $140.45 on Thursday. The stock’s 50-day moving average is $148.00 and its 200-day moving average is $143.67. The Clorox Company has a 1-year low of $114.68 and a 1-year high of $170.43. The company has a current ratio of 0.90, a quick ratio of 0.53 and a debt-to-equity ratio of 9.73. The stock has a market cap of $17.44 billion, a P/E ratio of 72.77, a price-to-earnings-growth ratio of 2.13 and a beta of 0.44.

Clorox (NYSE:CLX) last posted its earnings results on Tuesday, April 30th. The company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.38. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.87 billion. Clorox had a net margin of 3.33% and a return on equity of 302.49%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.51 EPS. Equities research analysts anticipate that The Clorox Company will post 5.83 earnings per share for the current year.

Clorox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Tuesday, April 23rd. Clorox’s dividend payout ratio is currently 248.70%.

Clorox Company 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.