Diversify Advisory Services LLC Buys Shares of 2,349 The Clorox Company (NYSE:CLX)

Diversify Advisory Services LLC acquired a new position in The Clorox Company (NYSE:CLXFree Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,349 shares of the company’s stock, valued at approximately $356,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CLX. Fortitude Family Office LLC purchased a new stake in shares of Clorox in the 4th quarter worth $29,000. Venturi Wealth Management LLC increased its stake in shares of Clorox by 308.5% in the 1st quarter. Venturi Wealth Management LLC now owns 192 shares of the company’s stock worth $29,000 after purchasing an additional 145 shares in the last quarter. Northwest Financial Advisors purchased a new stake in shares of Clorox in the 4th quarter worth $29,000. Core Wealth Advisors Inc. purchased a new stake in shares of Clorox in the 4th quarter worth $29,000. Finally, First United Bank & Trust purchased a new stake in shares of Clorox in the 4th quarter worth $31,000. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

Clorox Stock Up 0.6 %

Shares of NYSE:CLX opened at $133.22 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.53 and a debt-to-equity ratio of 9.73. The Clorox Company has a 12 month low of $114.68 and a 12 month high of $169.14. The company has a 50-day moving average price of $135.62 and a 200 day moving average price of $143.46. The company has a market cap of $16.54 billion, a price-to-earnings ratio of 69.03, a PEG ratio of 1.98 and a beta of 0.39.

Clorox (NYSE:CLXGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.38. Clorox had a net margin of 3.33% and a return on equity of 302.49%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the firm earned $1.51 EPS. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. As a group, equities research analysts predict that The Clorox Company will post 5.91 earnings per share for the current year.

Wall Street Analyst Weigh In

CLX has been the subject of several recent analyst reports. Citigroup dropped their target price on shares of Clorox from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Argus raised shares of Clorox to a “hold” rating in a report on Tuesday, June 4th. DA Davidson reaffirmed a “neutral” rating and issued a $162.00 target price on shares of Clorox in a report on Wednesday, April 17th. BNP Paribas initiated coverage on shares of Clorox in a report on Monday, June 24th. They issued an “underperform” rating and a $130.00 target price for the company. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $160.00 target price on shares of Clorox in a report on Tuesday, March 26th. Five investment analysts have rated the stock with a sell rating and fourteen have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $145.33.

Get Our Latest Stock Report on CLX

About Clorox

(Free Report)

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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