Carolina Wealth Advisors LLC Sells 7,245 Shares of The Clorox Company $CLX

Carolina Wealth Advisors LLC decreased its position in The Clorox Company (NYSE:CLX) by 95.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 328 shares of the company’s stock after selling 7,245 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in Clorox were worth $33,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CLX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Clorox by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,380 shares of the company’s stock worth $1,970,000 after acquiring an additional 514 shares during the last quarter. Woodline Partners LP increased its stake in Clorox by 253.7% in the 1st quarter. Woodline Partners LP now owns 10,407 shares of the company’s stock worth $1,532,000 after acquiring an additional 7,465 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in Clorox in the 2nd quarter worth approximately $222,000. Guggenheim Capital LLC increased its stake in Clorox by 1.5% in the 2nd quarter. Guggenheim Capital LLC now owns 19,587 shares of the company’s stock worth $2,352,000 after acquiring an additional 280 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Clorox by 2.9% in the 2nd quarter. First Trust Advisors LP now owns 485,301 shares of the company’s stock worth $58,270,000 after acquiring an additional 13,810 shares during the last quarter. Institutional investors own 78.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. TD Cowen lifted their price objective on Clorox from $98.00 to $111.00 and gave the stock a “hold” rating in a research note on Tuesday, March 31st. Morgan Stanley lifted their price objective on Clorox from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Citigroup lifted their price objective on Clorox from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Evercore reduced their price objective on Clorox from $132.00 to $115.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada set a $132.00 target price on Clorox in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Clorox has an average rating of “Reduce” and a consensus target price of $118.00.

Clorox Stock Performance

NYSE CLX opened at $105.02 on Tuesday. The company has a market cap of $12.70 billion, a P/E ratio of 17.16, a P/E/G ratio of 0.50 and a beta of 0.65. The company has a debt-to-equity ratio of 71.03, a quick ratio of 0.48 and a current ratio of 0.74. The business’s 50 day moving average price is $114.62 and its 200-day moving average price is $111.24. The Clorox Company has a fifty-two week low of $96.66 and a fifty-two week high of $143.96.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.04). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clorox had a net margin of 11.17% and a return on equity of 383.01%. The business’s revenue was down .8% compared to the same quarter last year. During the same period last year, the company earned $1.55 EPS. Sell-side analysts predict that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be given a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, April 22nd. Clorox’s dividend payout ratio is 81.05%.

Clorox Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.