Cornercap Investment Counsel Inc. Sells 5,473 Shares of The Clorox Company (NYSE:CLX)

Cornercap Investment Counsel Inc. lowered its stake in The Clorox Company (NYSE:CLX - Free Report) by 38.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,921 shares of the company's stock after selling 5,473 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Clorox were worth $1,272,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Tyler Stone Wealth Management acquired a new stake in Clorox during the 2nd quarter worth about $25,000. Fortitude Family Office LLC acquired a new stake in Clorox during the 4th quarter worth about $29,000. American National Bank boosted its position in Clorox by 2,466.7% during the 3rd quarter. American National Bank now owns 231 shares of the company's stock worth $30,000 after acquiring an additional 222 shares during the period. Strategic Investment Solutions Inc. IL acquired a new stake in Clorox during the 1st quarter worth about $31,000. Finally, First Capital Advisors Group LLC. acquired a new stake in Clorox during the 2nd quarter worth about $35,000. Hedge funds and other institutional investors own 78.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. The Goldman Sachs Group began coverage on Clorox in a research report on Friday, March 1st. They set a "sell" rating and a $140.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on Clorox from $145.00 to $152.00 and gave the company a "neutral" rating in a report on Thursday, January 18th. DA Davidson reiterated a "neutral" rating and set a $162.00 price target on shares of Clorox in a report on Monday, February 5th. Morgan Stanley reiterated an "equal weight" rating and set a $160.00 price target on shares of Clorox in a report on Tuesday, March 26th. Finally, UBS Group lifted their price target on Clorox from $145.00 to $170.00 and gave the company a "neutral" rating in a report on Friday, February 2nd. Four research analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company's stock. According to data from MarketBeat, Clorox presently has an average rating of "Hold" and a consensus target price of $149.13.

Clorox Stock Performance

NYSE CLX traded down $1.45 during trading on Monday, hitting $140.53. The company's stock had a trading volume of 1,087,011 shares, compared to its average volume of 1,217,169. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 11.37. The firm has a 50 day moving average price of $150.92 and a 200 day moving average price of $141.60. The firm has a market cap of $17.44 billion, a P/E ratio of 223.07, a price-to-earnings-growth ratio of 2.21 and a beta of 0.43. The Clorox Company has a 52 week low of $114.68 and a 52 week high of $178.21.

Clorox (NYSE:CLX - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.08 by $1.08. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.80 billion. Clorox had a return on equity of 319.41% and a net margin of 1.09%. The company's revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 EPS. Equities research analysts forecast that The Clorox Company will post 5.52 earnings per share for the current fiscal year.

Clorox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Tuesday, April 23rd. Clorox's dividend payout ratio is currently 761.92%.

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.