Sound View Wealth Advisors Group LLC Has $218,000 Stock Holdings in The Clorox Company (NYSE:CLX)

Sound View Wealth Advisors Group LLC increased its position in shares of The Clorox Company (NYSE:CLX) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,345 shares of the company’s stock after purchasing an additional 77 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Clorox were worth $218,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. bought a new position in shares of Clorox in the third quarter valued at approximately $225,000. Principal Financial Group Inc. raised its position in Clorox by 6.9% in the 3rd quarter. Principal Financial Group Inc. now owns 151,257 shares of the company’s stock valued at $24,641,000 after purchasing an additional 9,720 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in Clorox in the third quarter worth $449,000. Lindbrook Capital LLC grew its holdings in shares of Clorox by 9.9% during the third quarter. Lindbrook Capital LLC now owns 977 shares of the company’s stock worth $159,000 after purchasing an additional 88 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in shares of Clorox by 5.6% in the third quarter. Los Angeles Capital Management LLC now owns 191,919 shares of the company’s stock valued at $31,266,000 after buying an additional 10,149 shares in the last quarter. 78.53% of the stock is owned by institutional investors.

Clorox Price Performance

Shares of CLX opened at $147.99 on Tuesday. 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 $18.23 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 2.62 and a beta of 0.45. The stock’s 50-day moving average price is $155.39 and its two-hundred day moving average price is $160.44. The Clorox Company has a 1 year low of $127.60 and a 1 year 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 (EPS) for the quarter, beating 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 company earned $2.16 earnings per share. On average, equities analysts predict that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 23rd will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox’s payout ratio is presently 133.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CLX. 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. JPMorgan Chase & Co. upped their target price on shares of Clorox from $171.00 to $173.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Wells Fargo & Company raised their price target on shares of Clorox from $157.00 to $161.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. DA Davidson reduced their price objective on Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, StockNews.com cut Clorox from a “buy” rating to a “hold” rating in a research note on Sunday, January 5th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $159.62.

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.