IHT Wealth Management LLC Has $790,000 Stock Holdings in The Clorox Company (NYSE:CLX)

IHT Wealth Management LLC lowered its position in The Clorox Company (NYSE:CLX) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,861 shares of the company’s stock after selling 155 shares during the quarter. IHT Wealth Management LLC’s holdings in Clorox were worth $790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group lifted its holdings in shares of Clorox by 163.8% during the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock worth $25,000 after purchasing an additional 95 shares during the period. Redwood Park Advisors LLC bought a new position in Clorox during the 4th quarter worth $26,000. Millstone Evans Group LLC acquired a new position in Clorox during the 4th quarter worth about $31,000. Asset Planning Inc bought a new stake in shares of Clorox in the 4th quarter valued at about $32,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of Clorox in the fourth quarter valued at about $32,000. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Clorox Price Performance

Clorox stock opened at $137.50 on Friday. The stock has a market cap of $16.94 billion, a P/E ratio of 37.57, a P/E/G ratio of 2.62 and a beta of 0.61. 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 company’s 50 day moving average price is $145.80 and its two-hundred day moving average price is $155.83. The Clorox Company has a 52 week low of $127.60 and a 52 week high of $171.37.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.16. Clorox had a return on equity of 316.87% and a net margin of 6.38%. During the same period in the previous year, the company earned $2.16 EPS. On average, equities analysts predict that The Clorox Company will post 7.15 earnings per share for the current year.

Clorox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox’s payout ratio is 133.33%.

Analyst Upgrades and Downgrades

CLX has been the topic of several analyst reports. UBS Group reduced their target price on Clorox from $176.00 to $154.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company decreased their price objective on shares of Clorox from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their target price on shares of Clorox from $173.00 to $151.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. StockNews.com downgraded Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. Finally, DA Davidson dropped their price objective on Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Three research 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $153.83.

Clorox 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.