Soltis Investment Advisors LLC Purchases Shares of 3,486 The Clorox Company (NYSE:CLX)

Soltis Investment Advisors LLC bought a new position in shares of The Clorox Company (NYSE:CLX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,486 shares of the company's stock, valued at approximately $566,000.

Several other hedge funds have also made changes to their positions in the business. Brooklyn Investment Group lifted its position in Clorox by 163.8% in the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company's stock valued at $25,000 after purchasing an additional 95 shares during the period. Prospera Private Wealth LLC acquired a new stake in Clorox in the third quarter valued at about $27,000. Continuum Advisory LLC lifted its position in Clorox by 300.0% in the third quarter. Continuum Advisory LLC now owns 184 shares of the company's stock valued at $30,000 after purchasing an additional 138 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in Clorox in the third quarter valued at about $48,000. Finally, Friedenthal Financial acquired a new stake in Clorox in the third quarter valued at about $49,000. Institutional investors and hedge funds own 78.53% of the company's stock.

Analysts Set New Price Targets

CLX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Clorox from $171.00 to $173.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Evercore ISI increased their target price on shares of Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. StockNews.com cut shares of Clorox from a "buy" rating to a "hold" rating in a report on Sunday, January 5th. Barclays increased their target price on shares of Clorox from $130.00 to $140.00 and gave the company an "underweight" rating in a report on Wednesday, February 5th. Finally, TD Cowen raised shares of Clorox from a "sell" rating to a "hold" rating and increased their target price for the company from $155.00 to $170.00 in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $158.21.

Clorox Price Performance

Shares of CLX traded down $2.86 during mid-day trading on Friday, reaching $147.91. 1,318,065 shares of the company's stock were exchanged, compared to its average volume of 1,333,562. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The company has a 50-day simple moving average of $159.55 and a two-hundred day simple moving average of $159.13. The Clorox Company has a 52-week low of $127.60 and a 52-week high of $171.37. The company has a market cap of $18.31 billion, a price-to-earnings ratio of 40.41, a PEG ratio of 2.52 and a beta of 0.42.

Clorox (NYSE:CLX - Get Free Report) last announced its 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 quarter last year, the company earned $2.16 EPS. On average, sell-side analysts predict that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 29th will be given 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 yield of 3.30%. Clorox's dividend payout ratio (DPR) is currently 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.