Tidal Investments LLC Acquires 1,752 Shares of The Clorox Company (NYSE:CLX)

Tidal Investments LLC increased its holdings in shares of The Clorox Company (NYSE:CLX) by 5.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 31,665 shares of the company’s stock after purchasing an additional 1,752 shares during the quarter. Tidal Investments LLC’s holdings in Clorox were worth $5,143,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Brooklyn Investment Group increased its position in Clorox by 163.8% during the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock worth $25,000 after acquiring an additional 95 shares during the period. Redwood Park Advisors LLC bought a new position in Clorox during the fourth quarter worth about $26,000. Millstone Evans Group LLC bought a new position in Clorox during the fourth quarter worth about $31,000. Asset Planning Inc bought a new position in Clorox during the fourth quarter worth about $32,000. Finally, GKV Capital Management Co. Inc. bought a new position in Clorox during the fourth quarter worth about $32,000. 78.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on CLX. Barclays decreased their target price on shares of Clorox from $134.00 to $129.00 and set an “underweight” rating on the stock in a report on Wednesday, May 7th. UBS Group decreased their target price on shares of Clorox from $176.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 target price on shares of Clorox in a report on Thursday, January 30th. Wells Fargo & Company decreased their target price on shares of Clorox from $145.00 to $142.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Finally, DA Davidson decreased their target price on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Clorox presently has a consensus rating of “Hold” and a consensus price target of $151.23.

Insider Buying and Selling

In other Clorox news, Director Pierre R. Breber bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average cost of $136.57 per share, for a total transaction of $546,280.00. Following the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $546,280. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is owned by corporate insiders.

Clorox Stock Up 0.5%

NYSE:CLX opened at $135.53 on Wednesday. The firm’s 50 day simple moving average is $140.57 and its 200 day simple moving average is $152.97. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60. The Clorox Company has a one year low of $127.60 and a one year high of $171.37. The company has a market cap of $16.70 billion, a PE ratio of 37.03, a P/E/G ratio of 2.62 and a beta of 0.60.

Clorox (NYSE:CLX) last posted its earnings results on Monday, May 5th. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.12). Clorox had a return on equity of 316.87% and a net margin of 6.38%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the business earned $1.71 earnings per share. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. On average, research analysts anticipate that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Wednesday, April 23rd were given a dividend of $1.22 per share. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $4.88 annualized dividend and a yield of 3.60%. Clorox’s dividend payout ratio is presently 87.61%.

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.