Savoir Faire Capital Management L.P. Has $901,000 Position in The Clorox Company (NYSE:CLX)

Savoir Faire Capital Management L.P. trimmed its stake in The Clorox Company (NYSE:CLX - Free Report) by 82.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,548 shares of the company's stock after selling 26,267 shares during the quarter. Savoir Faire Capital Management L.P.'s holdings in Clorox were worth $901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CLX. California Public Employees Retirement System boosted its stake in Clorox by 1.3% during the 4th quarter. California Public Employees Retirement System now owns 565,810 shares of the company's stock valued at $91,893,000 after purchasing an additional 6,987 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Clorox by 26.3% during the third quarter. Public Employees Retirement System of Ohio now owns 59,766 shares of the company's stock valued at $9,736,000 after buying an additional 12,428 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of Clorox during the fourth quarter worth approximately $204,000. Apollon Wealth Management LLC grew its holdings in Clorox by 119.6% in the 4th quarter. Apollon Wealth Management LLC now owns 3,364 shares of the company's stock worth $546,000 after buying an additional 1,832 shares in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in Clorox in the 4th quarter valued at approximately $1,566,000. Institutional investors and hedge funds own 78.53% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CLX shares. Wells Fargo & Company decreased their price target on Clorox from $161.00 to $155.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. raised their target price on shares of Clorox from $171.00 to $173.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Evercore ISI upped their price target on shares of Clorox from $145.00 to $155.00 in a research note on Tuesday, February 4th. Barclays lowered their price objective on shares of Clorox from $140.00 to $139.00 and set an "underweight" rating on the stock in a research note on Thursday, March 27th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $150.00 target price on shares of Clorox in a research report on Thursday, January 30th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Clorox has an average rating of "Hold" and a consensus target price of $159.00.

Clorox Trading Up 0.0 %

Shares of NYSE:CLX traded up $0.02 during midday trading on Wednesday, reaching $136.42. The company had a trading volume of 416,001 shares, compared to its average volume of 1,287,459. The company has a fifty day simple moving average of $148.69 and a two-hundred day simple moving average of $157.86. The firm has a market cap of $16.81 billion, a price-to-earnings ratio of 37.30, a price-to-earnings-growth ratio of 2.62 and a beta of 0.61. The Clorox Company has a 1-year low of $127.60 and a 1-year high of $171.37. The company has a debt-to-equity ratio of 20.52, a quick ratio of 0.60 and a current ratio of 0.94.

Clorox (NYSE:CLX - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping 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 in the prior year, the company earned $2.16 EPS. Research analysts predict that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be given a $1.22 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.88 annualized dividend and a dividend yield of 3.58%. Clorox's dividend payout ratio (DPR) is presently 133.33%.

Clorox 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.