The Clorox Company (NYSE:CLX) Shares Sold by Sigma Planning Corp

Sigma Planning Corp reduced its stake in shares of The Clorox Company (NYSE:CLX) by 50.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,474 shares of the company’s stock after selling 10,855 shares during the quarter. Sigma Planning Corp’s holdings in Clorox were worth $1,493,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its holdings in shares of Clorox by 4.8% in the third quarter. CWM LLC now owns 5,690 shares of the company’s stock valued at $746,000 after buying an additional 259 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Clorox by 19.1% in the third quarter. IFP Advisors Inc now owns 1,955 shares of the company’s stock valued at $256,000 after buying an additional 314 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Clorox by 10.9% in the third quarter. HB Wealth Management LLC now owns 4,953 shares of the company’s stock valued at $649,000 after buying an additional 488 shares during the last quarter. RFG Advisory LLC raised its holdings in shares of Clorox by 11.7% in the third quarter. RFG Advisory LLC now owns 2,935 shares of the company’s stock valued at $385,000 after buying an additional 307 shares during the last quarter. Finally, Ziegler Capital Management LLC raised its holdings in shares of Clorox by 522.7% in the third quarter. Ziegler Capital Management LLC now owns 12,081 shares of the company’s stock valued at $1,583,000 after buying an additional 10,141 shares during the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group upped their target price on shares of Clorox from $145.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, February 2nd. Jefferies Financial Group upgraded shares of Clorox from an “underperform” rating to a “hold” rating and set a $145.00 price target on the stock in a research note on Tuesday, March 26th. JPMorgan Chase & Co. boosted their price target on shares of Clorox from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. DA Davidson reiterated a “neutral” rating and set a $162.00 price target on shares of Clorox in a research note on Wednesday, April 17th. Finally, Barclays dropped their price target on shares of Clorox from $148.00 to $136.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 10th. Four investment analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $148.63.

Clorox Stock Up 1.1 %

CLX stock opened at $145.19 on Tuesday. The company’s 50 day simple moving average is $149.82 and its 200-day simple moving average is $142.09. The firm has a market capitalization of $18.02 billion, a PE ratio of 230.46, a P/E/G ratio of 2.27 and a beta of 0.43. The Clorox Company has a 12 month low of $114.68 and a 12 month high of $178.21. The company has a debt-to-equity ratio of 11.37, a current ratio of 0.89 and a quick ratio of 0.57.

Clorox (NYSE:CLX) last released 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 business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.80 billion. Clorox had a net margin of 1.09% and a return on equity of 319.41%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 earnings per share. Equities analysts expect that The Clorox Company will post 5.52 earnings per share for the current fiscal year.

Clorox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be given a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.80 annualized dividend and a dividend yield of 3.31%. Clorox’s dividend payout ratio is presently 761.92%.

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.