Larson Financial Group LLC Sells 350 Shares of The Clorox Company (NYSE:CLX)

Larson Financial Group LLC reduced its position in shares of The Clorox Company (NYSE:CLX) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,062 shares of the company’s stock after selling 350 shares during the period. Larson Financial Group LLC’s holdings in Clorox were worth $335,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Brooklyn Investment Group increased its holdings in Clorox by 163.8% during the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock worth $25,000 after buying an additional 95 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in Clorox during the third quarter worth about $27,000. Continuum Advisory LLC increased its holdings in Clorox by 300.0% during the third quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $30,000 after buying an additional 138 shares during the last quarter. Asset Planning Inc purchased a new stake in Clorox during the fourth quarter worth about $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Clorox during the fourth quarter worth about $36,000. 78.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CLX. Barclays raised their price objective on shares of Clorox from $130.00 to $140.00 and gave the stock an “underweight” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. raised their price objective on shares of Clorox from $171.00 to $173.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Royal Bank of Canada restated a “sector perform” rating and set a $150.00 price objective on shares of Clorox in a report on Thursday, January 30th. StockNews.com downgraded shares of Clorox from a “buy” rating to a “hold” rating in a research note on Sunday, January 5th. Finally, DA Davidson reduced their target price on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $159.62.

Clorox Price Performance

Shares of NYSE:CLX opened at $147.99 on Tuesday. The company has a 50 day moving average of $155.39 and a 200 day moving average of $160.44. The stock has a market cap of $18.23 billion, a P/E ratio of 40.43, a P/E/G ratio of 2.62 and a beta of 0.45. The Clorox Company has a 12 month low of $127.60 and a 12 month high of $171.37. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.55 EPS for the quarter, beating the consensus estimate 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. As a group, sell-side analysts forecast that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

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

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.