Bridgefront Capital LLC Trims Stock Holdings in The Clorox Company $CLX

Bridgefront Capital LLC reduced its holdings in shares of The Clorox Company (NYSE:CLX) by 69.6% in the third quarter, Holdings Channel.com reports. The fund owned 4,070 shares of the company’s stock after selling 9,302 shares during the quarter. Bridgefront Capital LLC’s holdings in Clorox were worth $502,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Bank of America Corp DE lifted its position in shares of Clorox by 31.2% during the third quarter. Bank of America Corp DE now owns 1,465,446 shares of the company’s stock worth $180,689,000 after purchasing an additional 348,292 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of Clorox by 78.4% during the third quarter. Bank of Nova Scotia now owns 28,790 shares of the company’s stock valued at $3,550,000 after purchasing an additional 12,649 shares during the period. Anchor Investment Management LLC grew its holdings in shares of Clorox by 5.4% in the third quarter. Anchor Investment Management LLC now owns 9,467 shares of the company’s stock worth $1,167,000 after purchasing an additional 488 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in Clorox in the 3rd quarter worth about $5,512,000. Finally, Alliancebernstein L.P. increased its stake in Clorox by 13.0% in the 3rd quarter. Alliancebernstein L.P. now owns 182,609 shares of the company’s stock worth $22,516,000 after buying an additional 20,970 shares during the period. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CLX shares. TD Cowen boosted their price objective on shares of Clorox from $108.00 to $111.00 and gave the company a “hold” rating in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Clorox from $114.00 to $112.00 and set a “hold” rating on the stock in a research report on Wednesday, February 4th. The Goldman Sachs Group decreased their price target on shares of Clorox from $110.00 to $94.00 and set a “sell” rating for the company in a research note on Wednesday, January 7th. Jefferies Financial Group lowered their price target on Clorox from $152.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. raised their price objective on Clorox from $114.00 to $117.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Clorox currently has a consensus rating of “Reduce” and an average target price of $118.73.

Clorox Trading Up 1.3%

NYSE CLX opened at $112.09 on Tuesday. The company has a debt-to-equity ratio of 71.03, a quick ratio of 0.48 and a current ratio of 0.74. The company has a market capitalization of $13.55 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 0.55 and a beta of 0.59. The company’s 50-day simple moving average is $115.87 and its two-hundred day simple moving average is $113.25. The Clorox Company has a one year low of $96.66 and a one year high of $150.84.

Clorox (NYSE:CLX) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.04). Clorox had a return on equity of 383.01% and a net margin of 11.17%.The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the company posted $1.55 EPS. Clorox’s revenue for the quarter was down .8% on a year-over-year basis. Equities analysts forecast that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Wednesday, April 22nd will be paid a $1.24 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.96 dividend on an annualized basis and a yield of 4.4%. Clorox’s payout ratio is 81.05%.

Clorox Company Profile

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.