Garrison Point Advisors LLC Purchases Shares of 2,100 The Clorox Company (NYSE:CLX)

Garrison Point Advisors LLC bought a new stake in The Clorox Company (NYSE:CLX) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 2,100 shares of the company’s stock, valued at approximately $341,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CLX. California Public Employees Retirement System lifted its stake in shares of Clorox by 1.3% in the fourth quarter. California Public Employees Retirement System now owns 565,810 shares of the company’s stock valued at $91,893,000 after buying an additional 6,987 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Clorox by 26.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 59,766 shares of the company’s stock valued at $9,736,000 after acquiring an additional 12,428 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in Clorox during the 4th quarter valued at about $204,000. Apollon Wealth Management LLC increased its holdings in Clorox by 119.6% during the 4th quarter. Apollon Wealth Management LLC now owns 3,364 shares of the company’s stock worth $546,000 after purchasing an additional 1,832 shares in the last quarter. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of Clorox in the fourth quarter worth approximately $1,566,000. 78.53% of the stock is owned by institutional investors.

Clorox Price Performance

Clorox stock opened at $143.76 on Friday. The business has a 50-day simple moving average of $150.06 and a 200 day simple moving average of $158.40. The Clorox Company has a 52 week low of $127.60 and a 52 week high of $171.37. The stock has a market cap of $17.71 billion, a price-to-earnings ratio of 39.28, a PEG ratio of 2.62 and a beta of 0.45. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52.

Clorox (NYSE:CLX) last announced its earnings results on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates 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 company earned $2.16 EPS. On average, research analysts forecast that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd will be given a dividend of $1.22 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $4.88 dividend on an annualized basis and a yield of 3.39%. Clorox’s payout ratio is 133.33%.

Analyst Ratings Changes

A number of research firms have issued reports on CLX. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price objective on shares of Clorox in a report on Thursday, January 30th. StockNews.com lowered shares of Clorox from a “buy” rating to a “hold” rating in a research note on Sunday, January 5th. Wells Fargo & Company cut their target price on Clorox from $161.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on Clorox from $171.00 to $173.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, Barclays reduced their price objective on Clorox from $140.00 to $139.00 and set an “underweight” rating for the company in a research note on Thursday, March 27th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $159.00.

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.