Independent Advisor Alliance increased its stake in Clorox Company (The) (NYSE:CLX) by 0.5% during the first quarter, Holdings Channel reports. The fund owned 14,415 shares of the company’s stock after buying an additional 74 shares during the period. Independent Advisor Alliance’s holdings in Clorox Company (The) were worth $1,936,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Blue Chip Partners Inc. increased its stake in shares of Clorox Company (The) by 0.7% in the first quarter. Blue Chip Partners Inc. now owns 906 shares of the company’s stock valued at $122,000 after buying an additional 6 shares during the last quarter. Wade G W & Inc. increased its stake in shares of Clorox Company (The) by 0.3% in the first quarter. Wade G W & Inc. now owns 3,173 shares of the company’s stock valued at $428,000 after buying an additional 8 shares during the last quarter. FormulaFolio Investments LLC increased its stake in shares of Clorox Company (The) by 0.8% in the first quarter. FormulaFolio Investments LLC now owns 2,339 shares of the company’s stock valued at $315,000 after buying an additional 18 shares during the last quarter. Buckingham Asset Management LLC increased its stake in shares of Clorox Company (The) by 1.3% in the first quarter. Buckingham Asset Management LLC now owns 1,866 shares of the company’s stock valued at $252,000 after buying an additional 24 shares during the last quarter. Finally, Welch Group LLC increased its stake in shares of Clorox Company (The) by 3.5% in the first quarter. Welch Group LLC now owns 1,057 shares of the company’s stock valued at $143,000 after buying an additional 36 shares during the last quarter. 71.58% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Clorox Company (The) (NYSE:CLX)

Shares of Clorox Company (CLX) opened at 139.50 on Friday. The firm has a market cap of $17.97 billion, a PE ratio of 27.56 and a beta of 0.41. The firm’s 50-day moving average price is $134.35 and its 200 day moving average price is $129.41. Clorox Company has a 52 week low of $111.24 and a 52 week high of $140.55.

Clorox Company (The) (NYSE:CLX) last announced its quarterly earnings results on Wednesday, May 3rd. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.01. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Clorox Company (The) had a net margin of 11.22% and a return on equity of 215.99%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 earnings per share. Equities analysts anticipate that Clorox Company will post $5.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Wednesday, July 19th will be paid a dividend of $0.84 per share. This is a boost from Clorox Company (The)’s previous quarterly dividend of $0.80. This represents a $3.36 dividend on an annualized basis and a yield of 2.41%. Clorox Company (The)’s dividend payout ratio (DPR) is currently 63.12%.

COPYRIGHT VIOLATION WARNING: “Independent Advisor Alliance Has $1.94 Million Stake in Clorox Company (The) (CLX)” was reported by Financial Market News and is the property of of Financial Market News. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://www.financial-market-news.com/2017/06/17/independent-advisor-alliance-has-1-94-million-stake-in-clorox-company-the-clx.html.

Several research analysts recently commented on the company. Barclays PLC set a $140.00 price target on Clorox Company (The) and gave the stock a “hold” rating in a research note on Saturday, February 18th. Citigroup Inc. boosted their price target on Clorox Company (The) from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, April 7th. Royal Bank Of Canada set a $115.00 price target on Clorox Company (The) and gave the stock a “hold” rating in a research note on Monday, April 24th. Vetr cut Clorox Company (The) from a “buy” rating to a “hold” rating and set a $139.67 price target on the stock. in a research note on Tuesday, April 18th. Finally, Jefferies Group LLC set a $138.00 price target on Clorox Company (The) and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $128.97.

Clorox Company (The) Company Profile

The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.

Want to see what other hedge funds are holding CLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clorox Company (The) (NYSE:CLX).

Receive News & Ratings for Clorox Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clorox Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.