GKV Capital Management Co. Inc. Purchases Shares of 200 The Clorox Company (NYSE:CLX)

GKV Capital Management Co. Inc. acquired a new position in shares of The Clorox Company (NYSE:CLX) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 200 shares of the company’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group raised its stake in Clorox by 163.8% during the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock valued at $25,000 after purchasing an additional 95 shares in the last quarter. Redwood Park Advisors LLC purchased a new stake in shares of Clorox during the 4th quarter valued at about $26,000. Millstone Evans Group LLC purchased a new position in Clorox in the fourth quarter worth about $31,000. Asset Planning Inc bought a new stake in Clorox during the fourth quarter worth approximately $32,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Clorox during the fourth quarter valued at approximately $33,000. 78.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CLX shares. Citigroup cut their target price on Clorox from $165.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday. DA Davidson lowered their target price on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Barclays cut their price target on shares of Clorox from $139.00 to $134.00 and set an “underweight” rating on the stock in a report on Friday, April 11th. Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 price objective on shares of Clorox in a research note on Thursday, January 30th. Finally, StockNews.com cut Clorox from a “buy” rating to a “hold” rating in a research note on Sunday, January 5th. Three equities research 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $153.83.

Clorox Stock Up 2.0 %

Shares of NYSE CLX opened at $139.60 on Friday. The stock has a market capitalization of $17.20 billion, a PE ratio of 38.14, a price-to-earnings-growth ratio of 2.62 and a beta of 0.61. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52. The Clorox Company has a 12-month low of $127.60 and a 12-month high of $171.37. The stock’s fifty day simple moving average is $146.74 and its two-hundred day simple moving average is $156.63.

Clorox (NYSE:CLX) last posted its earnings results on Monday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.16. Clorox had a return on equity of 316.87% and a net margin of 6.38%. During the same period last year, the firm earned $2.16 EPS. As a group, analysts expect that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd will be paid a $1.22 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.88 annualized dividend and a yield of 3.50%. Clorox’s dividend payout ratio (DPR) is 133.33%.

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.