National Asset Management Inc. Sells 479 Shares of The Clorox Company (NYSE:CLX)

National Asset Management Inc. lowered its stake in shares of The Clorox Company (NYSE:CLX) by 11.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,659 shares of the company’s stock after selling 479 shares during the period. National Asset Management Inc.’s holdings in The Clorox were worth $659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in shares of The Clorox by 25.6% in the first quarter. Envestnet Asset Management Inc. now owns 51,694 shares of the company’s stock valued at $9,971,000 after purchasing an additional 10,544 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of The Clorox by 20.1% during the first quarter. Avantax Advisory Services Inc. now owns 5,728 shares of the company’s stock valued at $1,107,000 after purchasing an additional 957 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of The Clorox by 677.8% in the first quarter. Canada Pension Plan Investment Board now owns 174,767 shares of the company’s stock valued at $33,709,000 after acquiring an additional 152,297 shares in the last quarter. Champlain Investment Partners LLC bought a new stake in shares of The Clorox in the first quarter valued at about $200,453,000. Finally, Sei Investments Co. raised its holdings in The Clorox by 13.1% in the first quarter. Sei Investments Co. now owns 76,423 shares of the company’s stock worth $15,211,000 after purchasing an additional 8,828 shares in the last quarter. 77.77% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on the company. Atlantic Securities lowered The Clorox from an “overweight” rating to a “neutral” rating and set a $150.00 target price on the stock. in a research report on Wednesday, August 4th. Wells Fargo & Company lowered their price objective on The Clorox from $170.00 to $155.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 4th. Royal Bank of Canada reduced their target price on The Clorox from $200.00 to $176.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 4th. Deutsche Bank Aktiengesellschaft reduced their target price on The Clorox from $192.00 to $153.00 and set a “hold” rating for the company in a research note on Wednesday, August 4th. Finally, DA Davidson reduced their target price on The Clorox from $177.00 to $145.00 and set a “neutral” rating for the company in a research note on Wednesday, August 4th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, The Clorox presently has an average rating of “Hold” and an average target price of $182.44.

NYSE CLX opened at $164.78 on Tuesday. The stock has a market cap of $20.24 billion, a PE ratio of 29.74, a P/E/G ratio of 4.37 and a beta of 0.21. The company has a current ratio of 0.89, a quick ratio of 0.52 and a debt-to-equity ratio of 4.20. The Clorox Company has a twelve month low of $159.32 and a twelve month high of $231.11. The stock has a fifty day simple moving average of $172.11 and a 200-day simple moving average of $179.69.

The Clorox (NYSE:CLX) last released its quarterly earnings results on Tuesday, August 3rd. The company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.34). The business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.91 billion. The Clorox had a return on equity of 94.42% and a net margin of 9.67%. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.41 earnings per share. Research analysts predict that The Clorox Company will post 5.54 EPS for the current year.

The Clorox Profile

The Clorox Co engages in the manufacture and marketing of consumer and professional products. It operates through the following business segments: Cleaning, Lifestyle, Household, and International. The Cleaning segment consists of laundry, home care, and professional products marketed and sold in the United States.

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

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