Parallel Advisors LLC Has $813,000 Holdings in The Clorox Company (NYSE:CLX)

Parallel Advisors LLC boosted its holdings in shares of The Clorox Company (NYSE:CLX) by 11.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,006 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Parallel Advisors LLC’s holdings in Clorox were worth $813,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CLX. OneDigital Investment Advisors LLC acquired a new position in shares of Clorox in the third quarter valued at approximately $207,000. Natixis Advisors LLC grew its position in shares of Clorox by 8.3% in the third quarter. Natixis Advisors LLC now owns 63,476 shares of the company’s stock valued at $10,341,000 after purchasing an additional 4,839 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Clorox by 2.7% in the third quarter. Thrivent Financial for Lutherans now owns 9,091 shares of the company’s stock valued at $1,481,000 after purchasing an additional 236 shares during the last quarter. Swiss National Bank grew its position in shares of Clorox by 0.3% in the third quarter. Swiss National Bank now owns 368,600 shares of the company’s stock valued at $60,049,000 after purchasing an additional 1,200 shares during the last quarter. Finally, MAI Capital Management grew its position in shares of Clorox by 2.1% in the third quarter. MAI Capital Management now owns 12,918 shares of the company’s stock valued at $2,104,000 after purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 target price on shares of Clorox in a research report on Thursday, January 30th. StockNews.com downgraded Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Barclays upped their target price on Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a research report on Wednesday, February 5th. DA Davidson reduced their price target on Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, Evercore ISI increased their price target on Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Clorox presently has an average rating of “Hold” and a consensus target price of $159.62.

Clorox Stock Up 0.3 %

NYSE CLX opened at $145.33 on Thursday. The business has a fifty day moving average price of $153.40 and a two-hundred day moving average price of $159.97. 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 fifty-two week low of $127.60 and a fifty-two week high of $171.37. The stock has a market capitalization of $17.90 billion, a PE ratio of 39.71, a PEG ratio of 2.62 and a beta of 0.45.

Clorox (NYSE:CLX) last released its earnings results on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping 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 quarter in the previous year, the firm earned $2.16 earnings per share. Equities analysts expect that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm 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 dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.36%. The ex-dividend date is Wednesday, April 23rd. Clorox’s payout ratio is presently 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.