W.H. Cornerstone Investments Inc. Reduces Stock Position in The Clorox Company (NYSE:CLX)

W.H. Cornerstone Investments Inc. decreased its position in shares of The Clorox Company (NYSE:CLX) by 17.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,616 shares of the company’s stock after selling 561 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in Clorox were worth $373,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Fortitude Family Office LLC acquired a new stake in Clorox in the 4th quarter valued at about $29,000. Tyler Stone Wealth Management grew its position in shares of Clorox by 64.5% in 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 last quarter. Hartford Financial Management Inc. grew its position in shares of Clorox by 57.1% in the fourth quarter. Hartford Financial Management Inc. now owns 256 shares of the company’s stock valued at $37,000 after purchasing an additional 93 shares during the last quarter. Valley National Advisers Inc. increased its stake in shares of Clorox by 458.3% during the 4th quarter. Valley National Advisers Inc. now owns 268 shares of the company’s stock worth $38,000 after purchasing an additional 220 shares in the last quarter. Finally, BKM Wealth Management LLC acquired a new position in shares of Clorox during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on CLX shares. JPMorgan Chase & Co. lowered their target price on Clorox from $159.00 to $158.00 and set a “neutral” rating on the stock in a report on Wednesday. UBS Group decreased their price target on shares of Clorox from $164.00 to $159.00 and set a “neutral” rating on the stock in a research note on Wednesday. Wells Fargo & Company cut their price objective on shares of Clorox from $140.00 to $135.00 and set an “underweight” rating for the company in a research report on Thursday. Evercore ISI decreased their target price on shares of Clorox from $145.00 to $142.00 and set an “underperform” rating on the stock in a research report on Wednesday. Finally, Barclays cut their price target on Clorox from $136.00 to $132.00 and set an “underweight” rating for the company in a report on Thursday. Four investment analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to data from MarketBeat, Clorox presently has a consensus rating of “Hold” and an average price target of $146.43.

Clorox Stock Down 1.0 %

Shares of CLX stock traded down $1.44 on Friday, hitting $138.23. The stock had a trading volume of 2,036,238 shares, compared to its average volume of 1,340,454. The stock’s 50 day moving average is $148.45 and its 200-day moving average is $143.43. The firm has a market capitalization of $17.17 billion, a price-to-earnings ratio of 71.62, a P/E/G ratio of 2.16 and a beta of 0.44. The Clorox Company has a 52-week low of $114.68 and a 52-week high of $176.24. The company has a debt-to-equity ratio of 9.73, a quick ratio of 0.57 and a current ratio of 0.90.

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

Clorox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be issued a dividend of $1.20 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $4.80 annualized dividend and a yield of 3.47%. Clorox’s dividend payout ratio is presently 248.71%.

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.