Farther Finance Advisors LLC Sells 4,660 Shares of The Clorox Company (NYSE:CLX)

Farther Finance Advisors LLC decreased its stake in The Clorox Company (NYSE:CLX - Free Report) by 49.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,682 shares of the company's stock after selling 4,660 shares during the quarter. Farther Finance Advisors LLC's holdings in Clorox were worth $760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CLX. State Street Corp increased its stake in Clorox by 3.1% in the 3rd quarter. State Street Corp now owns 8,182,109 shares of the company's stock valued at $1,332,947,000 after buying an additional 245,525 shares during the period. Mizuho Securities USA LLC increased its stake in Clorox by 46,877.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 4,500,000 shares of the company's stock valued at $733,095,000 after buying an additional 4,490,421 shares during the period. Geode Capital Management LLC increased its stake in Clorox by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,028,333 shares of the company's stock valued at $491,713,000 after buying an additional 33,970 shares during the period. Stifel Financial Corp increased its stake in Clorox by 1.7% in the 3rd quarter. Stifel Financial Corp now owns 2,334,826 shares of the company's stock valued at $380,370,000 after buying an additional 37,967 shares during the period. Finally, Amundi increased its stake in Clorox by 42.6% in the 4th quarter. Amundi now owns 1,032,283 shares of the company's stock valued at $165,816,000 after buying an additional 308,234 shares during the period. Institutional investors and hedge funds own 78.53% of the company's stock.

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Analyst Upgrades and Downgrades

CLX has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Clorox from $171.00 to $173.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Barclays raised their target price on shares of Clorox from $130.00 to $140.00 and gave the company an "underweight" rating in a research note on Wednesday, February 5th. Evercore ISI raised their target price on shares of Clorox from $145.00 to $155.00 in a research note on Tuesday, February 4th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $150.00 target price on shares of Clorox in a research note on Thursday, January 30th. Finally, Wells Fargo & Company raised their target price on shares of Clorox from $157.00 to $161.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Three 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $159.62.

Clorox Price Performance

Shares of CLX traded up $0.45 during trading hours on Wednesday, hitting $145.33. 1,104,698 shares of the company were exchanged, compared to its average volume of 1,215,082. The company has a market cap of $17.90 billion, a price-to-earnings ratio of 39.71, a P/E/G ratio of 2.62 and a beta of 0.45. The Clorox Company has a fifty-two week low of $127.60 and a fifty-two week high of $171.37. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The firm's fifty day moving average is $153.71 and its 200 day moving average is $160.08.

Clorox (NYSE:CLX - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.16. Clorox had a return on equity of 316.87% and a net margin of 6.38%. During the same quarter last year, the company posted $2.16 EPS. On average, equities analysts anticipate that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 23rd will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.36%. The ex-dividend date is Wednesday, April 23rd. Clorox's dividend payout ratio (DPR) is presently 133.33%.

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.