The Clorox Company (NYSE:CLX) Shares Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC increased its stake in shares of The Clorox Company (NYSE:CLX) by 45.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,463 shares of the company’s stock after buying an additional 459 shares during the quarter. Global Retirement Partners LLC’s holdings in Clorox were worth $238,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CLX. HCR Wealth Advisors grew its stake in shares of Clorox by 1.0% in the 4th quarter. HCR Wealth Advisors now owns 6,870 shares of the company’s stock valued at $1,116,000 after purchasing an additional 68 shares during the last quarter. Empower Advisory Group LLC grew its position in Clorox by 4.5% in the 3rd quarter. Empower Advisory Group LLC now owns 1,823 shares of the company’s stock valued at $297,000 after buying an additional 78 shares during the last quarter. Aviance Capital Partners LLC grew its position in Clorox by 2.7% in the 3rd quarter. Aviance Capital Partners LLC now owns 3,080 shares of the company’s stock valued at $502,000 after buying an additional 80 shares during the last quarter. Lindbrook Capital LLC increased its stake in Clorox by 9.9% in the 3rd quarter. Lindbrook Capital LLC now owns 977 shares of the company’s stock valued at $159,000 after buying an additional 88 shares during the period. Finally, Empirical Finance LLC raised its position in Clorox by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 4,274 shares of the company’s stock worth $696,000 after buying an additional 93 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Clorox Price Performance

Shares of NYSE CLX opened at $157.00 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52. The stock has a market cap of $19.34 billion, a price-to-earnings ratio of 42.90, a PEG ratio of 2.62 and a beta of 0.42. The company’s 50-day moving average price is $157.40 and its 200 day moving average price is $160.13. The Clorox Company has a 52 week low of $127.60 and a 52 week high of $171.37.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.16. Clorox had a net margin of 6.38% and a return on equity of 316.87%. During the same quarter in the previous year, the business posted $2.16 earnings per share. As a group, research analysts forecast that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be given a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.11%. Clorox’s dividend payout ratio is currently 133.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CLX shares. Wells Fargo & Company boosted their price target on shares of Clorox from $157.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. StockNews.com cut Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. JPMorgan Chase & Co. raised their price target on Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Evercore ISI upped their price objective on Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. Finally, TD Cowen raised Clorox from a “sell” rating to a “hold” rating and raised their target price for the company from $155.00 to $170.00 in a report on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $158.21.

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.