Bessemer Group Inc. Has $42.32 Million Position in Clorox Company (The) (NYSE:CLX)

Bessemer Group Inc. reduced its stake in shares of Clorox Company (The) (NYSE:CLX) by 35.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 317,615 shares of the company’s stock after selling 170,963 shares during the period. Bessemer Group Inc.’s holdings in Clorox Company (The) were worth $42,319,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CLX. Oakmont Partners LLC acquired a new stake in Clorox Company (The) during the first quarter valued at approximately $1,052,000. TNB Financial acquired a new stake in Clorox Company (The) during the first quarter valued at approximately $464,000. First PREMIER Bank boosted its stake in Clorox Company (The) by 2.1% in the first quarter. First PREMIER Bank now owns 3,550 shares of the company’s stock valued at $479,000 after buying an additional 74 shares in the last quarter. CrestPoint Capital Management LLC acquired a new stake in Clorox Company (The) during the first quarter valued at approximately $216,000. Finally, Spirit of America Management Corp NY acquired a new stake in Clorox Company (The) during the first quarter valued at approximately $243,000. Hedge funds and other institutional investors own 70.29% of the company’s stock.

Shares of Clorox Company (CLX) opened at 133.94 on Friday. The stock’s 50 day moving average price is $133.72 and its 200 day moving average price is $133.47. The company has a market capitalization of $17.29 billion, a price-to-earnings ratio of 25.11 and a beta of 0.40. Clorox Company has a 1-year low of $111.24 and a 1-year high of $141.76.

Clorox Company (The) (NYSE:CLX) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.04. Clorox Company (The) had a net margin of 11.74% and a return on equity of 190.67%. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the company posted $1.30 EPS. Clorox Company (The)’s revenue was up 2.9% on a year-over-year basis. Analysts expect that Clorox Company will post $5.68 EPS for the current year.

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Several analysts recently commented on the company. Vetr cut Clorox Company (The) from a “buy” rating to a “hold” rating and set a $139.67 target price on the stock. in a research report on Tuesday, April 18th. Jefferies Group LLC assumed coverage on Clorox Company (The) in a research report on Tuesday, April 18th. They issued a “hold” rating and a $138.00 target price on the stock. Royal Bank Of Canada set a $115.00 target price on Clorox Company (The) and gave the company a “hold” rating in a research report on Monday, April 24th. BMO Capital Markets set a $150.00 target price on Clorox Company (The) and gave the company a “buy” rating in a research report on Thursday, August 3rd. Finally, Barclays PLC reiterated an “equal weight” rating and set a $136.00 price target (down from $140.00) on shares of Clorox Company (The) in a research report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $129.05.

Clorox Company (The) Company Profile

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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Institutional Ownership by Quarter for Clorox Company (The) (NYSE:CLX)

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