Okabena Investment Services Inc. lowered its stake in The Clorox Company (NYSE:CLX - Free Report) by 42.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,050 shares of the company's stock after selling 3,041 shares during the quarter. Okabena Investment Services Inc.'s holdings in Clorox were worth $658,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of CLX. Integral Investment Advisors Inc. lifted its stake in shares of Clorox by 4.1% during the 4th quarter. Integral Investment Advisors Inc. now owns 1,718 shares of the company's stock worth $279,000 after purchasing an additional 67 shares during the period. HCR Wealth Advisors lifted its position in Clorox by 1.0% during the fourth quarter. HCR Wealth Advisors now owns 6,870 shares of the company's stock worth $1,116,000 after buying an additional 68 shares during the period. Sound View Wealth Advisors Group LLC lifted its position in Clorox by 6.1% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,345 shares of the company's stock worth $218,000 after buying an additional 77 shares during the period. Brooklyn Investment Group boosted its stake in Clorox by 163.8% in the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company's stock worth $25,000 after buying an additional 95 shares during the last quarter. Finally, Global X Japan Co. Ltd. grew its holdings in Clorox by 3.0% in the 4th quarter. Global X Japan Co. Ltd. now owns 3,272 shares of the company's stock valued at $531,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 78.53% of the company's stock.
Analysts Set New Price Targets
Several research firms recently issued reports on CLX. DA Davidson decreased their target price on shares of Clorox from $171.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their price objective 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. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $150.00 target price on shares of Clorox in a research report on Thursday, January 30th. Barclays reduced their target price on Clorox from $140.00 to $139.00 and set an "underweight" rating on the stock in a report on Thursday. Finally, StockNews.com lowered Clorox from a "buy" rating to a "hold" rating in a research note on Sunday, January 5th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Clorox currently has a consensus rating of "Hold" and a consensus target price of $159.50.
Read Our Latest Analysis on Clorox
Clorox Stock Up 0.7 %
NYSE:CLX traded up $1.00 during trading hours on Monday, hitting $147.28. The stock had a trading volume of 1,201,840 shares, compared to its average volume of 1,278,756. The business has a 50 day simple moving average of $151.34 and a two-hundred day simple moving average of $159.00. The Clorox Company has a 1-year low of $127.60 and a 1-year high of $171.37. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52. The company has a market cap of $18.14 billion, a PE ratio of 40.24, a price-to-earnings-growth ratio of 2.62 and a beta of 0.45.
Clorox (NYSE:CLX - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating 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 business posted $2.16 earnings per share. Analysts predict that The Clorox Company will post 7.15 EPS for the current year.
Clorox Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 23rd will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox's dividend payout ratio is currently 133.33%.
Clorox Company Profile
(
Free Report)
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.
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