Moser Wealth Advisors LLC Sells 105 Shares of The Clorox Company (NYSE:CLX)

Moser Wealth Advisors LLC lessened its holdings in The Clorox Company (NYSE:CLX) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,095 shares of the company’s stock after selling 105 shares during the period. Moser Wealth Advisors LLC’s holdings in Clorox were worth $726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Fortitude Family Office LLC acquired a new stake in shares of Clorox during the 4th quarter worth about $29,000. Tyler Stone Wealth Management lifted its position in Clorox by 64.5% during the third quarter. Tyler Stone Wealth Management now owns 255 shares of the company’s stock worth $33,000 after acquiring an additional 100 shares during the last quarter. Hartford Financial Management Inc. boosted its holdings in shares of Clorox by 57.1% during 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 during the period. Valley National Advisers Inc. increased its stake 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, MeadowBrook Investment Advisors LLC acquired a new stake in Clorox during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

CLX has been the topic of a number of research reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $160.00 price objective on shares of Clorox in a report on Tuesday, March 26th. Evercore ISI decreased their price target on shares of Clorox from $145.00 to $142.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 1st. Citigroup dropped their price objective on shares of Clorox from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. DA Davidson reaffirmed a “neutral” rating and set a $162.00 target price on shares of Clorox in a report on Wednesday, April 17th. Finally, Barclays cut their price target on Clorox from $136.00 to $132.00 and set an “underweight” rating for the company in a research note on Thursday, May 2nd. Four analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $146.43.

Clorox Price Performance

Clorox stock traded up $1.20 during midday trading on Thursday, reaching $141.62. The company’s stock had a trading volume of 65,625 shares, compared to its average volume of 1,257,164. The business has a 50-day moving average price of $148.00 and a 200-day moving average price of $143.67. The Clorox Company has a 52 week low of $114.68 and a 52 week high of $170.43. The company has a current ratio of 0.90, a quick ratio of 0.53 and a debt-to-equity ratio of 9.73. The stock has a market cap of $17.59 billion, a PE ratio of 72.77, a price-to-earnings-growth ratio of 2.13 and a beta of 0.44.

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

Clorox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.80 dividend on an annualized basis and a yield of 3.39%. Clorox’s payout ratio is presently 248.70%.

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.