Valley National Advisers Inc. Purchases 251 Shares of The Clorox Company (NYSE:CLX)

Valley National Advisers Inc. increased its position in The Clorox Company (NYSE:CLX) by 103.3% in the 4th quarter, Holdings Channel reports. The firm owned 494 shares of the company’s stock after buying an additional 251 shares during the quarter. Valley National Advisers Inc.’s holdings in Clorox were worth $80,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of CLX. Brooklyn Investment Group lifted its holdings in shares of Clorox by 163.8% during the 4th 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. Prospera Private Wealth LLC bought a new position in Clorox during the third quarter worth about $27,000. Continuum Advisory LLC boosted its holdings in Clorox by 300.0% during the third quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock valued at $30,000 after purchasing an additional 138 shares in the last quarter. Quarry LP lifted its position in shares of Clorox by 99.1% during the 2nd quarter. Quarry LP now owns 229 shares of the company’s stock worth $31,000 after buying an additional 114 shares during the period. Finally, Carolina Wealth Advisors LLC acquired a new stake in Clorox in the 3rd quarter valued at $48,000. Institutional investors own 78.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. TD Cowen upgraded Clorox from a “sell” rating to a “hold” rating and increased their price objective for the stock from $155.00 to $170.00 in a research note on Wednesday, November 6th. Wells Fargo & Company raised shares of Clorox from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $155.00 to $157.00 in a report on Tuesday, January 7th. Barclays decreased their price objective on shares of Clorox from $139.00 to $130.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. Evercore ISI cut their target price on shares of Clorox from $140.00 to $139.00 and set an “underperform” rating for the company in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. increased their price target on Clorox from $167.00 to $171.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Clorox has an average rating of “Hold” and an average price target of $156.07.

Clorox Price Performance

Shares of CLX stock opened at $158.60 on Monday. The firm has a market cap of $19.63 billion, a price-to-earnings ratio of 55.26, a PEG ratio of 2.91 and a beta of 0.42. The Clorox Company has a 12 month low of $127.60 and a 12 month high of $171.37. The company has a quick ratio of 0.62, a current ratio of 1.00 and a debt-to-equity ratio of 11.08. The stock has a 50-day moving average price of $162.76 and a 200 day moving average price of $158.35.

Clorox Announces Dividend

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 dividend yield of 3.08%. The ex-dividend date of this dividend is Wednesday, January 29th. Clorox’s dividend payout ratio (DPR) is 170.03%.

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.