LWM Advisory Services LLC Invests $214,000 in The Clorox Company (NYSE:CLX)

LWM Advisory Services LLC purchased a new stake in shares of The Clorox Company (NYSE:CLX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,500 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Qube Research & Technologies Ltd increased its stake in shares of Clorox by 75.9% in the third quarter. Qube Research & Technologies Ltd now owns 1,130,481 shares of the company’s stock worth $148,161,000 after purchasing an additional 487,974 shares in the last quarter. International Assets Investment Management LLC increased its stake in Clorox by 17,658.5% in the 4th quarter. International Assets Investment Management LLC now owns 484,453 shares of the company’s stock worth $69,078,000 after buying an additional 481,725 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Clorox by 39.6% during the third quarter. Acadian Asset Management LLC now owns 1,467,713 shares of the company’s stock valued at $192,319,000 after acquiring an additional 415,999 shares during the period. FMR LLC lifted its position in shares of Clorox by 17.4% in the third quarter. FMR LLC now owns 2,415,054 shares of the company’s stock valued at $316,517,000 after acquiring an additional 357,964 shares in the last quarter. Finally, Nuance Investments LLC boosted its stake in shares of Clorox by 25.7% in the third quarter. Nuance Investments LLC now owns 1,325,789 shares of the company’s stock worth $173,758,000 after acquiring an additional 271,133 shares during the period. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Clorox from $155.00 to $151.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. The Goldman Sachs Group started coverage on shares of Clorox in a research report on Friday, March 1st. They set a “sell” rating and a $140.00 target price for the company. DA Davidson reiterated a “neutral” rating and issued a $162.00 price target on shares of Clorox in a report on Wednesday, April 17th. UBS Group increased their price objective on shares of Clorox from $145.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Finally, Citigroup reduced their target price on Clorox from $165.00 to $155.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. Four analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $148.63.

Clorox Trading Up 1.7 %

NYSE CLX traded up $2.44 on Monday, hitting $148.92. 1,659,853 shares of the stock were exchanged, compared to its average volume of 1,210,226. The Clorox Company has a 52-week low of $114.68 and a 52-week high of $178.21. The firm has a market capitalization of $18.48 billion, a P/E ratio of 233.61, a P/E/G ratio of 2.32 and a beta of 0.43. 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 fifty day moving average price of $149.39 and a two-hundred day moving average price of $142.74.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Thursday, February 1st. The company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.08 by $1.08. The company 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 firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. Research analysts forecast that The Clorox Company will post 5.52 EPS for the current fiscal year.

Clorox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders 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 dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, April 23rd. Clorox’s dividend payout ratio is presently 761.92%.

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.