Advisory Services Network LLC Purchases 5,510 Shares of The Clorox Company (NYSE:CLX)

Advisory Services Network LLC boosted its position in The Clorox Company (NYSE:CLXFree Report) by 39.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,507 shares of the company’s stock after acquiring an additional 5,510 shares during the period. Advisory Services Network LLC’s holdings in Clorox were worth $2,782,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CLX. Orion Portfolio Solutions LLC increased its stake in shares of Clorox by 40.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 36,963 shares of the company’s stock worth $5,257,000 after purchasing an additional 10,704 shares in the last quarter. Team Hewins LLC purchased a new position in Clorox in the 4th quarter valued at approximately $203,000. US Bancorp DE raised its holdings in Clorox by 0.5% during the 4th quarter. US Bancorp DE now owns 131,972 shares of the company’s stock valued at $18,818,000 after acquiring an additional 707 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Clorox by 1.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 48,102 shares of the company’s stock valued at $6,859,000 after acquiring an additional 498 shares during the period. Finally, Central Valley Advisors LLC purchased a new stake in shares of Clorox during the fourth quarter worth $1,385,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on CLX shares. Citigroup decreased their price objective on Clorox from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Clorox from $155.00 to $151.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Wells Fargo & Company lowered their price target on shares of Clorox from $140.00 to $135.00 and set an “underweight” rating on the stock in a report on Thursday, May 2nd. Jefferies Financial Group raised shares of Clorox from an “underperform” rating to a “hold” rating and set a $145.00 price objective for the company in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Clorox from $159.00 to $158.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Four research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. According to MarketBeat, Clorox has an average rating of “Hold” and a consensus price target of $146.43.

Check Out Our Latest Stock Report on CLX

Clorox Price Performance

Shares of NYSE:CLX opened at $131.53 on Monday. The Clorox Company has a one year low of $114.68 and a one year high of $169.14. The company has a debt-to-equity ratio of 9.73, a current ratio of 0.90 and a quick ratio of 0.53. The firm has a market capitalization of $16.33 billion, a price-to-earnings ratio of 68.15, a PEG ratio of 2.03 and a beta of 0.44. The company’s fifty day moving average price is $143.83 and its 200-day moving average price is $144.98.

Clorox (NYSE:CLXGet Free Report) last released its earnings results on Tuesday, April 30th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.38. Clorox had a return on equity of 302.49% and a net margin of 3.33%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the firm earned $1.51 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis. On average, equities research analysts anticipate that The Clorox Company will post 5.83 earnings per share for the current fiscal year.

Clorox Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Wednesday, April 24th were issued a dividend of $1.20 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.65%. Clorox’s dividend payout ratio is 248.71%.

Clorox Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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