Axxcess Wealth Management LLC Has $2.32 Million Stock Holdings in The Clorox Company (NYSE:CLX)

Axxcess Wealth Management LLC increased its position in shares of The Clorox Company (NYSE:CLX) by 9.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 14,309 shares of the company’s stock after purchasing an additional 1,221 shares during the period. Axxcess Wealth Management LLC’s holdings in Clorox were worth $2,324,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CLX. State Street Corp boosted its position in Clorox by 3.1% in the third quarter. State Street Corp now owns 8,182,109 shares of the company’s stock valued at $1,332,947,000 after buying an additional 245,525 shares in the last quarter. Geode Capital Management LLC boosted its position in Clorox by 1.1% in the third quarter. Geode Capital Management LLC now owns 3,028,333 shares of the company’s stock valued at $491,713,000 after buying an additional 33,970 shares in the last quarter. Stifel Financial Corp boosted its position in Clorox by 1.7% in the third quarter. Stifel Financial Corp now owns 2,334,826 shares of the company’s stock valued at $380,370,000 after buying an additional 37,967 shares in the last quarter. Amundi boosted its position in Clorox by 42.6% in the fourth quarter. Amundi now owns 1,032,283 shares of the company’s stock valued at $165,816,000 after buying an additional 308,234 shares in the last quarter. Finally, FMR LLC boosted its position in Clorox by 27.6% in the third quarter. FMR LLC now owns 776,232 shares of the company’s stock valued at $126,456,000 after buying an additional 168,111 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Clorox Price Performance

Shares of NYSE CLX opened at $145.33 on Thursday. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. 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 has a market capitalization of $17.90 billion, a PE ratio of 39.71, a P/E/G ratio of 2.62 and a beta of 0.45. The firm has a fifty day simple moving average of $153.40 and a 200 day simple moving average of $159.97.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.16. Clorox had a net margin of 6.38% and a return on equity of 316.87%. During the same period in the prior year, the company earned $2.16 earnings per share. On average, sell-side analysts forecast that The Clorox Company will post 7.15 EPS for the current year.

Clorox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd will be paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox’s dividend payout ratio (DPR) is currently 133.33%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CLX shares. JPMorgan Chase & Co. raised their target price on shares of Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 target price on shares of Clorox in a research report on Thursday, January 30th. DA Davidson dropped their price target on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Wells Fargo & Company raised their price target on shares of Clorox from $157.00 to $161.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 4th. Finally, Evercore ISI raised their price target on shares of Clorox from $145.00 to $155.00 in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Clorox has an average rating of “Hold” and an average price target of $159.62.

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.