Webster Bank N. A. Has $2.24 Million Stake in Clorox Company (The) (NYSE:CLX)

Webster Bank N. A. raised its position in Clorox Company (The) (NYSE:CLX) by 874.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,788 shares of the company’s stock after buying an additional 15,065 shares during the period. Webster Bank N. A.’s holdings in Clorox Company (The) were worth $2,237,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Clorox Company (The) by 4.8% in the first quarter. Vanguard Group Inc. now owns 14,164,716 shares of the company’s stock worth $1,909,829,000 after buying an additional 649,766 shares during the period. BlackRock Inc. boosted its stake in shares of Clorox Company (The) by 1,402.2% in the first quarter. BlackRock Inc. now owns 10,390,206 shares of the company’s stock worth $1,400,912,000 after buying an additional 9,698,542 shares during the period. State Street Corp boosted its stake in Clorox Company (The) by 2.2% in the first quarter. State Street Corp now owns 7,648,999 shares of the company’s stock worth $1,031,304,000 after buying an additional 167,689 shares during the period. Parnassus Investments CA purchased a new stake in Clorox Company (The) during the first quarter worth $434,255,000. Finally, Valueinvest Asset Management S.A. boosted its stake in Clorox Company (The) by 6.9% in the first quarter. Valueinvest Asset Management S.A. now owns 1,580,400 shares of the company’s stock worth $213,085,000 after buying an additional 102,300 shares during the period. 69.83% of the stock is currently owned by institutional investors.

Clorox Company (NYSE:CLX) opened at 137.73 on Friday. The company has a market cap of $17.78 billion, a price-to-earnings ratio of 25.82 and a beta of 0.40. The company has a 50-day moving average of $133.55 and a 200-day moving average of $134.12. Clorox Company has a 12 month low of $111.24 and a 12 month high of $141.76.

Clorox Company (The) (NYSE:CLX) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.04. Clorox Company (The) had a return on equity of 190.67% and a net margin of 11.74%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the firm earned $1.30 EPS. Clorox Company (The)’s quarterly revenue was up 2.9% compared to the same quarter last year. Analysts predict that Clorox Company will post $5.67 EPS for the current year.

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A number of research firms recently weighed in on CLX. UBS AG reaffirmed a “sell” rating and issued a $121.00 price objective (up previously from $117.00) on shares of Clorox Company (The) in a report on Friday, May 5th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $137.00 price objective (up previously from $136.00) on shares of Clorox Company (The) in a report on Wednesday, August 9th. Royal Bank Of Canada set a $115.00 price objective on shares of Clorox Company (The) and gave the stock a “hold” rating in a report on Monday, April 24th. BidaskClub raised shares of Clorox Company (The) from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $136.00 price objective (down previously from $140.00) on shares of Clorox Company (The) in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $129.05.

About Clorox Company (The)

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.

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

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