UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 26,929 Shares of The Clorox Company $CLX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in The Clorox Company (NYSE:CLX) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,210,527 shares of the company’s stock after selling 26,929 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Clorox were worth $115,533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Caitlin John LLC lifted its position in Clorox by 1,807.1% during the fourth quarter. Caitlin John LLC now owns 267 shares of the company’s stock valued at $27,000 after buying an additional 253 shares during the period. Ancora Advisors LLC bought a new position in shares of Clorox in the 2nd quarter worth about $28,000. Avalon Trust Co bought a new position in shares of Clorox in the 2nd quarter worth about $29,000. Darwin Wealth Management LLC purchased a new position in Clorox during the 2nd quarter valued at about $29,000. Finally, Root Financial Partners LLC grew its holdings in Clorox by 83.8% in the first quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock worth $33,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CLX shares. UBS Group lifted their target price on shares of Clorox from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on Clorox in a research report on Tuesday, August 4th. Evercore set a $99.00 price objective on Clorox in a research note on Tuesday, August 4th. Citigroup increased their target price on Clorox from $97.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Clorox in a report on Friday, July 10th. Twelve research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $102.40.

Clorox Stock Down 2.8%

Clorox stock opened at $94.99 on Wednesday. The stock has a market cap of $11.49 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 3.06 and a beta of 0.56. The company has a debt-to-equity ratio of 15.80, a quick ratio of 0.38 and a current ratio of 0.66. The stock has a fifty day moving average of $100.03 and a 200 day moving average of $102.22. The Clorox Company has a one year low of $84.70 and a one year high of $128.90.

Clorox (NYSE:CLX) last released its quarterly earnings results on Monday, August 3rd. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.64 by $0.02. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the firm earned $2.87 EPS. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, sell-side analysts predict that The Clorox Company will post 5.8 EPS for the current year.

Clorox Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Wednesday, August 12th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 5.3%. This is a positive change from Clorox’s previous quarterly dividend of $1.24. The ex-dividend date was Wednesday, August 12th. Clorox’s dividend payout ratio (DPR) is presently 103.73%.

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.