Korea Investment CORP Has $3.85 Million Stake in The Clorox Company $CLX

Korea Investment CORP trimmed its stake in The Clorox Company (NYSE:CLX) by 73.4% during the third quarter, HoldingsChannel.com reports. The fund owned 31,217 shares of the company’s stock after selling 86,353 shares during the quarter. Korea Investment CORP’s holdings in Clorox were worth $3,849,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Total Investment Management Inc. bought a new position in shares of Clorox during the second quarter valued at $25,000. Center for Financial Planning Inc. bought a new stake in shares of Clorox in the 3rd quarter worth about $25,000. True Wealth Design LLC increased its position in shares of Clorox by 1,020.0% during the 3rd quarter. True Wealth Design LLC now owns 224 shares of the company’s stock worth $28,000 after purchasing an additional 204 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Clorox during the 3rd quarter worth about $29,000. Finally, Darwin Wealth Management LLC bought a new position in Clorox during the 2nd quarter valued at about $29,000. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CLX shares. TD Cowen upped their price objective on shares of Clorox from $108.00 to $111.00 and gave the stock a “hold” rating in a research note on Wednesday, February 4th. Barclays reiterated an “underweight” rating and issued a $109.00 target price on shares of Clorox in a research note on Friday, January 16th. Morgan Stanley increased their price target on Clorox from $125.00 to $136.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Zacks Research raised Clorox from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Finally, Royal Bank Of Canada set a $132.00 price objective on Clorox in a research report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Clorox has a consensus rating of “Reduce” and a consensus price target of $118.73.

Clorox Stock Down 3.1%

NYSE:CLX opened at $108.72 on Friday. The company has a market cap of $13.15 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 0.55 and a beta of 0.59. The company has a debt-to-equity ratio of 71.03, a quick ratio of 0.48 and a current ratio of 0.74. The stock’s fifty day moving average price is $115.46 and its two-hundred day moving average price is $113.42. The Clorox Company has a 52-week low of $96.66 and a 52-week high of $150.84.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.04). The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clorox had a net margin of 11.17% and a return on equity of 383.01%. Clorox’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.55 EPS. On average, analysts anticipate that The Clorox Company will post 7.15 EPS for the current year.

Clorox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be paid a $1.24 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.96 dividend on an annualized basis and a yield of 4.6%. Clorox’s dividend payout ratio (DPR) is presently 81.05%.

Clorox Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.