Honkamp Krueger Financial Services Inc. lowered its stake in Clorox Co (NYSE:CLX) by 37.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,811 shares of the company’s stock after selling 1,655 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Clorox were worth $418,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Nicholas Hoffman & Company LLC. purchased a new stake in Clorox in the 4th quarter worth $201,000. Private Asset Management Inc. purchased a new stake in shares of Clorox during the 4th quarter valued at about $208,000. Lourd Capital LLC purchased a new stake in shares of Clorox during the 4th quarter valued at about $210,000. ZWJ Investment Counsel Inc. purchased a new stake in shares of Clorox during the 4th quarter valued at about $216,000. Finally, Northstar Investment Advisors LLC purchased a new stake in shares of Clorox during the 4th quarter valued at about $222,000. Institutional investors and hedge funds own 75.77% of the company’s stock.
Shares of Clorox Co (NYSE:CLX) traded down $2.62 during trading hours on Wednesday, reaching $128.57. 720,370 shares of the company traded hands, compared to its average volume of 1,300,000. The company has a market cap of $16,640.00, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 2.44 and a beta of 0.39. Clorox Co has a one year low of $124.09 and a one year high of $150.40. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.22 and a quick ratio of 0.86.
Clorox (NYSE:CLX) last issued its quarterly earnings results on Friday, February 2nd. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.22 by $0.01. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. Clorox had a net margin of 13.21% and a return on equity of 126.70%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. analysts predict that Clorox Co will post 6.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Wednesday, April 25th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 2.99%. This is an increase from Clorox’s previous quarterly dividend of $0.84. The ex-dividend date is Tuesday, April 24th. Clorox’s dividend payout ratio is presently 61.65%.
Several brokerages have recently issued reports on CLX. Deutsche Bank began coverage on shares of Clorox in a research report on Wednesday, December 13th. They set a “hold” rating and a $142.00 target price on the stock. BMO Capital Markets set a $147.00 target price on shares of Clorox and gave the company a “buy” rating in a research report on Monday, February 5th. Jefferies Group restated a “hold” rating and set a $130.00 target price on shares of Clorox in a research report on Wednesday, December 13th. Bank of America upgraded shares of Clorox from an “underperform” rating to a “neutral” rating and set a $155.00 target price on the stock in a research report on Thursday, January 4th. Finally, Zacks Investment Research cut shares of Clorox from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Clorox presently has a consensus rating of “Hold” and a consensus target price of $132.61.
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Clorox Company Profile
The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.
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