B. Riley Wealth Advisors Inc. Has $1.04 Million Stake in The Clorox Company (NYSE:CLX)

B. Riley Wealth Advisors Inc. grew its holdings in The Clorox Company (NYSE:CLX) by 11.4% during the first quarter, Holdings Channel.com reports. The firm owned 6,762 shares of the company’s stock after buying an additional 691 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Clorox were worth $1,035,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in shares of Clorox during the fourth quarter worth approximately $144,844,000. Norges Bank acquired a new position in shares of Clorox in the fourth quarter valued at $128,382,000. Parsifal Capital Management LP acquired a new position in shares of Clorox in the fourth quarter valued at $128,245,000. Confluence Investment Management LLC acquired a new position in shares of Clorox in the first quarter valued at $135,630,000. Finally, International Assets Investment Management LLC raised its stake in shares of Clorox by 17,658.5% in the fourth quarter. International Assets Investment Management LLC now owns 484,453 shares of the company’s stock valued at $69,078,000 after purchasing an additional 481,725 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Clorox Stock Up 3.4 %

CLX stock opened at $138.70 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.90 and a debt-to-equity ratio of 9.73. The Clorox Company has a twelve month low of $114.68 and a twelve month high of $169.14. The business has a 50 day moving average price of $133.65 and a two-hundred day moving average price of $142.39. The company has a market cap of $17.23 billion, a price-to-earnings ratio of 69.47, a P/E/G ratio of 1.94 and a beta of 0.39.

Clorox (NYSE:CLX) last released its quarterly earnings results on Thursday, August 1st. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.28. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.97 billion. Clorox had a return on equity of 302.49% and a net margin of 3.33%. Analysts anticipate that The Clorox Company will post 5.91 EPS for the current fiscal year.

Clorox Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Tuesday, August 13th. This is a boost from Clorox’s previous quarterly dividend of $1.20. This represents a $4.88 annualized dividend and a yield of 3.52%. Clorox’s payout ratio is currently 248.71%.

Analyst Ratings Changes

Several research analysts have issued reports on CLX shares. DA Davidson reiterated a “neutral” rating and set a $162.00 price objective on shares of Clorox in a research note on Wednesday, April 17th. BNP Paribas started coverage on Clorox in a report on Monday, June 24th. They set an “underperform” rating and a $130.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on Clorox from $155.00 to $151.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. Citigroup decreased their target price on Clorox from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Finally, TD Cowen started coverage on Clorox in a report on Tuesday, July 23rd. They set a “sell” rating and a $122.00 target price on the stock. Six research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $142.13.

About Clorox

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.