Miracle Mile Advisors LLC bought a new position in shares of The Clorox Company (NYSE:CLX – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,641 shares of the company’s stock, valued at approximately $1,566,000.
A number of other institutional investors have also made changes to their positions in CLX. Prospera Private Wealth LLC acquired a new stake in Clorox in the third quarter valued at $27,000. Continuum Advisory LLC raised its holdings 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 acquiring an additional 138 shares in the last quarter. Quarry LP raised its holdings in Clorox by 99.1% in the second quarter. Quarry LP now owns 229 shares of the company’s stock valued at $31,000 after acquiring an additional 114 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new stake in Clorox in the third quarter valued at $48,000. Finally, Friedenthal Financial acquired a new stake in Clorox in the third quarter valued at $49,000. 78.53% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on CLX shares. Jefferies Financial Group raised shares of Clorox from a “hold” rating to a “buy” rating and increased their target price for the stock from $174.00 to $187.00 in a report on Tuesday, October 1st. StockNews.com cut shares of Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. JPMorgan Chase & Co. increased their target price on shares of Clorox from $148.00 to $174.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Evercore ISI dropped their target price on shares of Clorox from $140.00 to $139.00 and set an “underperform” rating on the stock in a report on Monday, October 14th. Finally, Wells Fargo & Company raised shares of Clorox from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $155.00 to $157.00 in a report on Tuesday, January 7th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Clorox presently has an average rating of “Hold” and an average target price of $157.46.
Clorox Stock Up 0.9 %
Clorox stock opened at $158.95 on Wednesday. The stock has a market cap of $19.67 billion, a price-to-earnings ratio of 55.38, a PEG ratio of 3.04 and a beta of 0.42. The company has a current ratio of 1.00, a quick ratio of 0.62 and a debt-to-equity ratio of 11.08. The company’s 50-day moving average price is $164.48 and its two-hundred day moving average price is $156.16. The Clorox Company has a 52 week low of $127.60 and a 52 week high of $171.37.
Clorox (NYSE:CLX – Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.36 by $0.50. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Clorox had a net margin of 4.78% and a return on equity of 316.08%. Clorox’s quarterly revenue was up 27.0% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. On average, analysts expect that The Clorox Company will post 6.85 EPS for the current fiscal year.
Clorox Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Wednesday, January 29th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $4.88 annualized dividend and a yield of 3.07%. Clorox’s payout ratio is 170.03%.
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.
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