Wealthfront Advisers LLC significantly increased its stake in The Clorox Company (CLX) during the third quarter, boosting its position by 93.8%. The investment firm now holds 55,981 shares of Clorox, valued at approximately $6.90 million, reflecting a notable vote of confidence. Adding to this positive sentiment, Director Pierre R. Breber also expanded his ownership by 44.44% through a direct purchase of 4,000 shares. However, this buying activity contrasts with the broader analyst community, which maintains a consensus "Reduce" rating for CLX, with an average target price of $117.93. Separately, Clorox recently declared a quarterly dividend of $1.24 per share, offering a steady return to its shareholders. The divergent views between key investors and market analysts present a mixed outlook for the consumer goods giant.
Get AI-powered deep analysis for every story with a paid subscription
Upgrade for Analysis