J.W. Cole Advisors Inc. Has $377,000 Stock Position in The Clorox Company (NYSE:CLX)

J.W. Cole Advisors Inc. lifted its position in shares of The Clorox Company (NYSE:CLX) by 56.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,645 shares of the company’s stock after acquiring an additional 952 shares during the period. J.W. Cole Advisors Inc.’s holdings in Clorox were worth $377,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in shares of Clorox by 17,658.5% during the fourth quarter. International Assets Investment Management LLC now owns 484,453 shares of the company’s stock worth $69,078,000 after buying an additional 481,725 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new position in shares of Clorox in the third quarter worth $6,605,000. Eagle Rock Investment Company LLC bought a new position in shares of Clorox in the fourth quarter worth $2,940,000. Nordea Investment Management AB increased its position in shares of Clorox by 4.0% in the fourth quarter. Nordea Investment Management AB now owns 9,551 shares of the company’s stock worth $1,362,000 after purchasing an additional 364 shares during the period. Finally, Teacher Retirement System of Texas increased its position in shares of Clorox by 742.8% in the third quarter. Teacher Retirement System of Texas now owns 78,713 shares of the company’s stock worth $10,316,000 after purchasing an additional 69,373 shares during the period. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on CLX. JPMorgan Chase & Co. raised their price target on Clorox from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. DA Davidson restated a “neutral” rating and issued a $162.00 price target on shares of Clorox in a research report on Wednesday, April 17th. Barclays decreased their price target on Clorox from $148.00 to $136.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 10th. The Goldman Sachs Group began coverage on Clorox in a research report on Friday, March 1st. They issued a “sell” rating and a $140.00 target price on the stock. Finally, UBS Group lifted their target price on Clorox from $145.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, February 2nd. Four equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $148.63.

Clorox Stock Performance

Shares of CLX stock opened at $147.79 on Thursday. The business’s 50-day moving average price is $149.59 and its 200-day moving average price is $142.27. The Clorox Company has a 12 month low of $114.68 and a 12 month high of $178.21. The firm has a market capitalization of $18.34 billion, a price-to-earnings ratio of 234.59, a PEG ratio of 2.29 and a beta of 0.43. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 11.37.

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

Clorox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Tuesday, April 23rd. Clorox’s payout ratio is 761.90%.

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.