The Clorox Company (NYSE:CLX) Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC boosted its stake in The Clorox Company (NYSE:CLX) by 46.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 13,756 shares of the company’s stock after buying an additional 4,341 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Clorox were worth $2,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Brooklyn Investment Group lifted its holdings in shares of Clorox by 163.8% in the 4th 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 last quarter. Redwood Park Advisors LLC purchased a new stake in Clorox in the fourth quarter valued at approximately $26,000. Millstone Evans Group LLC purchased a new stake in Clorox in the fourth quarter valued at approximately $31,000. Asset Planning Inc acquired a new stake in shares of Clorox in the fourth quarter valued at approximately $32,000. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of Clorox during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analysts Set New Price Targets

CLX has been the subject of a number of recent research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 price target on shares of Clorox in a research note on Thursday, January 30th. StockNews.com lowered Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. Wells Fargo & Company reduced their price objective on Clorox from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. UBS Group lowered their target price on Clorox from $176.00 to $154.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. cut their price target on Clorox from $173.00 to $151.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $153.83.

Clorox Price Performance

Shares of NYSE:CLX opened at $138.28 on Monday. The Clorox Company has a 12 month low of $127.60 and a 12 month high of $171.37. The firm has a market capitalization of $17.03 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 2.62 and a beta of 0.61. The business’s 50 day simple moving average is $145.61 and its 200-day simple moving average is $155.63. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60.

Clorox (NYSE:CLX) last posted its 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 period last year, the business earned $2.16 EPS. As a group, equities analysts forecast that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm 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. This represents a $4.88 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox’s payout ratio is currently 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.