Wealth Enhancement Advisory Services LLC Has $4.61 Million Holdings in The Clorox Company $CLX

Wealth Enhancement Advisory Services LLC cut its holdings in shares of The Clorox Company (NYSE:CLX) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,867 shares of the company’s stock after selling 6,378 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Clorox were worth $4,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Total Investment Management Inc. acquired a new stake in shares of Clorox during the second quarter worth about $25,000. Center for Financial Planning Inc. acquired a new position in shares of Clorox in the 3rd quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC bought a new stake in Clorox during the 3rd quarter worth approximately $25,000. True Wealth Design LLC increased its stake in Clorox by 1,020.0% during the 3rd quarter. True Wealth Design LLC now owns 224 shares of the company’s stock worth $28,000 after purchasing an additional 204 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in Clorox during the 3rd quarter worth approximately $29,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CLX shares. Royal Bank Of Canada set a $132.00 price target on shares of Clorox in a research note on Wednesday, February 4th. TD Cowen raised their price objective on shares of Clorox from $108.00 to $111.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Clorox from $112.00 to $101.00 and set a “hold” rating on the stock in a research report on Monday. Weiss Ratings lowered shares of Clorox from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Finally, Morgan Stanley increased their target price on Clorox from $125.00 to $136.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $118.00.

Clorox Stock Performance

CLX opened at $102.32 on Tuesday. The business’s 50-day simple moving average is $115.49 and its 200 day simple moving average is $111.99. The Clorox Company has a 52-week low of $96.66 and a 52-week high of $150.84. The company has a debt-to-equity ratio of 71.03, a quick ratio of 0.48 and a current ratio of 0.74. The firm has a market capitalization of $12.37 billion, a PE ratio of 16.72, a PEG ratio of 0.50 and a beta of 0.59.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). Clorox had a net margin of 11.17% and a return on equity of 383.01%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Wednesday, April 22nd will be issued a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Wednesday, April 22nd. Clorox’s payout ratio is presently 81.05%.

Clorox Company Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.