The Clorox Company (NYSE:CLX) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust reduced its stake in The Clorox Company (NYSE:CLX) by 29.4% in the fourth quarter, HoldingsChannel reports. The fund owned 332 shares of the company’s stock after selling 138 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Clorox were worth $47,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. National Wealth Management Group LLC acquired a new stake in shares of Clorox in the 4th quarter worth approximately $407,000. Wedge Capital Management L L P NC acquired a new stake in shares of Clorox in the 4th quarter worth approximately $1,794,000. Mengis Capital Management Inc. lifted its stake in Clorox by 224.2% during the fourth quarter. Mengis Capital Management Inc. now owns 6,579 shares of the company’s stock valued at $938,000 after purchasing an additional 4,550 shares during the last quarter. Stock Yards Bank & Trust Co. lifted its stake in Clorox by 3.1% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 23,596 shares of the company’s stock valued at $3,365,000 after purchasing an additional 713 shares during the last quarter. Finally, Significant Wealth Partners LLC acquired a new stake in Clorox during the fourth quarter valued at approximately $826,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on CLX. JPMorgan Chase & Co. increased their target price on shares of Clorox from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Clorox from $155.00 to $151.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. UBS Group increased their target price on shares of Clorox from $145.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd. Jefferies Financial Group raised shares of Clorox from an “underperform” rating to a “hold” rating and set a $145.00 target price for the company in a research note on Tuesday, March 26th. Finally, Citigroup cut their target price on shares of Clorox from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Four equities research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the stock. According to MarketBeat.com, Clorox currently has a consensus rating of “Hold” and a consensus price target of $148.63.

Clorox Stock Down 0.7 %

Clorox stock opened at $146.48 on Friday. The firm has a market cap of $18.18 billion, a PE ratio of 232.51, a P/E/G ratio of 2.34 and a beta of 0.43. The company has a debt-to-equity ratio of 11.37, a quick ratio of 0.57 and a current ratio of 0.89. The firm’s 50 day moving average price is $149.39 and its two-hundred day moving average price is $142.47. The Clorox Company has a twelve month low of $114.68 and a twelve month high of $178.21.

Clorox (NYSE:CLX) last released its quarterly earnings data on Thursday, February 1st. The company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.08 by $1.08. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.80 billion. Clorox had a net margin of 1.09% and a return on equity of 319.41%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. On average, research analysts predict that The Clorox Company will post 5.52 EPS for the current fiscal year.

Clorox Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, April 23rd. This represents a $4.80 annualized dividend and a dividend yield of 3.28%. Clorox’s dividend payout ratio (DPR) is 761.92%.

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.