Wilbanks Smith & Thomas Asset Management LLC Sells 11,140 Shares of The Clorox Company (NYSE:CLX)

Wilbanks Smith & Thomas Asset Management LLC decreased its holdings in The Clorox Company (NYSE:CLX - Free Report) by 60.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,435 shares of the company's stock after selling 11,140 shares during the period. Wilbanks Smith & Thomas Asset Management LLC's holdings in Clorox were worth $1,060,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC bought a new position in shares of Clorox during the fourth quarter worth approximately $29,000. Tyler Stone Wealth Management increased its stake in Clorox by 64.5% during the 3rd quarter. Tyler Stone Wealth Management now owns 255 shares of the company's stock worth $33,000 after acquiring an additional 100 shares during the period. Hartford Financial Management Inc. increased its stake in Clorox by 57.1% during the 4th quarter. Hartford Financial Management Inc. now owns 256 shares of the company's stock worth $37,000 after acquiring an additional 93 shares during the period. Valley National Advisers Inc. increased its stake in Clorox by 458.3% during the 4th quarter. Valley National Advisers Inc. now owns 268 shares of the company's stock worth $38,000 after acquiring an additional 220 shares during the period. Finally, BKM Wealth Management LLC bought a new position in Clorox during the 4th quarter worth $41,000. Institutional investors own 78.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Citigroup lowered their price objective on Clorox from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Wednesday. DA Davidson restated a "neutral" rating and set a $162.00 price objective on shares of Clorox in a research note on Wednesday, April 17th. Jefferies Financial Group raised Clorox from an "underperform" rating to a "hold" rating and set a $145.00 target price on the stock in a report on Tuesday, March 26th. Wells Fargo & Company reduced their target price on Clorox from $140.00 to $135.00 and set an "underweight" rating on the stock in a report on Thursday. Finally, Evercore ISI reduced their target price on Clorox from $145.00 to $142.00 and set an "underperform" rating on the stock in a report on Wednesday. Four research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $149.13.

Clorox Trading Down 1.0 %

Shares of CLX stock traded down $1.44 during mid-day trading on Friday, hitting $138.23. The company's stock had a trading volume of 2,027,285 shares, compared to its average volume of 1,273,688. The company's fifty day simple moving average is $148.74 and its 200-day simple moving average is $143.08. The Clorox Company has a 52 week low of $114.68 and a 52 week high of $176.24. The company has a debt-to-equity ratio of 9.73, a quick ratio of 0.57 and a current ratio of 0.90. The company has a market cap of $17.17 billion, a PE ratio of 71.62, a P/E/G ratio of 2.08 and a beta of 0.44.

Clorox (NYSE:CLX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.38. Clorox had a return on equity of 302.49% and a net margin of 3.33%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company posted $1.51 EPS. The business's quarterly revenue was down 5.3% on a year-over-year basis. As a group, equities research analysts expect that The Clorox Company will post 5.85 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Wednesday, April 24th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Tuesday, April 23rd. Clorox's payout ratio is 248.71%.

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.