LPL Financial LLC raised its stake in shares of The Clorox Company (NYSE:CLX) by 3.0% during the second quarter, HoldingsChannel reports. The firm owned 189,542 shares of the company’s stock after purchasing an additional 5,442 shares during the quarter. LPL Financial LLC’s holdings in The Clorox were worth $34,101,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Stonebridge Capital Advisors LLC acquired a new position in The Clorox during the 1st quarter valued at approximately $27,000. Bogart Wealth LLC increased its stake in shares of The Clorox by 73.1% in the second quarter. Bogart Wealth LLC now owns 180 shares of the company’s stock worth $32,000 after acquiring an additional 76 shares during the period. Harbour Investments Inc. acquired a new stake in shares of The Clorox in the first quarter worth $40,000. Corsicana & Co. acquired a new stake in shares of The Clorox in the second quarter worth $49,000. Finally, Deseret Mutual Benefit Administrators acquired a new stake in shares of The Clorox in the second quarter worth $61,000. Institutional investors and hedge funds own 77.77% of the company’s stock.
A number of research firms have recently weighed in on CLX. Zacks Investment Research lowered shares of The Clorox from a “hold” rating to a “strong sell” rating and set a $139.00 price objective on the stock. in a research note on Friday, August 6th. Credit Suisse Group decreased their price objective on shares of The Clorox from $175.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, August 4th. Atlantic Securities downgraded shares of The Clorox from an “overweight” rating to a “neutral” rating and set a $150.00 price objective on the stock. in a report on Wednesday, August 4th. UBS Group decreased their price objective on shares of The Clorox from $166.00 to $154.00 and set a “sell” rating on the stock in a report on Wednesday, August 4th. They noted that the move was a valuation call. Finally, DA Davidson decreased their price objective on shares of The Clorox from $177.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, August 4th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $182.11.
The Clorox (NYSE:CLX) last released its quarterly earnings data on Tuesday, August 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by ($0.34). The Clorox had a return on equity of 94.42% and a net margin of 9.67%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the business posted $2.41 earnings per share. The Clorox’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, analysts expect that The Clorox Company will post 5.54 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 10th. Shareholders of record on Wednesday, October 27th will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Tuesday, October 26th. The Clorox’s dividend payout ratio is presently 64.00%.
The Clorox Profile
The Clorox Co engages in the manufacture and marketing of consumer and professional products. It operates through the following business segments: Cleaning, Lifestyle, Household, and International. The Cleaning segment consists of laundry, home care, and professional products marketed and sold in the United States.
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