Mystic Asset Management Inc. Has $1.79 Million Stock Holdings in The Clorox Company (NYSE:CLX)

Mystic Asset Management Inc. raised its holdings in The Clorox Company (NYSE:CLX) by 31.7% during the fourth quarter, HoldingsChannel reports. The firm owned 11,040 shares of the company’s stock after acquiring an additional 2,657 shares during the quarter. Mystic Asset Management Inc.’s holdings in Clorox were worth $1,793,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group grew its position in Clorox by 163.8% in the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock valued at $25,000 after acquiring an additional 95 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Clorox during the 3rd quarter worth approximately $27,000. Continuum Advisory LLC increased its position in Clorox by 300.0% during the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $30,000 after purchasing an additional 138 shares in the last quarter. Asset Planning Inc acquired a new position in Clorox during the 4th quarter worth approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in Clorox during the 4th quarter worth approximately $36,000. Institutional investors own 78.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CLX shares. DA Davidson dropped their price target on Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 price target on shares of Clorox in a research note on Thursday, January 30th. Barclays lifted their price target on Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price target on Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company boosted their target price on shares of Clorox from $157.00 to $161.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 4th. Three equities 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 company’s stock. Based on data from MarketBeat.com, Clorox currently has an average rating of “Hold” and a consensus target price of $159.62.

Clorox Trading Up 0.9 %

NYSE CLX opened at $148.54 on Tuesday. The business has a 50 day simple moving average of $154.01 and a 200 day simple moving average of $160.17. The Clorox Company has a one year low of $127.60 and a one year high of $171.37. The stock has a market capitalization of $18.30 billion, a P/E ratio of 40.58, a P/E/G ratio of 2.62 and a beta of 0.45. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60.

Clorox (NYSE:CLX) last released its earnings results on Monday, February 3rd. The company reported $1.55 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 previous year, the company earned $2.16 earnings per share. Research analysts expect that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Wednesday, April 23rd. This represents a $4.88 annualized dividend and a dividend yield of 3.29%. Clorox’s dividend payout ratio is currently 133.33%.

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.