World Investment Advisors Invests $324,000 in The Clorox Company (NYSE:CLX)

World Investment Advisors purchased a new stake in The Clorox Company (NYSE:CLX) in the 4th quarter, HoldingsChannel reports. The fund purchased 1,998 shares of the company’s stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLX. Integral Investment Advisors Inc. lifted its holdings in shares of Clorox by 4.1% in the fourth quarter. Integral Investment Advisors Inc. now owns 1,718 shares of the company’s stock valued at $279,000 after purchasing an additional 67 shares in the last quarter. HCR Wealth Advisors boosted its position in Clorox by 1.0% during the 4th quarter. HCR Wealth Advisors now owns 6,870 shares of the company’s stock worth $1,116,000 after acquiring an additional 68 shares during the period. Sound View Wealth Advisors Group LLC grew its stake in Clorox by 6.1% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,345 shares of the company’s stock valued at $218,000 after acquiring an additional 77 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of Clorox by 163.8% in the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock valued at $25,000 after purchasing an additional 95 shares during the period. Finally, Global X Japan Co. Ltd. lifted its position in shares of Clorox by 3.0% in the fourth quarter. Global X Japan Co. Ltd. now owns 3,272 shares of the company’s stock worth $531,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Barclays dropped their price target on shares of Clorox from $140.00 to $139.00 and set an “underweight” rating on the stock in a research note on Thursday, March 27th. DA Davidson reduced their price objective on Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company dropped their target price on Clorox from $161.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Finally, StockNews.com lowered Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $159.00.

Clorox Trading Down 1.7 %

NYSE:CLX opened at $136.51 on Wednesday. The company’s 50 day moving average is $148.69 and its 200-day moving average is $157.86. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The Clorox Company has a 12 month low of $127.60 and a 12 month high of $171.37. The firm has a market cap of $16.82 billion, a price-to-earnings ratio of 37.30, a P/E/G ratio of 2.62 and a beta of 0.61.

Clorox (NYSE:CLX) last announced its earnings results on Monday, February 3rd. The company reported $1.55 EPS 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 period in the prior year, the firm posted $2.16 EPS. Equities analysts anticipate that The Clorox Company will post 7.15 EPS for the current year.

Clorox Announces Dividend

The firm also recently announced 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. The ex-dividend date is Wednesday, April 23rd. This represents a $4.88 annualized dividend and a yield of 3.57%. Clorox’s payout ratio is 133.33%.

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.