Koshinski Asset Management Inc. Sells 2,450 Shares of The Clorox Company (NYSE:CLX)

Koshinski Asset Management Inc. trimmed its holdings in The Clorox Company (NYSE:CLX - Free Report) by 55.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,952 shares of the company's stock after selling 2,450 shares during the quarter. Koshinski Asset Management Inc.'s holdings in Clorox were worth $317,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes 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 worth $25,000 after purchasing an additional 95 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Clorox in the 3rd quarter worth $27,000. Continuum Advisory LLC lifted its holdings in shares of 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 buying an additional 138 shares during the period. Quarry LP boosted its stake in Clorox by 99.1% during the second quarter. Quarry LP now owns 229 shares of the company's stock valued at $31,000 after buying an additional 114 shares in the last quarter. Finally, Carolina Wealth Advisors LLC acquired a new position in Clorox during the third quarter worth about $48,000. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on CLX. TD Cowen upgraded shares of Clorox from a "sell" rating to a "hold" rating and raised their price objective for the company from $155.00 to $170.00 in a research report on Wednesday, November 6th. DA Davidson raised their target price on shares of Clorox from $153.00 to $171.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Jefferies Financial Group raised Clorox from a "hold" rating to a "buy" rating and upped their price target for the company from $174.00 to $187.00 in a report on Tuesday, October 1st. JPMorgan Chase & Co. raised their price objective on Clorox from $167.00 to $171.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company raised Clorox from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $155.00 to $157.00 in a research report on Tuesday, January 7th. Four 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 data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $156.54.

Clorox Stock Down 1.1 %

Shares of CLX stock traded down $1.71 during trading on Friday, hitting $159.12. 948,366 shares of the company were exchanged, compared to its average volume of 992,551. The business's 50-day simple moving average is $163.83 and its 200 day simple moving average is $157.13. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The firm has a market capitalization of $19.70 billion, a price-to-earnings ratio of 55.44, a P/E/G ratio of 2.92 and a beta of 0.42. The company has a debt-to-equity ratio of 11.08, a quick ratio of 0.62 and a current ratio of 1.00.

Clorox (NYSE:CLX - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.50. Clorox had a net margin of 4.78% and a return on equity of 316.08%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business posted $0.49 EPS. The company's revenue for the quarter was up 27.0% on a year-over-year basis. As a group, analysts forecast that The Clorox Company will post 6.87 EPS for the current fiscal year.

Clorox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 29th will be paid a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Wednesday, January 29th. Clorox's dividend payout ratio (DPR) is presently 170.04%.

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.