Citizens Financial Group Inc. RI Acquires 247 Shares of The Clorox Company (NYSE:CLX)

Citizens Financial Group Inc. RI grew its holdings in The Clorox Company (NYSE:CLX) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,625 shares of the company’s stock after purchasing an additional 247 shares during the period. Citizens Financial Group Inc. RI’s holdings in Clorox were worth $751,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CLX. Brooklyn Investment Group grew its holdings in shares of Clorox by 163.8% in the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock worth $25,000 after acquiring an additional 95 shares during the period. Prospera Private Wealth LLC purchased a new stake in Clorox during the third quarter valued at $27,000. Continuum Advisory LLC increased its position in Clorox by 300.0% during 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 during the last quarter. Asset Planning Inc purchased a new stake in Clorox during the fourth quarter valued at $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Clorox during the fourth quarter valued at $36,000. Institutional investors own 78.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on CLX shares. Barclays upped their price objective on Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a research report on Wednesday, February 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 price objective on shares of Clorox in a research report on Thursday, January 30th. Wells Fargo & Company upped their price objective on Clorox from $157.00 to $161.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Evercore ISI upped their price objective on Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. Finally, StockNews.com lowered Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. Three 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 stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $159.62.

Clorox Stock Performance

NYSE CLX opened at $147.43 on Thursday. The firm has a market cap of $18.16 billion, a price-to-earnings ratio of 40.28, a price-to-earnings-growth ratio of 2.62 and a beta of 0.45. 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 business has a 50-day moving average price of $154.81 and a 200-day moving average price of $160.32. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37.

Clorox (NYSE:CLX) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates 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 period last year, the business earned $2.16 earnings per share. As a group, equities research analysts predict that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 23rd will be paid a dividend of $1.22 per share. 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 payout ratio 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.