Prudential PLC cut its position in shares of Clorox Co (NYSE:CLX) by 49.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,900 shares of the company’s stock after selling 2,840 shares during the period. Prudential PLC’s holdings in Clorox were worth $444,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation N.A. bought a new position in Clorox during the first quarter valued at approximately $28,000. Northstar Capital Management LLC bought a new position in Clorox during the first quarter valued at approximately $29,000. Heritage Wealth Advisors bought a new position in Clorox during the second quarter valued at approximately $30,000. Mirova bought a new position in Clorox during the second quarter valued at approximately $47,000. Finally, Prestige Wealth Management Group LLC bought a new position in Clorox during the second quarter valued at approximately $53,000. 78.21% of the stock is owned by institutional investors.
A number of equities analysts recently commented on CLX shares. Morgan Stanley reissued an “underweight” rating and set a $134.00 price target (down from $144.00) on shares of Clorox in a research note on Monday. Zacks Investment Research raised Clorox from a “sell” rating to a “hold” rating and set a $175.00 price objective for the company in a research note on Monday, July 29th. UBS Group lowered their price objective on Clorox from $128.00 to $125.00 and set a “sell” rating for the company in a research note on Thursday. Bank of America lowered their price objective on Clorox from $165.00 to $160.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Credit Suisse Group lowered their price objective on Clorox from $172.00 to $168.00 and set an “outperform” rating for the company in a research note on Thursday. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $152.25.
Shares of NYSE:CLX traded up $3.57 during trading on Friday, hitting $150.59. The company had a trading volume of 390,703 shares, compared to its average volume of 1,085,924. The stock has a market cap of $19.02 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 5.04 and a beta of 0.40. Clorox Co has a one year low of $141.53 and a one year high of $167.70. The company has a fifty day simple moving average of $156.71 and a two-hundred day simple moving average of $155.64. The company has a debt-to-equity ratio of 4.09, a current ratio of 0.91 and a quick ratio of 0.55.
Clorox (NYSE:CLX) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.04. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.69 billion. Clorox had a return on equity of 118.88% and a net margin of 13.20%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period last year, the company earned $1.66 EPS. On average, equities research analysts anticipate that Clorox Co will post 6.38 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Wednesday, October 30th will be issued a $1.06 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $4.24 annualized dividend and a dividend yield of 2.82%. Clorox’s payout ratio is 67.09%.
The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; and professional cleaning, disinfecting, and food service products under the Clorox, Dispatch, HealthLink, Clorox Healthcare, Hidden Valley, KC Masterpiece, and Soy Vay brands.
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