West Oak Capital LLC Sells 75 Shares of The Clorox Company (NYSE:CLX)

West Oak Capital LLC lessened its stake in The Clorox Company (NYSE:CLX) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 750 shares of the company’s stock after selling 75 shares during the period. West Oak Capital LLC’s holdings in Clorox were worth $122,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Exeter Financial LLC raised its stake in Clorox by 2.6% during the fourth quarter. Exeter Financial LLC now owns 7,986 shares of the company’s stock worth $1,297,000 after buying an additional 199 shares during the last quarter. Courier Capital LLC raised its position in shares of Clorox by 4.2% in the 4th quarter. Courier Capital LLC now owns 2,495 shares of the company’s stock worth $405,000 after acquiring an additional 100 shares in the last quarter. Miracle Mile Advisors LLC bought a new position in shares of Clorox in the 4th quarter worth about $1,566,000. Fiduciary Alliance LLC lifted its stake in shares of Clorox by 64.9% in the 4th quarter. Fiduciary Alliance LLC now owns 2,432 shares of the company’s stock valued at $395,000 after purchasing an additional 957 shares during the period. Finally, Czech National Bank grew its stake in Clorox by 6.4% during the fourth quarter. Czech National Bank now owns 26,839 shares of the company’s stock worth $4,359,000 after purchasing an additional 1,607 shares during the period. 78.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. TD Cowen raised Clorox from a “sell” rating to a “hold” rating and boosted their price target for the company from $155.00 to $170.00 in a research note on Wednesday, November 6th. JPMorgan Chase & Co. boosted their target price on shares of Clorox from $148.00 to $174.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Jefferies Financial Group upgraded shares of Clorox from a “hold” rating to a “buy” rating and raised their price target for the stock from $174.00 to $187.00 in a report on Tuesday, October 1st. DA Davidson upped their price objective on shares of Clorox from $153.00 to $171.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Evercore ISI reduced their target price on Clorox from $140.00 to $139.00 and set an “underperform” rating for the company in a research note on Monday, October 14th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $157.46.

Clorox Stock Down 0.2 %

CLX stock opened at $157.32 on Tuesday. The stock’s 50 day moving average is $164.55 and its 200-day moving average is $156.00. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The firm has a market capitalization of $19.47 billion, a PE ratio of 54.82, a P/E/G ratio of 3.04 and a beta of 0.42. The company has a quick ratio of 0.62, a current ratio of 1.00 and a debt-to-equity ratio of 11.08.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.50. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. Clorox had a net margin of 4.78% and a return on equity of 316.08%. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. Sell-side analysts expect that The Clorox Company will post 6.85 EPS for the current fiscal year.

Clorox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Wednesday, January 29th will be paid a $1.22 dividend. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $4.88 annualized dividend and a yield of 3.10%. Clorox’s dividend payout ratio (DPR) is 170.03%.

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.