The Clorox Company (NYSE:CLX) Shares Sold by Principle Wealth Partners LLC

Principle Wealth Partners LLC trimmed its holdings in The Clorox Company (NYSE:CLX) by 6.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,554 shares of the company’s stock after selling 180 shares during the period. Principle Wealth Partners LLC’s holdings in Clorox were worth $415,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CLX. 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. Prospera Private Wealth LLC acquired a new stake in Clorox in the 3rd quarter worth about $27,000. Continuum Advisory LLC boosted its stake in Clorox by 300.0% in the 3rd 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. Carolina Wealth Advisors LLC acquired a new stake in Clorox in the 3rd quarter worth about $48,000. Finally, Friedenthal Financial acquired a new position in shares of Clorox in the 3rd quarter valued at about $49,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Clorox Price Performance

CLX stock opened at $148.47 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The Clorox Company has a 52-week low of $127.60 and a 52-week high of $171.37. The stock’s 50 day moving average is $160.68 and its two-hundred day moving average is $159.16. The company has a market capitalization of $18.38 billion, a PE ratio of 40.56, a P/E/G ratio of 2.52 and a beta of 0.42.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm posted $2.16 EPS. Analysts predict that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $1.22 per share. The ex-dividend date is Wednesday, January 29th. This represents a $4.88 annualized dividend and a yield of 3.29%. Clorox’s dividend payout ratio is presently 133.33%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CLX shares. Wells Fargo & Company lifted their price objective on Clorox from $157.00 to $161.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 price objective on shares of Clorox in a research note on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. StockNews.com lowered Clorox from a “buy” rating to a “hold” rating in a research note on Sunday, January 5th. Finally, Evercore ISI lifted their price objective on Clorox from $145.00 to $155.00 in a research note on Tuesday, February 4th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $158.21.

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.