The Clorox Company (NYSE:CLX) Shares Bought by Modera Wealth Management LLC

Modera Wealth Management LLC raised its holdings in The Clorox Company (NYSE:CLX) by 7.0% in the fourth quarter, Holdings Channel reports. The fund owned 4,953 shares of the company’s stock after buying an additional 322 shares during the period. Modera Wealth Management LLC’s holdings in Clorox were worth $804,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. 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 last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Clorox in the 3rd quarter valued at approximately $27,000. Continuum Advisory LLC grew its stake in shares of Clorox by 300.0% in the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock valued at $30,000 after buying an additional 138 shares during the period. Asset Planning Inc purchased a new stake in shares of Clorox in the 4th quarter valued at approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Clorox in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Clorox Price Performance

Shares of CLX opened at $150.77 on Wednesday. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The firm’s fifty day simple moving average is $156.48 and its 200-day simple moving average is $160.48. The firm has a market capitalization of $18.57 billion, a price-to-earnings ratio of 41.19, a PEG ratio of 2.62 and a beta of 0.42. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating 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 period last year, the business posted $2.16 EPS. Equities analysts forecast that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be issued a $1.22 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.24%. Clorox’s payout ratio is 133.33%.

Analyst Upgrades and Downgrades

CLX has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price objective on shares of Clorox in a research report on Thursday, January 30th. DA Davidson lowered their price objective on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Evercore ISI increased their price objective on shares of Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. TD Cowen raised shares of Clorox from a “sell” rating to a “hold” rating and increased their price objective for the stock from $155.00 to $170.00 in a research report on Wednesday, November 6th. Finally, StockNews.com cut shares of Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $159.62.

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.