Strategic Financial Concepts LLC Buys Shares of 21,107 The Clorox Company (NYSE:CLX)

Strategic Financial Concepts LLC acquired a new position in shares of The Clorox Company (NYSE:CLX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 21,107 shares of the company's stock, valued at approximately $3,428,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its stake in Clorox by 163.8% in the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company's stock valued at $25,000 after acquiring an additional 95 shares during the period. Prospera Private Wealth LLC purchased a new position in Clorox in the 3rd quarter valued at $27,000. Continuum Advisory LLC lifted its holdings in Clorox by 300.0% in the 3rd 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. Carolina Wealth Advisors LLC purchased a new position in Clorox in the 3rd quarter valued at $48,000. Finally, Friedenthal Financial purchased a new position in Clorox in the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 78.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Royal Bank of Canada restated a "sector perform" rating and issued a $150.00 price objective on shares of Clorox in a report on Thursday, January 30th. DA Davidson decreased their price objective on Clorox from $171.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Barclays raised their price objective on Clorox from $130.00 to $140.00 and gave the company an "underweight" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. raised their price objective on Clorox from $171.00 to $173.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Finally, StockNews.com lowered Clorox from a "buy" rating to a "hold" rating in a report on Sunday, January 5th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $158.21.

Clorox Trading Up 1.4 %

CLX traded up $2.12 on Thursday, hitting $150.77. The company had a trading volume of 1,146,565 shares, compared to its average volume of 1,334,095. The firm has a market cap of $18.66 billion, a P/E ratio of 41.19, a PEG ratio of 2.52 and a beta of 0.42. The Clorox Company has a 1 year low of $127.60 and a 1 year high of $171.37. The company's fifty day moving average price is $159.93 and its 200 day moving average price is $159.19. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 20.52.

Clorox (NYSE:CLX - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.38% and a return on equity of 316.87%. During the same period last year, the company posted $2.16 EPS. As a group, equities analysts expect that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Wednesday, January 29th will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, January 29th. Clorox's dividend payout ratio is currently 133.33%.

Clorox Company 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.