Wedbush Securities Inc. Decreases Holdings in Clorox Company (The) (CLX)

Wedbush Securities Inc. decreased its position in Clorox Company (The) (NYSE:CLX) by 7.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,059 shares of the company’s stock after selling 495 shares during the quarter. Wedbush Securities Inc.’s holdings in Clorox Company (The) were worth $799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CLX. American Beacon Advisors Inc. bought a new position in Clorox Company (The) in the first quarter worth $104,000. Parkside Financial Bank & Trust raised its holdings in Clorox Company (The) by 3.8% in the second quarter. Parkside Financial Bank & Trust now owns 796 shares of the company’s stock worth $107,000 after purchasing an additional 29 shares in the last quarter. Valley National Advisers Inc. raised its holdings in Clorox Company (The) by 0.6% in the second quarter. Valley National Advisers Inc. now owns 865 shares of the company’s stock worth $115,000 after purchasing an additional 5 shares in the last quarter. Blue Chip Partners Inc. raised its holdings in Clorox Company (The) by 3.9% in the second quarter. Blue Chip Partners Inc. now owns 941 shares of the company’s stock worth $125,000 after purchasing an additional 35 shares in the last quarter. Finally, Sun Life Financial INC raised its holdings in Clorox Company (The) by 10,344.4% in the second quarter. Sun Life Financial INC now owns 940 shares of the company’s stock worth $125,000 after purchasing an additional 931 shares in the last quarter. Institutional investors and hedge funds own 71.56% of the company’s stock.

In related news, SVP Jon M. Balousek sold 9,223 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $138.87, for a total transaction of $1,280,798.01. Following the sale, the senior vice president now directly owns 20,614 shares of the company’s stock, valued at $2,862,666.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP James E. Foster sold 9,861 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $138.51, for a total value of $1,365,847.11. Following the sale, the executive vice president now directly owns 22,069 shares in the company, valued at $3,056,777.19. The disclosure for this sale can be found here. Insiders have sold 21,242 shares of company stock worth $2,944,449 over the last ninety days. 1.00% of the stock is currently owned by insiders.

A number of research firms have issued reports on CLX. BMO Capital Markets reiterated an “outperform” rating on shares of Clorox Company (The) in a report on Tuesday, September 12th. Jefferies Group LLC reiterated 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. Barclays PLC reiterated 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. BidaskClub upgraded Clorox Company (The) from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 price objective on shares of Clorox Company (The) in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $128.72.

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Clorox Company (NYSE CLX) traded up $0.09 during midday trading on Friday, hitting $128.11. The stock had a trading volume of 1,084,436 shares, compared to its average volume of 1,120,000. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.58 and a current ratio of 1.10. Clorox Company has a 52-week low of $111.24 and a 52-week high of $141.76. The stock has a market capitalization of $16.52 billion, a PE ratio of 23.29, a P/E/G ratio of 3.53 and a beta of 0.39.

Clorox Company (The) (NYSE:CLX) last released its quarterly earnings data on Wednesday, November 1st. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.41 by $0.05. Clorox Company (The) had a return on equity of 161.59% and a net margin of 11.84%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm posted $1.36 earnings per share. Clorox Company (The)’s revenue was up 4.0% compared to the same quarter last year. equities research analysts expect that Clorox Company will post 5.58 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Wednesday, October 25th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $3.36 annualized dividend and a dividend yield of 2.62%. Clorox Company (The)’s dividend payout ratio (DPR) is presently 61.65%.

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.

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

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