Culbertson A N & Co. Inc. Has $2.33 Million Holdings in The Clorox Company (NYSE:CLX)

Culbertson A N & Co. Inc. lifted its holdings in shares of The Clorox Company (NYSE:CLX - Free Report) by 52.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,362 shares of the company's stock after purchasing an additional 4,919 shares during the quarter. Culbertson A N & Co. Inc.'s holdings in Clorox were worth $2,333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. ZWJ Investment Counsel Inc. boosted its position in Clorox by 6.6% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,918 shares of the company's stock worth $312,000 after purchasing an additional 118 shares during the period. Kelly Financial Services LLC acquired a new stake in shares of Clorox in the fourth quarter worth $325,000. Aaron Wealth Advisors LLC bought a new stake in shares of Clorox during the 4th quarter worth $242,000. HB Wealth Management LLC grew its stake in Clorox by 12.4% in the 4th quarter. HB Wealth Management LLC now owns 4,588 shares of the company's stock valued at $745,000 after buying an additional 506 shares during the last quarter. Finally, Brooklyn Investment Group raised its holdings in Clorox by 163.8% in the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company's stock worth $25,000 after acquiring an additional 95 shares during the period. Institutional investors own 78.53% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CLX. Evercore ISI decreased their price target on shares of Clorox from $140.00 to $139.00 and set an "underperform" rating for the company in a report on Monday, October 14th. StockNews.com downgraded Clorox from a "buy" rating to a "hold" rating in a research note on Sunday, January 5th. Barclays dropped their price target on Clorox from $139.00 to $130.00 and set an "underweight" rating on the stock in a research report on Friday. Jefferies Financial Group raised Clorox from a "hold" rating to a "buy" rating and increased their price objective for the company from $174.00 to $187.00 in a research report on Tuesday, October 1st. Finally, TD Cowen raised shares of Clorox from a "sell" rating to a "hold" rating and boosted their target price for the stock from $155.00 to $170.00 in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $156.54.

Clorox Price Performance

Shares of NYSE:CLX traded down $0.26 during midday trading on Tuesday, reaching $160.03. 1,560,580 shares of the company's stock were exchanged, compared to its average volume of 1,004,848. The company has a debt-to-equity ratio of 11.08, a quick ratio of 0.62 and a current ratio of 1.00. The company's 50 day simple moving average is $164.16 and its two-hundred day simple moving average is $156.91. The Clorox Company has a 12 month low of $127.60 and a 12 month high of $171.37. The firm has a market capitalization of $19.81 billion, a PE ratio of 55.76, a price-to-earnings-growth ratio of 2.95 and a beta of 0.42.

Clorox (NYSE:CLX - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.50. Clorox had a return on equity of 316.08% and a net margin of 4.78%. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The company's quarterly revenue was up 27.0% on a year-over-year basis. Equities research analysts expect that The Clorox Company will post 6.87 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $1.22 per share. The ex-dividend date is Wednesday, January 29th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.05%. Clorox's payout ratio is presently 170.04%.

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.