600 Shares in The Clorox Company (NYSE:CLX) Acquired by Flagship Wealth Advisors LLC

Flagship Wealth Advisors LLC bought a new position in shares of The Clorox Company (NYSE:CLX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 600 shares of the company’s stock, valued at approximately $97,000.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group increased its holdings in shares of Clorox by 163.8% in the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock valued at $25,000 after buying an additional 95 shares in the last quarter. Prospera Private Wealth LLC bought a new position in shares of Clorox in the third quarter valued at $27,000. Continuum Advisory LLC increased its holdings in shares of Clorox by 300.0% in the third quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock valued at $30,000 after buying an additional 138 shares in the last quarter. Asset Planning Inc bought a new position in shares of Clorox in the fourth quarter valued at $32,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of Clorox in the fourth quarter valued at $36,000. Institutional investors own 78.53% of the company’s stock.

Clorox Price Performance

Shares of NYSE:CLX opened at $148.54 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52. The Clorox Company has a 1 year low of $127.60 and a 1 year high of $171.37. The business has a fifty day simple moving average of $154.01 and a 200 day simple moving average of $160.17. The firm has a market cap of $18.30 billion, a price-to-earnings ratio of 40.58, a P/E/G ratio of 2.62 and a beta of 0.45.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.16. Clorox had a return on equity of 316.87% and a net margin of 6.38%. During the same quarter last year, the business earned $2.16 earnings per share. As a group, sell-side analysts predict that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders 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 yield of 3.29%. The ex-dividend date is Wednesday, April 23rd. Clorox’s payout ratio is 133.33%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com cut Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. Evercore ISI boosted their target price on shares of Clorox from $145.00 to $155.00 in a research note on Tuesday, February 4th. Barclays boosted their target price on shares of Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a research note on Wednesday, February 5th. DA Davidson cut their target price on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $159.62.

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.