Leavell Investment Management Inc. Reduces Stock Position in The Clorox Company (NYSE:CLX)

Leavell Investment Management Inc. trimmed its stake in shares of The Clorox Company (NYSE:CLX) by 5.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,351 shares of the company’s stock after selling 500 shares during the period. Leavell Investment Management Inc.’s holdings in Clorox were worth $1,519,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Insight Folios Inc grew its position in Clorox by 3.0% in the 3rd quarter. Insight Folios Inc now owns 2,195 shares of the company’s stock worth $358,000 after purchasing an additional 63 shares during the period. HCR Wealth Advisors grew its holdings in shares of Clorox by 1.0% in the fourth quarter. HCR Wealth Advisors now owns 6,870 shares of the company’s stock worth $1,116,000 after acquiring an additional 68 shares during the period. Empower Advisory Group LLC grew its holdings in shares of Clorox by 4.5% in the third quarter. Empower Advisory Group LLC now owns 1,823 shares of the company’s stock worth $297,000 after acquiring an additional 78 shares during the period. Aviance Capital Partners LLC lifted its holdings in Clorox by 2.7% in the third quarter. Aviance Capital Partners LLC now owns 3,080 shares of the company’s stock valued at $502,000 after acquiring an additional 80 shares during the period. Finally, Lindbrook Capital LLC lifted its holdings in Clorox by 9.9% in the third quarter. Lindbrook Capital LLC now owns 977 shares of the company’s stock valued at $159,000 after acquiring an additional 88 shares during the period. Institutional investors own 78.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CLX shares. Evercore ISI upped their price target on shares of Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. StockNews.com cut shares of Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. DA Davidson decreased their target price on Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. TD Cowen upgraded Clorox from a “sell” rating to a “hold” rating and lifted their target price for the company from $155.00 to $170.00 in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 price target on shares of Clorox in a research report on Thursday, January 30th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Clorox has a consensus rating of “Hold” and a consensus price target of $158.21.

Clorox Trading Up 0.2 %

Shares of CLX opened at $148.66 on Thursday. The firm has a market cap of $18.40 billion, a P/E ratio of 40.62, a price-to-earnings-growth ratio of 2.52 and a beta of 0.42. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.62. The Clorox Company has a 1 year low of $127.60 and a 1 year high of $171.37. The company has a 50 day simple moving average of $160.30 and a two-hundred day simple moving average of $159.26.

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 net margin of 6.38% and a return on equity of 316.87%. During the same quarter in the previous year, the business earned $2.16 earnings per share. On average, equities analysts expect that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 29th will be issued a $1.22 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $4.88 annualized dividend and a dividend yield of 3.28%. Clorox’s dividend payout ratio (DPR) is 133.33%.

Clorox 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.