626 Financial LLC Has $206,000 Stake in The Clorox Company (NYSE:CLX)

626 Financial LLC trimmed its stake in shares of The Clorox Company (NYSE:CLX) by 44.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,271 shares of the company’s stock after selling 1,000 shares during the period. 626 Financial LLC’s holdings in Clorox were worth $206,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CLX. Prospera Private Wealth LLC bought a new stake in shares of Clorox during the third quarter worth approximately $27,000. Continuum Advisory LLC raised its stake in shares of Clorox by 300.0% during the third quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $30,000 after buying an additional 138 shares during the last quarter. Quarry LP raised its stake in shares of Clorox by 99.1% during the second quarter. Quarry LP now owns 229 shares of the company’s stock worth $31,000 after buying an additional 114 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in shares of Clorox during the third quarter worth approximately $48,000. Finally, Friedenthal Financial bought a new stake in shares of Clorox during the third quarter worth approximately $49,000. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CLX has been the subject of a number of recent research reports. StockNews.com downgraded shares of Clorox from a “buy” rating to a “hold” rating in a research note on Sunday, January 5th. Barclays boosted their price target on shares of Clorox from $137.00 to $139.00 and gave the stock an “underweight” rating in a research note on Friday, November 1st. DA Davidson upped their target price on shares of Clorox from $153.00 to $171.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Wells Fargo & Company raised shares of Clorox from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $155.00 to $157.00 in a research note on Tuesday, January 7th. Finally, Evercore ISI lowered their target price on shares of Clorox from $140.00 to $139.00 and set an “underperform” rating for the company in a research note on Monday, October 14th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Clorox presently has an average rating of “Hold” and an average target price of $157.46.

Clorox Stock Up 0.9 %

Shares of CLX stock opened at $158.95 on Wednesday. The firm has a fifty day moving average of $164.48 and a 200-day moving average of $156.16. The company has a quick ratio of 0.62, a current ratio of 1.00 and a debt-to-equity ratio of 11.08. The Clorox Company has a 12-month low of $127.60 and a 12-month high of $171.37. The company has a market capitalization of $19.67 billion, a price-to-earnings ratio of 55.38, a P/E/G ratio of 3.04 and a beta of 0.42.

Clorox (NYSE:CLX) last announced its earnings results on Wednesday, October 30th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.36 by $0.50. Clorox had a net margin of 4.78% and a return on equity of 316.08%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The firm’s revenue was up 27.0% on a year-over-year basis. As a group, equities research analysts predict that The Clorox Company will post 6.85 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 29th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.07%. The ex-dividend date is Wednesday, January 29th. 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.