Vest Financial LLC Sells 5,033 Shares of The Clorox Company (NYSE:CLX)

Vest Financial LLC reduced its position in The Clorox Company (NYSE:CLX) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 357,014 shares of the company’s stock after selling 5,033 shares during the quarter. Clorox comprises about 1.0% of Vest Financial LLC’s holdings, making the stock its 15th biggest holding. Vest Financial LLC owned 0.29% of Clorox worth $57,983,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CLX. Brooklyn Investment Group raised its holdings in shares of Clorox by 163.8% in the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock valued at $25,000 after acquiring an additional 95 shares in the last quarter. Prospera Private Wealth LLC bought a new position in shares of Clorox in the third quarter worth approximately $27,000. Continuum Advisory LLC raised its stake in Clorox by 300.0% in the third quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock valued at $30,000 after purchasing an additional 138 shares in the last quarter. Carolina Wealth Advisors LLC bought a new stake in Clorox during the third quarter valued at approximately $48,000. Finally, Friedenthal Financial purchased a new position in Clorox in the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Clorox Stock Performance

Clorox stock opened at $148.51 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.62 and a debt-to-equity ratio of 11.08. The firm has a market cap of $18.38 billion, a P/E ratio of 51.75, a P/E/G ratio of 2.92 and a beta of 0.42. The Clorox Company has a 1-year low of $127.60 and a 1-year high of $171.37. The firm has a 50-day moving average of $161.44 and a 200-day moving average of $158.59.

Clorox (NYSE:CLX) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.16. Clorox had a return on equity of 316.08% and a net margin of 4.78%. During the same period in the previous year, the company posted $2.16 earnings per share. Sell-side analysts expect that The Clorox Company will post 6.86 EPS for the current year.

Clorox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Wednesday, January 29th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Wednesday, January 29th. Clorox’s payout ratio is currently 170.04%.

Wall Street Analyst Weigh In

CLX has been the subject of a number of research analyst reports. DA Davidson dropped their price objective on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday. StockNews.com downgraded Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Evercore ISI upped their price objective on Clorox from $145.00 to $155.00 in a report on Tuesday. Barclays raised their price objective on Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, TD Cowen upgraded shares of Clorox from a “sell” rating to a “hold” rating and increased their price target for the company from $155.00 to $170.00 in a research 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 issued a buy rating to the company’s stock. According to MarketBeat.com, Clorox has an average rating of “Hold” and an average target price of $158.21.

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.