The Clorox Company $CLX Shares Bought by Citigroup Inc.

Citigroup Inc. raised its stake in shares of The Clorox Company (NYSE:CLXFree Report) by 15.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 281,837 shares of the company’s stock after acquiring an additional 37,742 shares during the period. Citigroup Inc. owned approximately 0.23% of Clorox worth $34,751,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Center for Financial Planning Inc. acquired a new stake in Clorox in the 3rd quarter valued at approximately $25,000. Total Investment Management Inc. purchased a new position in shares of Clorox during the second quarter worth $25,000. True Wealth Design LLC grew its stake in shares of Clorox by 1,020.0% in the third quarter. True Wealth Design LLC now owns 224 shares of the company’s stock valued at $28,000 after buying an additional 204 shares in the last quarter. NewSquare Capital LLC raised its holdings in shares of Clorox by 567.6% in the 2nd quarter. NewSquare Capital LLC now owns 227 shares of the company’s stock valued at $27,000 after buying an additional 193 shares during the period. Finally, Root Financial Partners LLC acquired a new position in Clorox during the 3rd quarter worth about $29,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on CLX. Evercore dropped their target price on Clorox from $132.00 to $115.00 and set an “underperform” rating for the company in a research report on Wednesday, February 4th. UBS Group lifted their price objective on shares of Clorox from $115.00 to $121.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Jefferies Financial Group cut their target price on shares of Clorox from $152.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Wall Street Zen upgraded shares of Clorox from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Citigroup boosted their price target on shares of Clorox from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $118.73.

Get Our Latest Report on Clorox

Clorox Trading Down 0.1%

NYSE CLX opened at $126.67 on Wednesday. The Clorox Company has a 52 week low of $96.66 and a 52 week high of $159.04. The firm has a 50 day moving average of $110.79 and a two-hundred day moving average of $113.53. The company has a quick ratio of 0.48, a current ratio of 0.74 and a debt-to-equity ratio of 71.03. The stock has a market capitalization of $15.32 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 0.62 and a beta of 0.59.

Clorox (NYSE:CLXGet Free Report) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $1.64 billion. Clorox had a return on equity of 383.01% and a net margin of 11.17%.Clorox’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm posted $1.55 earnings per share. As a group, research analysts expect that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Wednesday, April 22nd will be issued a $1.24 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $4.96 dividend on an annualized basis and a dividend yield of 3.9%. Clorox’s dividend payout ratio is presently 81.05%.

Key Clorox News

Here are the key news stories impacting Clorox this week:

About Clorox

(Free Report)

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.

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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