NewEdge Advisors LLC Has $2.18 Million Stock Holdings in The Clorox Company (NYSE:CLX)

NewEdge Advisors LLC increased its position in The Clorox Company (NYSE:CLX) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,447 shares of the company’s stock after purchasing an additional 131 shares during the quarter. NewEdge Advisors LLC’s holdings in Clorox were worth $2,184,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Integral Investment Advisors Inc. lifted its holdings in Clorox by 4.1% in the fourth quarter. Integral Investment Advisors Inc. now owns 1,718 shares of the company’s stock valued at $279,000 after buying an additional 67 shares during the period. HCR Wealth Advisors boosted its holdings in Clorox by 1.0% during the fourth quarter. HCR Wealth Advisors now owns 6,870 shares of the company’s stock worth $1,116,000 after buying an additional 68 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its position in shares of Clorox by 6.1% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,345 shares of the company’s stock valued at $218,000 after acquiring an additional 77 shares during the period. Wedbush Securities Inc. boosted its stake in Clorox by 1.2% during the 4th quarter. Wedbush Securities Inc. now owns 7,624 shares of the company’s stock worth $1,238,000 after acquiring an additional 94 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in Clorox by 163.8% during the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock valued at $25,000 after purchasing an additional 95 shares during the period. 78.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Clorox from $173.00 to $151.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. DA Davidson reduced their target price on Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 target price on shares of Clorox in a research note on Thursday, January 30th. Evercore ISI raised their price target on Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. Finally, Barclays decreased their price objective on Clorox from $139.00 to $134.00 and set an “underweight” rating for the company in a research report on Friday, April 11th. Three investment 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, the company presently has a consensus rating of “Hold” and a consensus target price of $153.83.

Clorox Price Performance

Shares of CLX opened at $138.59 on Tuesday. The company has a 50 day moving average of $146.36 and a 200-day moving average of $156.20. 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 stock has a market capitalization of $17.07 billion, a P/E ratio of 37.87, a P/E/G ratio of 2.62 and a beta of 0.61. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Monday, February 3rd. The company reported $1.55 earnings per share (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 period last year, the company posted $2.16 EPS. As a group, equities research analysts forecast that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors 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 3.52%. Clorox’s dividend payout ratio (DPR) is presently 133.33%.

Clorox 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.