Leo Wealth LLC Purchases 871 Shares of The Clorox Company (NYSE:CLX)

Leo Wealth LLC grew its position in The Clorox Company (NYSE:CLX) by 33.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,514 shares of the company’s stock after acquiring an additional 871 shares during the quarter. Leo Wealth LLC’s holdings in Clorox were worth $571,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Insight Folios Inc boosted its stake in Clorox by 3.0% in the third quarter. Insight Folios Inc now owns 2,195 shares of the company’s stock valued at $358,000 after acquiring an additional 63 shares in the last quarter. HCR Wealth Advisors boosted its position in shares of Clorox by 1.0% in the 4th quarter. HCR Wealth Advisors now owns 6,870 shares of the company’s stock worth $1,116,000 after purchasing an additional 68 shares in the last quarter. Empower Advisory Group LLC grew its stake in Clorox by 4.5% during the 3rd quarter. Empower Advisory Group LLC now owns 1,823 shares of the company’s stock worth $297,000 after buying an additional 78 shares during the last quarter. Aviance Capital Partners LLC increased its position in Clorox by 2.7% during the 3rd quarter. Aviance Capital Partners LLC now owns 3,080 shares of the company’s stock valued at $502,000 after buying an additional 80 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in Clorox by 9.9% in the third quarter. Lindbrook Capital LLC now owns 977 shares of the company’s stock valued at $159,000 after buying an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

CLX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Clorox from $171.00 to $173.00 and gave the stock a “neutral” rating in a research note on Tuesday. DA Davidson cut their price target on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday. StockNews.com downgraded shares of Clorox from a “buy” rating to a “hold” rating in a research note on Sunday, January 5th. Barclays upped their target price on Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, TD Cowen raised Clorox from a “sell” rating to a “hold” rating and lifted their price target for the stock from $155.00 to $170.00 in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $158.21.

Clorox Stock Up 0.6 %

Shares of CLX stock opened at $148.51 on Friday. 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 Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The stock has a 50 day moving average of $161.44 and a 200 day moving average of $158.59. The stock has a market cap of $18.38 billion, a P/E ratio of 51.75, a P/E/G ratio of 2.92 and a beta of 0.42.

Clorox (NYSE:CLX) last posted its earnings results on Monday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.16. Clorox had a net margin of 4.78% and a return on equity of 316.08%. During the same period in the previous year, the company posted $2.16 earnings per share. As a group, sell-side analysts expect that The Clorox Company will post 6.86 EPS for the current year.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 29th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.29%. 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.