Daymark Wealth Partners LLC Sells 96 Shares of The Clorox Company (NYSE:CLX)

Daymark Wealth Partners LLC reduced its stake in The Clorox Company (NYSE:CLX) by 4.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,038 shares of the company’s stock after selling 96 shares during the period. Daymark Wealth Partners LLC’s holdings in Clorox were worth $331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. AE Wealth Management LLC grew its holdings in Clorox by 99.9% during the 2nd quarter. AE Wealth Management LLC now owns 5,977 shares of the company’s stock valued at $816,000 after buying an additional 2,987 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Clorox by 72.4% in the second quarter. Pacer Advisors Inc. now owns 14,712 shares of the company’s stock valued at $2,008,000 after acquiring an additional 6,177 shares during the period. Sei Investments Co. grew its stake in Clorox by 0.5% during the second quarter. Sei Investments Co. now owns 92,305 shares of the company’s stock valued at $12,598,000 after acquiring an additional 468 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Clorox by 8.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 8,855 shares of the company’s stock worth $1,208,000 after acquiring an additional 709 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in Clorox by 75.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 4,775 shares of the company’s stock worth $652,000 after purchasing an additional 2,055 shares in the last quarter. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Evercore ISI decreased their price target on shares of Clorox from $140.00 to $139.00 and set an “underperform” rating on the stock in a report on Monday, October 14th. JPMorgan Chase & Co. raised their price target on Clorox from $167.00 to $171.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Wells Fargo & Company raised Clorox from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $155.00 to $157.00 in a report on Tuesday, January 7th. Barclays decreased their price objective on shares of Clorox from $139.00 to $130.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Finally, StockNews.com lowered shares of Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $156.54.

Clorox Stock Performance

Clorox stock opened at $160.81 on Friday. The firm has a fifty day simple moving average of $163.93 and a two-hundred day simple moving average of $157.11. The company has a quick ratio of 0.62, a current ratio of 1.00 and a debt-to-equity ratio of 11.08. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The company has a market capitalization of $19.90 billion, a PE ratio of 56.03, a P/E/G ratio of 2.95 and a beta of 0.42.

Clorox (NYSE:CLX) last released its earnings results on Wednesday, October 30th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.50. Clorox had a return on equity of 316.08% and a net margin of 4.78%. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the company posted $0.49 EPS. Clorox’s revenue for the quarter was up 27.0% on a year-over-year basis. Research analysts expect that The Clorox Company will post 6.87 EPS for the current year.

Clorox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Wednesday, January 29th will be issued a dividend of $1.22 per share. The ex-dividend date is Wednesday, January 29th. This represents a $4.88 dividend on an annualized basis and a yield of 3.03%. Clorox’s dividend payout ratio is currently 170.04%.

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.