First Horizon Advisors Inc. Sells 459 Shares of The Clorox Company (NYSE:CLX)

First Horizon Advisors Inc. lowered its position in shares of The Clorox Company (NYSE:CLX) by 36.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 794 shares of the company’s stock after selling 459 shares during the quarter. First Horizon Advisors Inc.’s holdings in Clorox were worth $113,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fortitude Family Office LLC acquired a new position in shares of Clorox in the 4th quarter valued at $29,000. Tyler Stone Wealth Management grew its stake in Clorox by 64.5% in the third quarter. Tyler Stone Wealth Management now owns 255 shares of the company’s stock valued at $33,000 after acquiring an additional 100 shares during the period. Hartford Financial Management Inc. increased its holdings in shares of Clorox by 57.1% in the fourth quarter. Hartford Financial Management Inc. now owns 256 shares of the company’s stock worth $37,000 after acquiring an additional 93 shares in the last quarter. Valley National Advisers Inc. raised its position in shares of Clorox by 458.3% during the fourth quarter. Valley National Advisers Inc. now owns 268 shares of the company’s stock worth $38,000 after purchasing an additional 220 shares during the period. Finally, BKM Wealth Management LLC bought a new position in shares of Clorox during the 4th quarter valued at about $41,000. Institutional investors own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CLX shares. JPMorgan Chase & Co. cut their price target on shares of Clorox from $159.00 to $158.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft lowered their target price on Clorox from $155.00 to $151.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Barclays cut their price target on Clorox from $136.00 to $132.00 and set an “underweight” rating on the stock in a report on Thursday, May 2nd. Morgan Stanley reissued an “equal weight” rating and issued a $160.00 target price on shares of Clorox in a research report on Tuesday, March 26th. Finally, Wells Fargo & Company lowered their price objective on shares of Clorox from $140.00 to $135.00 and set an “underweight” rating on the stock in a report on Thursday, May 2nd. Four research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to MarketBeat, Clorox has a consensus rating of “Hold” and a consensus target price of $146.43.

Clorox Trading Up 0.8 %

Shares of NYSE:CLX opened at $139.28 on Tuesday. The stock has a market cap of $17.30 billion, a PE ratio of 72.17, a P/E/G ratio of 2.13 and a beta of 0.44. The company has a quick ratio of 0.53, a current ratio of 0.90 and a debt-to-equity ratio of 9.73. The Clorox Company has a 12-month low of $114.68 and a 12-month high of $170.43. The business has a 50 day moving average of $148.22 and a 200-day moving average of $143.54.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.38. Clorox had a return on equity of 302.49% and a net margin of 3.33%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter last year, the business earned $1.51 EPS. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. As a group, equities research analysts forecast that The Clorox Company will post 5.83 earnings per share for the current year.

Clorox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Tuesday, April 23rd. Clorox’s dividend payout ratio (DPR) is currently 248.71%.

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.