Accredited Wealth Management LLC Boosts Stock Position in The Clorox Company $CLX

Accredited Wealth Management LLC boosted its position in The Clorox Company (NYSE:CLX) by 8,294.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,844 shares of the company’s stock after purchasing an additional 12,691 shares during the quarter. Clorox comprises about 1.3% of Accredited Wealth Management LLC’s holdings, making the stock its 21st largest position. Accredited Wealth Management LLC’s holdings in Clorox were worth $1,584,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Total Investment Management Inc. acquired a new position in shares of Clorox in the second quarter valued at approximately $25,000. Center for Financial Planning Inc. purchased a new stake in Clorox in the 3rd quarter worth approximately $25,000. NewSquare Capital LLC raised its holdings in Clorox by 567.6% in the 2nd quarter. NewSquare Capital LLC now owns 227 shares of the company’s stock valued at $27,000 after acquiring an additional 193 shares during the last quarter. True Wealth Design LLC raised its holdings in Clorox by 1,020.0% in the 3rd quarter. True Wealth Design LLC now owns 224 shares of the company’s stock valued at $28,000 after acquiring an additional 204 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new position in shares of Clorox during the 3rd quarter worth $29,000. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on CLX shares. JPMorgan Chase & Co. upped their target price on Clorox from $114.00 to $117.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Clorox from $114.00 to $112.00 and set a “hold” rating on the stock in a report on Wednesday, February 4th. Zacks Research upgraded shares of Clorox from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Weiss Ratings lowered shares of Clorox from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company set a $125.00 price target on shares of Clorox in a research note on Tuesday, February 17th. One 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. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $118.73.

Clorox Stock Performance

NYSE:CLX opened at $127.28 on Friday. The firm’s fifty day simple moving average is $112.42 and its 200 day simple moving average is $113.74. The company has a current ratio of 0.74, a quick ratio of 0.48 and a debt-to-equity ratio of 71.03. The Clorox Company has a twelve month low of $96.66 and a twelve month high of $158.91. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 0.62 and a beta of 0.59.

Clorox (NYSE:CLX) last released 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 company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Clorox had a net margin of 11.17% and a return on equity of 383.01%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the business earned $1.55 earnings per share. As a group, equities research analysts expect that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be issued a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, April 22nd. Clorox’s dividend payout ratio is currently 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.