Simplicity Solutions LLC Has $614,000 Stock Holdings in The Clorox Company (NYSE:CLX)

Simplicity Solutions LLC lessened its holdings in shares of The Clorox Company (NYSE:CLX) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,307 shares of the company’s stock after selling 185 shares during the period. Simplicity Solutions LLC’s holdings in Clorox were worth $614,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Graypoint LLC acquired a new position in shares of Clorox during the 4th quarter worth about $208,000. Koshinski Asset Management Inc. lifted its position in shares of Clorox by 15.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 3,930 shares of the company’s stock worth $560,000 after purchasing an additional 537 shares during the last quarter. Hartford Financial Management Inc. lifted its position in shares of Clorox by 57.1% during the 4th quarter. Hartford Financial Management Inc. now owns 256 shares of the company’s stock worth $37,000 after purchasing an additional 93 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Clorox by 2.8% during the 4th quarter. Valeo Financial Advisors LLC now owns 3,457 shares of the company’s stock worth $493,000 after purchasing an additional 95 shares during the last quarter. Finally, Sapient Capital LLC acquired a new position in Clorox in the 4th quarter valued at approximately $266,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CLX. DA Davidson reaffirmed a “neutral” rating and issued a $162.00 price target on shares of Clorox in a report on Wednesday. Jefferies Financial Group raised Clorox from an “underperform” rating to a “hold” rating and set a $145.00 price target for the company in a report on Tuesday, March 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $160.00 price target on shares of Clorox in a report on Tuesday, March 26th. Barclays cut their price target on Clorox from $148.00 to $136.00 and set an “underweight” rating for the company in a report on Wednesday, April 10th. Finally, Citigroup cut their price target on Clorox from $165.00 to $155.00 and set a “neutral” rating for the company in a report on Tuesday. Four research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. According to MarketBeat, Clorox currently has an average rating of “Hold” and a consensus target price of $148.63.

Clorox Stock Down 0.1 %

NYSE CLX opened at $142.29 on Thursday. The firm has a market cap of $17.66 billion, a PE ratio of 225.86, a price-to-earnings-growth ratio of 2.19 and a beta of 0.43. The Clorox Company has a one year low of $114.68 and a one year high of $178.21. The stock’s 50 day simple moving average is $150.40 and its 200 day simple moving average is $141.69. The company has a debt-to-equity ratio of 11.37, a current ratio of 0.89 and a quick ratio of 0.57.

Clorox (NYSE:CLX) last released its quarterly earnings results on Thursday, February 1st. The company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $1.08. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.80 billion. Clorox had a return on equity of 319.41% and a net margin of 1.09%. Clorox’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 EPS. As a group, sell-side analysts forecast that The Clorox Company will post 5.52 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be given a dividend of $1.20 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $4.80 dividend on an annualized basis and a yield of 3.37%. Clorox’s dividend payout ratio (DPR) is presently 761.92%.

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.