21,107 Shares in The Clorox Company (NYSE:CLX) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new stake in shares of The Clorox Company (NYSE:CLX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,107 shares of the company’s stock, valued at approximately $3,428,000.

Other institutional investors have also recently bought and sold shares of the company. Leo Wealth LLC raised its holdings in shares of Clorox by 33.0% in the fourth quarter. Leo Wealth LLC now owns 3,514 shares of the company’s stock valued at $571,000 after buying an additional 871 shares during the last quarter. Consolidated Portfolio Review Corp bought a new position in shares of Clorox in the fourth quarter worth about $318,000. Vision Capital Management Inc. acquired a new position in shares of Clorox during the fourth quarter worth approximately $201,000. Money Concepts Capital Corp grew its stake in shares of Clorox by 3.3% during the fourth quarter. Money Concepts Capital Corp now owns 22,056 shares of the company’s stock valued at $3,582,000 after purchasing an additional 697 shares during the last quarter. Finally, Lion Street Advisors LLC increased its holdings in shares of Clorox by 10.0% in the fourth quarter. Lion Street Advisors LLC now owns 5,294 shares of the company’s stock valued at $860,000 after purchasing an additional 480 shares in the last quarter. Institutional investors own 78.53% of the company’s stock.

Clorox Trading Up 0.6 %

Shares of NYSE CLX opened at $148.51 on Monday. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The stock has a market cap of $18.38 billion, a price-to-earnings ratio of 40.58, a P/E/G ratio of 2.52 and a beta of 0.42. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The company’s fifty day moving average is $161.06 and its 200-day moving average is $158.88.

Clorox (NYSE:CLX) last posted its earnings results 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 316.87% and a net margin of 6.38%. During the same quarter last year, the firm earned $2.16 EPS. Equities research analysts predict that The Clorox Company will post 7.15 EPS for the current year.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 29th will be paid a dividend of $1.22 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $4.88 dividend on an annualized basis and a yield of 3.29%. Clorox’s payout ratio is 133.33%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CLX shares. StockNews.com downgraded Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. Barclays upped their price target on Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a research note on Wednesday, February 5th. TD Cowen upgraded Clorox from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $155.00 to $170.00 in a research report on Wednesday, November 6th. Evercore ISI upped their target price on shares of Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 price target on shares of Clorox in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.