Aspiriant LLC Takes Position in The Clorox Company (NYSE:CLX)

Aspiriant LLC acquired a new stake in shares of The Clorox Company (NYSE:CLX) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,826 shares of the company’s stock, valued at approximately $261,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tyler Stone Wealth Management purchased a new position in Clorox in the 2nd quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new position in Clorox in the 1st quarter worth $31,000. Fortitude Family Office LLC purchased a new position in Clorox in the 4th quarter worth $29,000. First Capital Advisors Group LLC. purchased a new position in shares of Clorox during the 2nd quarter valued at about $35,000. Finally, American National Bank raised its stake in shares of Clorox by 2,466.7% during the 3rd quarter. American National Bank now owns 231 shares of the company’s stock valued at $30,000 after buying an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Clorox Trading Up 0.3 %

Shares of Clorox stock opened at $144.80 on Friday. The stock has a market cap of $17.97 billion, a P/E ratio of 229.84, a P/E/G ratio of 2.25 and a beta of 0.43. The company has a debt-to-equity ratio of 11.37, a current ratio of 0.89 and a quick ratio of 0.57. The stock’s 50 day simple moving average is $151.48 and its 200-day simple moving average is $141.29. The Clorox Company has a 1-year low of $114.68 and a 1-year high of $178.21.

Clorox (NYSE:CLX) last announced its earnings results on Thursday, February 1st. The company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $1.08. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.80 billion. Clorox had a return on equity of 319.41% and a net margin of 1.09%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 earnings per share. Analysts predict that The Clorox Company will post 5.52 EPS for the current fiscal year.

Clorox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be paid a dividend of $1.20 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.31%. Clorox’s payout ratio is currently 761.92%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CLX. UBS Group lifted their price objective on Clorox from $145.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Bank of America upgraded Clorox from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $120.00 to $150.00 in a research note on Friday, December 15th. DA Davidson restated a “neutral” rating and set a $162.00 target price on shares of Clorox in a research report on Monday, February 5th. JPMorgan Chase & Co. raised their target price on Clorox from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Finally, Barclays dropped their target price on Clorox from $148.00 to $136.00 and set an “underweight” rating on the stock in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $149.13.

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.