The Clorox Company (NYSE:CLX) Shares Sold by City State Bank

City State Bank decreased its holdings in The Clorox Company (NYSE:CLXFree Report) by 22.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 350 shares of the company’s stock after selling 100 shares during the quarter. City State Bank’s holdings in Clorox were worth $50,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Clorox in the 4th quarter valued at $101,609,000. Imprint Wealth LLC increased its holdings in shares of Clorox by 16,986.8% during the 2nd quarter. Imprint Wealth LLC now owns 551,392 shares of the company’s stock valued at $55,139,000 after acquiring an additional 548,165 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Clorox by 75.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,130,481 shares of the company’s stock worth $148,161,000 after purchasing an additional 487,974 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Clorox by 4.9% during the 2nd quarter. BlackRock Inc. now owns 9,929,208 shares of the company’s stock worth $1,579,141,000 after purchasing an additional 466,197 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Clorox by 39.6% during the 3rd quarter. Acadian Asset Management LLC now owns 1,467,713 shares of the company’s stock worth $192,319,000 after purchasing an additional 415,999 shares in the last quarter. Institutional investors own 77.98% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on CLX shares. JPMorgan Chase & Co. lifted their price objective on Clorox from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. UBS Group raised their target price on Clorox from $145.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Bank of America upgraded Clorox from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $120.00 to $150.00 in a research report on Friday, December 15th. The Goldman Sachs Group initiated coverage on Clorox in a research report on Friday, March 1st. They set a “sell” rating and a $140.00 target price for the company. Finally, Barclays lifted their price objective on Clorox from $115.00 to $118.00 and gave the company an “underweight” rating in a research report on Tuesday, January 16th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Clorox presently has an average rating of “Hold” and a consensus target price of $144.33.

Get Our Latest Report on Clorox

Clorox Stock Down 0.9 %

NYSE:CLX opened at $148.86 on Tuesday. The stock has a market cap of $18.48 billion, a price-to-earnings ratio of 236.29, a PEG ratio of 2.27 and a beta of 0.43. The stock has a 50-day moving average price of $149.58 and a two-hundred day moving average price of $141.03. The Clorox Company has a 1 year low of $114.68 and a 1 year high of $178.21. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 11.37.

Clorox (NYSE:CLXGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $1.08. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.80 billion. Clorox had a return on equity of 319.41% and a net margin of 1.09%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 earnings per share. As a group, equities analysts expect that The Clorox Company will post 5.58 earnings per share for the current year.

Clorox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.22%. Clorox’s dividend payout ratio (DPR) is 761.92%.

Clorox Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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