Wealth Enhancement Advisory Services LLC Sells 6,378 Shares of The Clorox Company $CLX

Wealth Enhancement Advisory Services LLC reduced its position in The Clorox Company (NYSE:CLX) by 12.2% in the 4th quarter, HoldingsChannel reports. The firm owned 45,867 shares of the company’s stock after selling 6,378 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Clorox were worth $4,612,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Center for Financial Planning Inc. bought a new stake in Clorox in the third quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Clorox during the 3rd quarter worth approximately $25,000. Total Investment Management Inc. acquired a new position in shares of Clorox during the 2nd quarter worth approximately $25,000. True Wealth Design LLC increased its holdings in shares of Clorox by 1,020.0% during the 3rd quarter. True Wealth Design LLC now owns 224 shares of the company’s stock worth $28,000 after acquiring an additional 204 shares during the last quarter. Finally, Root Financial Partners LLC bought a new stake in Clorox in the 3rd quarter valued at $29,000. Institutional investors own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CLX. Morgan Stanley raised their price target on Clorox from $125.00 to $136.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Evercore decreased their price objective on shares of Clorox from $132.00 to $115.00 and set an “underperform” rating on the stock in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Clorox from $112.00 to $101.00 and set a “hold” rating on the stock in a research report on Monday. Wall Street Zen raised shares of Clorox from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, The Goldman Sachs Group decreased their price target on shares of Clorox from $110.00 to $94.00 and set a “sell” rating on the stock in a research note on Wednesday, January 7th. One analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Clorox presently has an average rating of “Reduce” and an average target price of $118.00.

Clorox Stock Performance

CLX opened at $102.32 on Tuesday. The company has a debt-to-equity ratio of 71.03, a current ratio of 0.74 and a quick ratio of 0.48. The business has a fifty day simple moving average of $115.49 and a 200 day simple moving average of $111.99. The Clorox Company has a 1 year low of $96.66 and a 1 year high of $150.84. The company has a market capitalization of $12.37 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 0.50 and a beta of 0.59.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.04). Clorox had a return on equity of 383.01% and a net margin of 11.17%.The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. Research analysts expect that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Wednesday, April 22nd will be given a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, April 22nd. Clorox’s dividend payout ratio (DPR) is currently 81.05%.

About Clorox

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.