Sowell Financial Services LLC Decreases Stake in The Clorox Company (NYSE:CLX)


Share on StockTwits

Sowell Financial Services LLC lowered its holdings in The Clorox Company (NYSE:CLX) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,444 shares of the company’s stock after selling 844 shares during the quarter. Sowell Financial Services LLC’s holdings in The Clorox were worth $5,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Bartlett & Co. LLC raised its stake in shares of The Clorox by 167.1% in the third quarter. Bartlett & Co. LLC now owns 1,202 shares of the company’s stock worth $253,000 after purchasing an additional 752 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of The Clorox by 2.0% in the fourth quarter. Private Trust Co. NA now owns 4,584 shares of the company’s stock worth $925,000 after buying an additional 90 shares during the period. Mission Wealth Management LP raised its holdings in shares of The Clorox by 3.2% in the third quarter. Mission Wealth Management LP now owns 3,860 shares of the company’s stock worth $811,000 after buying an additional 118 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of The Clorox by 179.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 67,234 shares of the company’s stock worth $13,981,000 after buying an additional 43,152 shares during the period. Finally, Park National Corp OH raised its holdings in shares of The Clorox by 18.1% in the third quarter. Park National Corp OH now owns 5,222 shares of the company’s stock worth $1,098,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Several equities research analysts have recently weighed in on CLX shares. Wells Fargo & Company began coverage on The Clorox in a report on Monday, December 7th. They issued an “overweight” rating and a $250.00 price target on the stock. DA Davidson raised their price objective on The Clorox from $263.00 to $268.00 and gave the stock a “buy” rating in a report on Tuesday, November 3rd. ValuEngine downgraded The Clorox from a “hold” rating to a “sell” rating in a report on Tuesday, November 10th. JPMorgan Chase & Co. downgraded The Clorox from an “overweight” rating to a “neutral” rating and set a $235.00 price objective on the stock. in a report on Friday, October 16th. They noted that the move was a valuation call. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on The Clorox from $223.00 to $227.00 and gave the stock a “hold” rating in a report on Tuesday, November 3rd. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The Clorox has an average rating of “Hold” and a consensus price target of $220.53.

In other The Clorox news, SVP William S. Bailey sold 15,114 shares of The Clorox stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $212.47, for a total transaction of $3,211,271.58. Following the completion of the transaction, the senior vice president now owns 13,447 shares in the company, valued at approximately $2,857,084.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Benno O. Dorer sold 417,022 shares of The Clorox stock in a transaction dated Monday, November 30th. The shares were sold at an average price of $200.92, for a total value of $83,788,060.24. Following the transaction, the insider now owns 293,341 shares of the company’s stock, valued at approximately $58,938,073.72. The disclosure for this sale can be found here. Insiders have sold a total of 473,319 shares of company stock valued at $95,666,491 in the last quarter. Company insiders own 1.09% of the company’s stock.

The Clorox stock opened at $193.74 on Thursday. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.41 and a quick ratio of 1.06. The stock has a market capitalization of $24.42 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 4.19 and a beta of 0.21. The Clorox Company has a 1-year low of $154.87 and a 1-year high of $239.87. The business has a fifty day moving average price of $201.08 and a 200-day moving average price of $213.72.

The Clorox (NYSE:CLX) last issued its earnings results on Saturday, November 7th. The company reported $3.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.90. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.74 billion. The Clorox had a return on equity of 132.72% and a net margin of 16.14%. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the business posted $1.59 EPS. On average, equities research analysts anticipate that The Clorox Company will post 8.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 12th. Shareholders of record on Wednesday, January 27th will be paid a dividend of $1.11 per share. The ex-dividend date is Tuesday, January 26th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.29%. The Clorox’s payout ratio is currently 60.33%.

About The 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 company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Scentiva, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; professional cleaning, disinfecting, and food service products under the CloroxPro, Clorox Healthcare, and Clorox Total 360 brands; professional food service products under the Hidden Valley brand; and vitamins, minerals, and supplement products under the RenewLife, Rainbow Light, Natural Vitality, NeoCell, and Stop Aging Now brands.

Featured Story: How Investors Can Profit from Options Trading

Want to see what other hedge funds are holding CLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Clorox Company (NYSE:CLX).

Institutional Ownership by Quarter for The Clorox (NYSE:CLX)

Receive News & Ratings for The Clorox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Clorox and related companies with MarketBeat.com's FREE daily email newsletter.