State of Alaska Department of Revenue Sells 16,410 Shares of The Clorox Company (NYSE:CLX)

State of Alaska Department of Revenue lessened its stake in shares of The Clorox Company (NYSE:CLXGet Rating) by 32.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 34,612 shares of the company’s stock after selling 16,410 shares during the period. State of Alaska Department of Revenue’s holdings in Clorox were worth $4,879,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Buckingham Strategic Wealth LLC grew its holdings in Clorox by 2.6% during the first quarter. Buckingham Strategic Wealth LLC now owns 2,721 shares of the company’s stock valued at $378,000 after purchasing an additional 70 shares during the period. Private Trust Co. NA lifted its position in shares of Clorox by 2.1% in the first quarter. Private Trust Co. NA now owns 3,519 shares of the company’s stock valued at $489,000 after acquiring an additional 71 shares in the last quarter. 1ST Source Bank lifted its position in shares of Clorox by 4.1% in the first quarter. 1ST Source Bank now owns 1,883 shares of the company’s stock valued at $262,000 after acquiring an additional 75 shares in the last quarter. RPg Family Wealth Advisory LLC lifted its position in shares of Clorox by 0.8% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 11,093 shares of the company’s stock valued at $1,934,000 after acquiring an additional 93 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Clorox by 24.7% in the first quarter. Parkside Financial Bank & Trust now owns 475 shares of the company’s stock valued at $66,000 after acquiring an additional 94 shares in the last quarter. Institutional investors own 81.69% of the company’s stock.

Clorox Trading Down 1.1 %

Shares of NYSE CLX opened at $141.30 on Wednesday. The business’s 50 day moving average is $145.49 and its two-hundred day moving average is $142.71. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.97 and a quick ratio of 0.54. The Clorox Company has a 1-year low of $120.50 and a 1-year high of $186.86. The stock has a market capitalization of $17.40 billion, a P/E ratio of 37.98, a PEG ratio of 5.05 and a beta of 0.18.

Clorox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Wednesday, October 26th will be paid a dividend of $1.18 per share. This represents a $4.72 annualized dividend and a yield of 3.34%. Clorox’s payout ratio is currently 126.88%.

Analysts Set New Price Targets

CLX has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Clorox from $145.00 to $132.00 and set a “hold” rating on the stock in a research report on Tuesday, June 21st. DA Davidson boosted their price objective on Clorox from $123.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday, August 12th. JPMorgan Chase & Co. boosted their target price on Clorox from $127.00 to $132.00 in a research report on Thursday, July 21st. UBS Group decreased their target price on Clorox to $129.00 in a research report on Friday, July 22nd. Finally, Morgan Stanley decreased their target price on Clorox from $137.00 to $130.00 and set an “underweight” rating on the stock in a research report on Thursday, August 4th. Ten research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $130.67.

About Clorox

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The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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