Proficio Capital Partners LLC Invests $9.05 Million in The Clorox Company (NYSE:CLX)

Proficio Capital Partners LLC acquired a new position in shares of The Clorox Company (NYSE:CLX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 55,707 shares of the company’s stock, valued at approximately $9,047,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CLX. Brooklyn Investment Group increased its position in shares of Clorox by 163.8% during the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock worth $25,000 after purchasing an additional 95 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Clorox during the 3rd quarter worth about $27,000. Continuum Advisory LLC increased its position in shares of Clorox by 300.0% during the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $30,000 after purchasing an additional 138 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of Clorox during the 4th quarter worth about $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Clorox during the 4th quarter worth about $36,000. 78.53% of the stock is owned by institutional investors.

Clorox Stock Up 0.3 %

Clorox stock opened at $147.32 on Friday. The company’s 50 day simple moving average is $154.20 and its 200 day simple moving average is $160.20. The Clorox Company has a fifty-two week low of $127.60 and a fifty-two week high of $171.37. The firm has a market capitalization of $18.15 billion, a price-to-earnings ratio of 40.25, a PEG ratio of 2.62 and a beta of 0.45. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60.

Clorox (NYSE:CLX) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.16. Clorox had a net margin of 6.38% and a return on equity of 316.87%. During the same quarter last year, the business posted $2.16 EPS. As a group, sell-side analysts anticipate that The Clorox Company will post 7.15 EPS for the current year.

Clorox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 23rd will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, April 23rd. Clorox’s payout ratio is 133.33%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com cut shares of Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. DA Davidson lowered their price objective on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Evercore ISI raised their price objective on shares of Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. Wells Fargo & Company raised their price objective on shares of Clorox from $157.00 to $161.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 4th. Finally, Barclays raised their price objective on shares of Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a research report on Wednesday, February 5th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $159.62.

Clorox 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.