Principal Financial Group Inc. Reduces Holdings in The Clorox Company (NYSE:CLX)

Principal Financial Group Inc. trimmed its position in shares of The Clorox Company (NYSE:CLX) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 175,167 shares of the company’s stock after selling 4,176 shares during the quarter. Principal Financial Group Inc. owned approximately 0.14% of Clorox worth $29,010,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. TrinityPoint Wealth LLC increased its position in shares of Clorox by 2.7% during the second quarter. TrinityPoint Wealth LLC now owns 2,506 shares of the company’s stock worth $451,000 after purchasing an additional 65 shares in the last quarter. Legacy Financial Advisors Inc. grew its holdings in Clorox by 5.6% in the 3rd quarter. Legacy Financial Advisors Inc. now owns 1,233 shares of the company’s stock valued at $204,000 after buying an additional 65 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Clorox by 2.9% in the 3rd quarter. International Assets Investment Management LLC now owns 2,360 shares of the company’s stock valued at $391,000 after buying an additional 66 shares in the last quarter. Associated Banc Corp grew its holdings in Clorox by 4.9% in the 3rd quarter. Associated Banc Corp now owns 1,469 shares of the company’s stock valued at $243,000 after buying an additional 69 shares in the last quarter. Finally, SignalPoint Asset Management LLC grew its holdings in Clorox by 5.6% in the 3rd quarter. SignalPoint Asset Management LLC now owns 1,366 shares of the company’s stock valued at $226,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

CLX opened at $186.60 on Friday. The stock’s 50-day moving average price is $171.51 and its 200 day moving average price is $170.33. The Clorox Company has a 12-month low of $156.23 and a 12-month high of $231.11. The company has a current ratio of 0.69, a quick ratio of 0.39 and a debt-to-equity ratio of 3.45. The firm has a market cap of $22.93 billion, a price-to-earnings ratio of 53.93, a PEG ratio of 4.79 and a beta of 0.21.

Clorox (NYSE:CLX) last posted its earnings results on Sunday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.18. Clorox had a return on equity of 84.70% and a net margin of 6.04%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the company earned $3.22 EPS. Clorox’s revenue was down 5.7% on a year-over-year basis. On average, research analysts forecast that The Clorox Company will post 5.46 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 11th. Investors of record on Wednesday, January 26th will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, January 25th. Clorox’s payout ratio is 134.10%.

Several analysts have issued reports on the company. Barclays dropped their target price on Clorox from $138.00 to $131.00 and set an “underweight” rating for the company in a report on Wednesday, November 3rd. TheStreet cut Clorox from a “b-” rating to a “c+” rating in a report on Tuesday, November 9th. JPMorgan Chase & Co. upped their target price on Clorox from $147.00 to $157.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft upped their target price on Clorox from $156.00 to $160.00 and gave the company a “hold” rating in a report on Tuesday, November 2nd. Finally, The Goldman Sachs Group increased their price target on Clorox from $141.00 to $159.00 and gave the stock a “sell” rating in a report on Tuesday. Seven equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Clorox presently has an average rating of “Hold” and an average target price of $170.41.

In other Clorox news, SVP Diego J. Barral sold 240 shares of the stock in a transaction dated Tuesday, November 16th. The stock was sold at an average price of $170.00, for a total value of $40,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.58% of the stock is currently owned by corporate insiders.

Clorox Company 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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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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