Savvy Advisors Inc. Makes New Investment in The Clorox Company (NYSE:CLX)

Savvy Advisors Inc. acquired a new stake in The Clorox Company (NYSE:CLX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,827 shares of the company's stock, valued at approximately $946,000.

A number of other hedge funds also recently made changes to their positions in CLX. Rockefeller Capital Management L.P. lifted its holdings in Clorox by 5.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 16,003 shares of the company's stock valued at $2,599,000 after purchasing an additional 847 shares during the last quarter. Heritage Trust Co bought a new stake in shares of Clorox during the 4th quarter worth about $466,000. Redwood Park Advisors LLC acquired a new position in Clorox in the 4th quarter valued at about $26,000. F M Investments LLC raised its holdings in Clorox by 17.9% in the 4th quarter. F M Investments LLC now owns 15,063 shares of the company's stock valued at $2,446,000 after acquiring an additional 2,291 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Clorox during the fourth quarter worth approximately $37,935,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on CLX shares. Wells Fargo & Company dropped their price target on Clorox from $155.00 to $145.00 and set an "equal weight" rating for the company in a report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Clorox from $173.00 to $151.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Barclays cut their price target on Clorox from $139.00 to $134.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. DA Davidson reduced their target price on Clorox from $171.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Finally, Citigroup lowered their price objective on shares of Clorox from $165.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $153.83.

Clorox Trading Up 2.0 %

Shares of CLX stock traded up $2.80 on Friday, hitting $139.60. The company had a trading volume of 948,624 shares, compared to its average volume of 1,303,479. The stock's 50-day moving average is $146.57 and its two-hundred day moving average is $156.45. The company has a debt-to-equity ratio of 20.52, a quick ratio of 0.60 and a current ratio of 0.94. The firm has a market cap of $17.20 billion, a P/E ratio of 38.14, a P/E/G ratio of 2.62 and a beta of 0.61. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37.

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

Clorox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd 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 3.50%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox's payout ratio is 133.33%.

About Clorox

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.