The Clorox Company (NYSE:CLX) Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP trimmed its position in shares of The Clorox Company (NYSE:CLX) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,385 shares of the company’s stock after selling 690 shares during the period. Mission Wealth Management LP’s holdings in Clorox were worth $1,199,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Integral Investment Advisors Inc. lifted its holdings in shares of Clorox by 4.1% during the 4th quarter. Integral Investment Advisors Inc. now owns 1,718 shares of the company’s stock valued at $279,000 after acquiring an additional 67 shares in the last quarter. HCR Wealth Advisors lifted its stake in shares of Clorox by 1.0% during the fourth 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 boosted its position in shares of Clorox by 4.5% in the third 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 period. Aviance Capital Partners LLC grew its stake in shares of Clorox by 2.7% in the third 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 holdings in shares of Clorox by 9.9% during the 3rd 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 period. 78.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CLX. Wells Fargo & Company upped their price target on Clorox from $157.00 to $161.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. StockNews.com lowered shares of Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. TD Cowen upgraded shares of Clorox from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $155.00 to $170.00 in a report on Wednesday, November 6th. Barclays raised their target price on Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 price target on shares of Clorox in a research note on Thursday, January 30th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Clorox has a consensus rating of “Hold” and an average target price of $159.62.

Clorox Price Performance

CLX opened at $155.90 on Tuesday. 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 company’s 50-day moving average price is $156.73 and its 200 day moving average price is $160.44. The Clorox Company has a fifty-two week low of $127.60 and a fifty-two week high of $171.37. The firm has a market cap of $19.21 billion, a price-to-earnings ratio of 42.60, a price-to-earnings-growth ratio of 2.62 and a beta of 0.42.

Clorox (NYSE:CLX) last announced its quarterly earnings results 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 quarter in the previous year, the business posted $2.16 EPS. As a group, sell-side analysts expect that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Wednesday, April 23rd. Clorox’s dividend payout ratio (DPR) is 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.