Commerzbank Aktiengesellschaft FI cut its position in shares of Clorox Co (NYSE:CLX) by 22.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,124 shares of the company’s stock after selling 609 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Clorox were worth $316,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in CLX. Phocas Financial Corp. bought a new position in Clorox in the 2nd quarter worth approximately $167,000. Dupont Capital Management Corp acquired a new position in shares of Clorox in the 3rd quarter valued at $199,000. Smith Moore & CO. acquired a new position in shares of Clorox in the 3rd quarter valued at $204,000. Private Asset Management Inc. acquired a new position in shares of Clorox in the 4th quarter valued at $208,000. Finally, WFG Advisors LP grew its holdings in shares of Clorox by 7.2% in the 2nd quarter. WFG Advisors LP now owns 1,571 shares of the company’s stock valued at $209,000 after buying an additional 106 shares during the period. 73.42% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently issued reports on CLX shares. Zacks Investment Research raised shares of Clorox from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Morgan Stanley cut their price objective on shares of Clorox from $138.00 to $128.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. Consumer Edge raised shares of Clorox from a “neutral” rating to an “outperform” rating in a research report on Friday, November 10th. Jefferies Group reaffirmed a “hold” rating and issued a $132.00 target price on shares of Clorox in a report on Wednesday, November 1st. Finally, Argus cut shares of Clorox from a “buy” rating to a “hold” rating and dropped their target price for the company from $150.40 to $127.81 in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $132.46.
Clorox Co (NYSE:CLX) traded up $0.88 during mid-day trading on Thursday, hitting $129.68. 352,159 shares of the stock traded hands, compared to its average volume of 1,210,823. The company has a market capitalization of $16,632.30, a P/E ratio of 21.26, a P/E/G ratio of 2.41 and a beta of 0.31. Clorox Co has a 12-month low of $124.09 and a 12-month high of $150.40. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.22 and a quick ratio of 0.86.
Clorox (NYSE:CLX) last released its quarterly earnings results on Friday, February 2nd. The company reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.01. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.43 billion. Clorox had a net margin of 13.21% and a return on equity of 126.70%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 earnings per share. sell-side analysts expect that Clorox Co will post 6.23 earnings per share for the current year.
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The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.
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