Columbia Asset Management Has $1.23 Million Holdings in The Clorox Company (NYSE:CLX)

Columbia Asset Management trimmed its holdings in shares of The Clorox Company (NYSE:CLX) by 1.3% in the fourth quarter, HoldingsChannel reports. The firm owned 7,595 shares of the company’s stock after selling 100 shares during the period. Columbia Asset Management’s holdings in Clorox were worth $1,234,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CLX. Brooklyn Investment Group raised its holdings in Clorox by 163.8% in the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock valued at $25,000 after acquiring an additional 95 shares during the period. Continuum Advisory LLC grew its position in shares of Clorox by 300.0% in the third 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. Millstone Evans Group LLC bought a new position in shares of Clorox during the fourth quarter worth approximately $31,000. Asset Planning Inc acquired a new stake in Clorox during the 4th quarter worth approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in Clorox in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CLX shares. Barclays dropped their target price on Clorox from $140.00 to $139.00 and set an “underweight” rating for the company in a report on Thursday, March 27th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 price objective on shares of Clorox in a research note on Thursday, January 30th. StockNews.com downgraded shares of Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. Evercore ISI raised their target price on shares of Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. Finally, DA Davidson cut their price target on Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Clorox presently has an average rating of “Hold” and a consensus price target of $159.50.

Clorox Stock Up 0.4 %

NYSE CLX opened at $147.79 on Wednesday. The business has a fifty day moving average price of $150.83 and a two-hundred day moving average price of $158.74. The stock has a market capitalization of $18.21 billion, a PE ratio of 40.38, a PEG ratio of 2.62 and a beta of 0.45. The Clorox Company has a fifty-two week low of $127.60 and a fifty-two week high of $171.37. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.16. Clorox had a return on equity of 316.87% and a net margin of 6.38%. During the same quarter in the prior year, the company posted $2.16 earnings per share. Equities analysts expect that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 23rd will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Wednesday, April 23rd. Clorox’s dividend payout ratio is 133.33%.

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.