The Clorox Company (NYSE:CLX) Shares Sold by Okabena Investment Services Inc.

Okabena Investment Services Inc. cut its holdings in The Clorox Company (NYSE:CLX) by 42.9% in the 4th quarter, HoldingsChannel reports. The fund owned 4,050 shares of the company’s stock after selling 3,041 shares during the period. Okabena Investment Services Inc.’s holdings in Clorox were worth $658,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CLX. Public Employees Retirement System of Ohio grew its holdings in Clorox by 26.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 59,766 shares of the company’s stock valued at $9,736,000 after buying an additional 12,428 shares during the period. Fifth Third Wealth Advisors LLC purchased a new position in shares of Clorox in the 4th quarter worth $204,000. Apollon Wealth Management LLC boosted its holdings in Clorox by 119.6% in the fourth quarter. Apollon Wealth Management LLC now owns 3,364 shares of the company’s stock valued at $546,000 after acquiring an additional 1,832 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in Clorox during the fourth quarter valued at about $1,566,000. Finally, Geode Capital Management LLC increased its stake in Clorox by 1.1% during the third quarter. Geode Capital Management LLC now owns 3,028,333 shares of the company’s stock worth $491,713,000 after acquiring an additional 33,970 shares during the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

CLX has been the subject of a number of research reports. Barclays decreased their target price on Clorox from $140.00 to $139.00 and set an “underweight” rating for the company in a report on Thursday. Wells Fargo & Company increased their price objective on shares of Clorox from $157.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 4th. DA Davidson reduced their target price on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. StockNews.com downgraded Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. Finally, Evercore ISI upped their target price on Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $159.50.

Clorox Stock Performance

Shares of CLX stock opened at $146.18 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The business has a 50 day moving average of $151.34 and a two-hundred day moving average of $159.09. The company has a market cap of $18.01 billion, a P/E ratio of 39.94, a PEG ratio of 2.62 and a beta of 0.45. The Clorox Company has a 52 week low of $127.60 and a 52 week high of $171.37.

Clorox (NYSE:CLX) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates 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 prior year, the business posted $2.16 EPS. As a group, analysts anticipate that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Wednesday, April 23rd. Clorox’s dividend payout ratio (DPR) is presently 133.33%.

Clorox Company 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.