Kelly Financial Services LLC Purchases New Holdings in The Clorox Company (NYSE:CLX)

Kelly Financial Services LLC acquired a new stake in shares of The Clorox Company (NYSE:CLX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,000 shares of the company's stock, valued at approximately $325,000.

Other large investors have also recently bought and sold shares of the company. Aaron Wealth Advisors LLC acquired a new position in shares of Clorox in the 4th quarter valued at approximately $242,000. HB Wealth Management LLC boosted its holdings in shares of Clorox by 12.4% in the fourth 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 period. Brooklyn Investment Group increased its position in shares of Clorox by 163.8% during the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company's stock worth $25,000 after acquiring an additional 95 shares in the last quarter. Somerset Trust Co raised its holdings in shares of Clorox by 5.4% during the fourth quarter. Somerset Trust Co now owns 14,214 shares of the company's stock worth $2,308,000 after acquiring an additional 723 shares during the period. Finally, Merit Financial Group LLC lifted its position in Clorox by 17.3% in the 4th quarter. Merit Financial Group LLC now owns 2,274 shares of the company's stock valued at $369,000 after acquiring an additional 336 shares in the last quarter. 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. Jefferies Financial Group upgraded Clorox from a "hold" rating to a "buy" rating and increased their target price for the stock from $174.00 to $187.00 in a report on Tuesday, October 1st. Barclays decreased their target price on shares of Clorox from $139.00 to $130.00 and set an "underweight" rating for the company in a research report on Friday. StockNews.com cut shares of Clorox from a "buy" rating to a "hold" rating in a research report on Sunday, January 5th. JPMorgan Chase & Co. lifted their target price on Clorox from $167.00 to $171.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, DA Davidson increased their price target on Clorox from $153.00 to $171.00 and gave the company a "neutral" rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Clorox currently has an average rating of "Hold" and an average target price of $156.54.

Clorox Stock Performance

Shares of NYSE CLX traded down $0.16 during midday trading on Friday, hitting $160.31. 937,465 shares of the company's stock were exchanged, compared to its average volume of 960,748. The Clorox Company has a 12 month low of $127.60 and a 12 month high of $171.37. The company's 50 day moving average price is $164.25 and its 200 day moving average price is $156.54. The company has a quick ratio of 0.62, a current ratio of 1.00 and a debt-to-equity ratio of 11.08. The firm has a market capitalization of $19.84 billion, a PE ratio of 55.86, a price-to-earnings-growth ratio of 2.90 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 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.50. The firm had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.64 billion. Clorox had a net margin of 4.78% and a return on equity of 316.08%. The company's revenue for the quarter was up 27.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. As a group, analysts predict that The Clorox Company will post 6.87 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 29th will be issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Wednesday, January 29th. Clorox's dividend 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.