The Clorox Company (NYSE:CLX) Shares Sold by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. reduced its stake in shares of The Clorox Company (NYSE:CLX) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,295 shares of the company’s stock after selling 111 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Clorox were worth $2,751,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Choreo LLC grew its position in Clorox by 12.8% during the fourth quarter. Choreo LLC now owns 5,741 shares of the company’s stock worth $819,000 after buying an additional 652 shares during the period. abrdn plc grew its position in shares of Clorox by 20.1% in the fourth quarter. abrdn plc now owns 198,250 shares of the company’s stock valued at $28,268,000 after purchasing an additional 33,135 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Clorox by 17,658.5% in the fourth quarter. International Assets Investment Management LLC now owns 484,453 shares of the company’s stock valued at $69,078,000 after purchasing an additional 481,725 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Clorox in the third quarter valued at approximately $6,605,000. Finally, Eagle Rock Investment Company LLC acquired a new stake in shares of Clorox in the fourth quarter valued at approximately $2,940,000. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CLX shares. Morgan Stanley reiterated an “equal weight” rating and issued a $160.00 price target on shares of Clorox in a research report on Tuesday, March 26th. Jefferies Financial Group raised shares of Clorox from an “underperform” rating to a “hold” rating and set a $145.00 price objective on the stock in a research note on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Clorox from $155.00 to $151.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. JPMorgan Chase & Co. reduced their price objective on shares of Clorox from $159.00 to $158.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, DA Davidson reissued a “neutral” rating and set a $162.00 price objective on shares of Clorox in a research note on Wednesday, April 17th. Four research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Clorox currently has an average rating of “Hold” and a consensus target price of $146.43.

Clorox Trading Down 1.0 %

Shares of CLX stock traded down $1.44 during mid-day trading on Friday, reaching $138.23. The company’s stock had a trading volume of 2,036,238 shares, compared to its average volume of 1,340,454. The company’s 50 day simple moving average is $148.45 and its 200-day simple moving average is $143.43. The Clorox Company has a 12-month low of $114.68 and a 12-month high of $176.24. The company has a quick ratio of 0.57, a current ratio of 0.90 and a debt-to-equity ratio of 9.73. The firm has a market capitalization of $17.17 billion, a PE ratio of 71.62, a price-to-earnings-growth ratio of 2.16 and a beta of 0.44.

Clorox (NYSE:CLX) last issued its earnings results on Tuesday, April 30th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.38. Clorox had a net margin of 3.33% and a return on equity of 302.49%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm posted $1.51 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, research analysts predict that The Clorox Company will post 5.83 EPS for the current fiscal year.

Clorox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Tuesday, April 23rd. Clorox’s payout ratio is 248.71%.

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.