Andra AP fonden Sells 229,302 Shares of The Clorox Company $CLX

Andra AP fonden reduced its position in The Clorox Company (NYSE:CLX) by 76.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,757 shares of the company’s stock after selling 229,302 shares during the period. Andra AP fonden owned 0.06% of Clorox worth $8,724,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. lifted its stake in shares of Clorox by 9.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 335,514 shares of the company’s stock valued at $40,285,000 after purchasing an additional 27,639 shares during the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Clorox during the 2nd quarter worth approximately $8,568,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Clorox by 64.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 25,732 shares of the company’s stock worth $3,173,000 after purchasing an additional 10,065 shares during the last quarter. Vise Technologies Inc. bought a new position in Clorox in the 2nd quarter worth about $328,000. Finally, ProShare Advisors LLC increased its holdings in Clorox by 11.7% during the 3rd quarter. ProShare Advisors LLC now owns 1,297,016 shares of the company’s stock worth $159,922,000 after purchasing an additional 136,135 shares during the period. Institutional investors own 78.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CLX. BNP Paribas Exane upgraded Clorox from an “underperform” rating to a “neutral” rating in a report on Wednesday, February 11th. Evercore dropped their price objective on Clorox from $132.00 to $115.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Clorox from $114.00 to $112.00 and set a “hold” rating on the stock in a report on Wednesday, February 4th. The Goldman Sachs Group cut their price target on shares of Clorox from $110.00 to $94.00 and set a “sell” rating on the stock in a research note on Wednesday, January 7th. Finally, Jefferies Financial Group cut their price objective on Clorox from $152.00 to $151.00 and set a “buy” rating on the stock in a report 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 assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $118.73.

Clorox Trading Up 0.3%

Shares of NYSE:CLX opened at $127.28 on Friday. The company has a debt-to-equity ratio of 71.03, a current ratio of 0.74 and a quick ratio of 0.48. The business’s 50 day moving average price is $112.42 and its 200-day moving average price is $113.68. The firm has a market capitalization of $15.39 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 0.63 and a beta of 0.59. The Clorox Company has a 1 year low of $96.66 and a 1 year high of $158.91.

Clorox (NYSE:CLX) last announced its earnings results 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). Clorox had a net margin of 11.17% and a return on equity of 383.01%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business earned $1.55 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts forecast that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

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

About Clorox

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.