Wealth Enhancement Advisory Services LLC Increases Stock Holdings in The Clorox Company (NYSE:CLX)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of The Clorox Company (NYSE:CLX) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,309 shares of the company’s stock after buying an additional 532 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Clorox were worth $7,544,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Prospera Private Wealth LLC purchased a new stake in Clorox in the third quarter valued at $27,000. Continuum Advisory LLC lifted its holdings in shares of Clorox by 300.0% in the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock valued at $30,000 after purchasing an additional 138 shares during the last quarter. Quarry LP boosted its position in shares of Clorox by 99.1% in the 2nd quarter. Quarry LP now owns 229 shares of the company’s stock valued at $31,000 after purchasing an additional 114 shares during the period. Carolina Wealth Advisors LLC purchased a new position in Clorox during the 3rd quarter worth approximately $48,000. Finally, Friedenthal Financial acquired a new position in Clorox during the third quarter worth approximately $49,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of Clorox from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $155.00 to $157.00 in a research report on Tuesday, January 7th. DA Davidson lifted their price objective on shares of Clorox from $153.00 to $171.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Jefferies Financial Group upgraded shares of Clorox from a “hold” rating to a “buy” rating and increased their target price for the stock from $174.00 to $187.00 in a research note on Tuesday, October 1st. StockNews.com cut Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Finally, JPMorgan Chase & Co. increased their price objective on Clorox from $148.00 to $174.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Clorox currently has an average rating of “Hold” and a consensus price target of $157.46.

Clorox Stock Performance

NYSE:CLX opened at $157.32 on Tuesday. The firm’s fifty day simple moving average is $164.55 and its 200-day simple moving average is $156.00. The company has a quick ratio of 0.62, a current ratio of 1.00 and a debt-to-equity ratio of 11.08. The stock has a market cap of $19.47 billion, a PE ratio of 54.82, a price-to-earnings-growth ratio of 3.04 and a beta of 0.42. The Clorox Company has a fifty-two week low of $127.60 and a fifty-two week high of $171.37.

Clorox (NYSE:CLX) last issued its earnings results on Wednesday, October 30th. The company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.50. Clorox had a net margin of 4.78% and a return on equity of 316.08%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The firm’s revenue for the quarter was up 27.0% compared to the same quarter last year. Analysts expect that The Clorox Company will post 6.85 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. Shareholders of record on Wednesday, January 29th will be given a dividend of $1.22 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $4.88 dividend on an annualized basis and a yield of 3.10%. Clorox’s payout ratio is 170.03%.

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.