Ritholtz Wealth Management Grows Stock Holdings in The Clorox Company (NYSE:CLX)

Ritholtz Wealth Management grew its holdings in The Clorox Company (NYSE:CLX) by 232.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,739 shares of the company’s stock after buying an additional 6,808 shares during the period. Ritholtz Wealth Management’s holdings in Clorox were worth $1,389,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Tyler Stone Wealth Management bought a new position in Clorox during the second quarter valued at $25,000. Fortitude Family Office LLC purchased a new position in shares of Clorox during the 4th quarter worth about $29,000. American National Bank grew its holdings in Clorox by 2,466.7% during the 3rd quarter. American National Bank now owns 231 shares of the company’s stock valued at $30,000 after purchasing an additional 222 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Clorox in the 1st quarter worth about $31,000. Finally, First Capital Advisors Group LLC. bought a new stake in Clorox in the second quarter worth about $35,000. 78.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays increased their price target on Clorox from $115.00 to $118.00 and gave the stock an “underweight” rating in a report on Tuesday, January 16th. The Goldman Sachs Group initiated coverage on shares of Clorox in a research report on Friday, March 1st. They issued a “sell” rating and a $140.00 price objective for the company. DA Davidson reaffirmed a “neutral” rating and set a $162.00 target price on shares of Clorox in a research report on Monday, February 5th. Bank of America upgraded Clorox from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $120.00 to $150.00 in a report on Friday, December 15th. Finally, Jefferies Financial Group raised Clorox from an “underperform” rating to a “hold” rating and set a $145.00 target price for the company in a research report on Tuesday. Four 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $147.06.

Clorox Trading Up 0.3 %

CLX opened at $153.14 on Friday. The Clorox Company has a one year low of $114.68 and a one year high of $178.21. The company has a debt-to-equity ratio of 11.37, a quick ratio of 0.57 and a current ratio of 0.89. The stock has a market capitalization of $19.01 billion, a PE ratio of 243.08, a P/E/G ratio of 2.34 and a beta of 0.43. The business’s 50 day moving average price is $150.70 and its 200 day moving average price is $140.93.

Clorox (NYSE:CLX) last released its quarterly earnings results on Thursday, February 1st. The company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $1.08. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.80 billion. Clorox had a net margin of 1.09% and a return on equity of 319.41%. The business’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. As a group, equities research analysts expect that The Clorox Company will post 5.52 EPS for the current year.

Clorox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.13%. The ex-dividend date is Tuesday, April 23rd. Clorox’s payout ratio is 761.92%.

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.