AE Wealth Management LLC grew its stake in Clorox Co (NYSE:CLX) by 15.3% in the fourth quarter, Holdings Channel reports. The fund owned 6,438 shares of the company’s stock after acquiring an additional 856 shares during the period. AE Wealth Management LLC’s holdings in Clorox were worth $958,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Phocas Financial Corp. acquired a new stake in shares of Clorox during the 2nd quarter worth approximately $167,000. Private Asset Management Inc. acquired a new position in Clorox during the fourth quarter valued at approximately $208,000. Lourd Capital LLC acquired a new position in Clorox during the fourth quarter valued at approximately $210,000. ZWJ Investment Counsel Inc. acquired a new position in Clorox during the fourth quarter valued at approximately $216,000. Finally, Northstar Investment Advisors LLC acquired a new position in Clorox during the fourth quarter valued at approximately $222,000. 73.68% of the stock is owned by institutional investors.

Clorox Co (NYSE CLX) opened at $128.80 on Friday. The firm has a market cap of $16,670.00, a P/E ratio of 21.22, a PEG ratio of 2.60 and a beta of 0.31. Clorox Co has a 1-year low of $124.09 and a 1-year high of $150.40. The company has a quick ratio of 0.86, a current ratio of 1.22 and a debt-to-equity ratio of 2.35.

Clorox (NYSE:CLX) last released its quarterly earnings results on Friday, February 2nd. The company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.01. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Clorox had a net margin of 13.21% and a return on equity of 126.70%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 earnings per share. sell-side analysts expect that Clorox Co will post 6.23 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Wednesday, January 24th were given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Tuesday, January 23rd. Clorox’s dividend payout ratio is presently 55.35%.

In other news, SVP Michael R. Costello sold 10,574 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $136.01, for a total value of $1,438,169.74. Following the sale, the senior vice president now owns 34,867 shares of the company’s stock, valued at $4,742,260.67. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

A number of research analysts recently issued reports on the stock. Argus cut shares of Clorox from a “buy” rating to a “hold” rating and decreased their price objective for the company from $150.40 to $127.81 in a report on Thursday. Zacks Investment Research upgraded shares of Clorox from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a report on Tuesday. BMO Capital Markets set a $147.00 price objective on shares of Clorox and gave the company a “buy” rating in a report on Monday, February 5th. Bank of America decreased their price objective on shares of Clorox from $155.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, February 5th. Finally, Morgan Stanley reduced their price target on shares of Clorox from $140.00 to $133.00 and set an “equal weight” rating for the company in a report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $131.97.

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Clorox Company Profile

The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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