Team Hewins LLC Purchases Shares of 1,427 The Clorox Company (NYSE:CLX)

Team Hewins LLC acquired a new position in The Clorox Company (NYSE:CLX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,427 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CLX. Fortitude Family Office LLC bought a new position in shares of Clorox during the 4th quarter worth approximately $29,000. Northwest Financial Advisors acquired a new stake in Clorox in the fourth quarter worth $29,000. First United Bank & Trust bought a new stake in Clorox in the fourth quarter valued at $31,000. Tyler Stone Wealth Management raised its holdings in shares of Clorox by 64.5% during the third quarter. Tyler Stone Wealth Management now owns 255 shares of the company’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Finally, Hartford Financial Management Inc. boosted its position in shares of Clorox by 57.1% during the 4th quarter. Hartford Financial Management Inc. now owns 256 shares of the company’s stock worth $37,000 after purchasing an additional 93 shares in the last quarter. 78.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CLX has been the topic of a number of research reports. Barclays dropped their price target on Clorox from $136.00 to $132.00 and set an “underweight” rating on the stock in a research note on Thursday, May 2nd. DA Davidson reissued a “neutral” rating and issued a $162.00 price target on shares of Clorox in a research report on Wednesday, April 17th. Wells Fargo & Company lowered their price objective on shares of Clorox from $140.00 to $135.00 and set an “underweight” rating on the stock in a report on Thursday, May 2nd. Evercore ISI decreased their target price on shares of Clorox from $145.00 to $142.00 and set an “underperform” rating for the company in a research report on Wednesday, May 1st. Finally, Citigroup dropped their price target on shares of Clorox from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Four analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $146.43.

Clorox Stock Up 0.2 %

Clorox stock opened at $131.53 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.90 and a debt-to-equity ratio of 9.73. The company has a market capitalization of $16.33 billion, a P/E ratio of 68.15, a P/E/G ratio of 2.03 and a beta of 0.44. The firm has a 50 day moving average price of $143.83 and a 200-day moving average price of $144.98. The Clorox Company has a twelve month low of $114.68 and a twelve month high of $169.14.

Clorox (NYSE:CLX) last released its earnings results on Tuesday, April 30th. The company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.38. Clorox had a return on equity of 302.49% and a net margin of 3.33%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period last year, the business posted $1.51 earnings per share. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, equities analysts predict that The Clorox Company will post 5.83 EPS for the current year.

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th were paid a $1.20 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $4.80 annualized dividend and a dividend yield of 3.65%. Clorox’s payout ratio is 248.71%.

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.