Parvin Asset Management LLC Purchases New Position in The Clorox Company (NYSE:CLX)

Parvin Asset Management LLC acquired a new stake in The Clorox Company (NYSE:CLX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,740 shares of the company’s stock, valued at approximately $283,000.

A number of other large investors have also recently bought and sold shares of CLX. California Public Employees Retirement System lifted its position in Clorox by 1.3% in the 4th quarter. California Public Employees Retirement System now owns 565,810 shares of the company’s stock valued at $91,893,000 after acquiring an additional 6,987 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Clorox in the 4th quarter valued at about $204,000. Apollon Wealth Management LLC raised its holdings in shares of Clorox by 119.6% in the 4th quarter. Apollon Wealth Management LLC now owns 3,364 shares of the company’s stock valued at $546,000 after acquiring an additional 1,832 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of Clorox during the 4th quarter valued at about $1,566,000. Finally, Wellington Management Group LLP raised its holdings in shares of Clorox by 18.8% during the 4th quarter. Wellington Management Group LLP now owns 4,074 shares of the company’s stock valued at $662,000 after buying an additional 646 shares in the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CLX has been the topic of a number of analyst reports. Citigroup decreased their price target on Clorox from $165.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company decreased their price target on Clorox from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. DA Davidson decreased their price target on Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Barclays decreased their price target on Clorox from $139.00 to $134.00 and set an “underweight” rating on the stock in a research note on Friday, April 11th. Finally, StockNews.com lowered Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Clorox presently has a consensus rating of “Hold” and an average price target of $153.83.

Clorox Trading Up 1.8 %

NYSE CLX opened at $141.22 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The firm has a market capitalization of $17.40 billion, a PE ratio of 38.58, a P/E/G ratio of 2.62 and a beta of 0.61. The stock’s 50 day moving average is $145.13 and its 200 day moving average is $155.39.

Clorox (NYSE:CLX) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating 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. 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 declared 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 3.46%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox’s dividend payout ratio is presently 133.33%.

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.