C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes $374,000 Position in The Clorox Company (NYSE:CLX)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased 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 Securities and Exchange Commission (SEC). The firm purchased 2,305 shares of the company's stock, valued at approximately $374,000.

A number of other hedge funds also recently modified their holdings of CLX. Insight Folios Inc grew its holdings in shares of Clorox by 3.0% during the third quarter. Insight Folios Inc now owns 2,195 shares of the company's stock worth $358,000 after buying an additional 63 shares in the last quarter. HCR Wealth Advisors grew its holdings in shares of Clorox by 1.0% during the fourth quarter. HCR Wealth Advisors now owns 6,870 shares of the company's stock worth $1,116,000 after buying an additional 68 shares in the last quarter. Empower Advisory Group LLC grew its holdings in shares of Clorox by 4.5% during the third quarter. Empower Advisory Group LLC now owns 1,823 shares of the company's stock worth $297,000 after buying an additional 78 shares in the last quarter. Aviance Capital Partners LLC grew its holdings in shares of Clorox by 2.7% during the third quarter. Aviance Capital Partners LLC now owns 3,080 shares of the company's stock worth $502,000 after buying an additional 80 shares in the last quarter. Finally, Lindbrook Capital LLC grew its holdings in shares of Clorox by 9.9% during the third quarter. Lindbrook Capital LLC now owns 977 shares of the company's stock worth $159,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on CLX. Barclays raised their price target on Clorox from $130.00 to $140.00 and gave the company an "underweight" rating in a research note on Wednesday, February 5th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $150.00 price objective on shares of Clorox in a research report on Thursday, January 30th. TD Cowen raised Clorox from a "sell" rating to a "hold" rating and raised their price objective for the company from $155.00 to $170.00 in a research report on Wednesday, November 6th. Evercore ISI lifted their price target on Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. Finally, DA Davidson dropped their price objective on Clorox from $171.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $158.21.

Clorox Price Performance

CLX stock traded down $2.86 during midday trading on Monday, reaching $147.91. 1,318,065 shares of the stock were exchanged, compared to its average volume of 1,380,263. The stock has a market capitalization of $18.31 billion, a PE ratio of 40.41, a P/E/G ratio of 2.52 and a beta of 0.42. The Clorox Company has a 52 week low of $127.60 and a 52 week high of $171.37. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.62. The company has a fifty day moving average price of $159.17 and a 200 day moving average price of $159.61.

Clorox (NYSE:CLX - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates 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 last year, the company posted $2.16 EPS. As a group, analysts expect that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Wednesday, January 29th were given a $1.22 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.30%. Clorox's dividend payout ratio (DPR) is presently 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.