Arrow Financial Corp Sells 100 Shares of The Clorox Company (NYSE:CLX)

Arrow Financial Corp decreased its holdings in shares of The Clorox Company (NYSE:CLX) by 16.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 497 shares of the company’s stock after selling 100 shares during the period. Arrow Financial Corp’s holdings in Clorox were worth $68,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CLX. Venturi Wealth Management LLC boosted its position in shares of Clorox by 308.5% during the 1st quarter. Venturi Wealth Management LLC now owns 192 shares of the company’s stock valued at $29,000 after purchasing an additional 145 shares in the last quarter. Northwest Financial Advisors bought a new stake in shares of Clorox during the 4th quarter valued at about $29,000. Core Wealth Advisors Inc. bought a new stake in shares of Clorox during the 4th quarter valued at about $29,000. Innealta Capital LLC bought a new stake in shares of Clorox during the 2nd quarter valued at about $30,000. Finally, First United Bank & Trust bought a new position in Clorox in the fourth quarter worth approximately $31,000. Institutional investors own 78.53% of the company’s stock.

Clorox Stock Up 0.7 %

CLX stock opened at $158.32 on Friday. The stock has a market cap of $19.66 billion, a P/E ratio of 82.03, a P/E/G ratio of 1.97 and a beta of 0.39. The company has a current ratio of 0.90, a quick ratio of 0.53 and a debt-to-equity ratio of 9.73. The stock’s fifty day simple moving average is $139.81 and its two-hundred day simple moving average is $142.52. The Clorox Company has a 1-year low of $114.68 and a 1-year high of $159.05.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.28. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.97 billion. Clorox had a net margin of 3.95% and a return on equity of 382.58%. Analysts expect that The Clorox Company will post 6.4 EPS for the current year.

Clorox Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were given a dividend of $1.22 per share. This is an increase from Clorox’s previous quarterly dividend of $1.20. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Tuesday, August 13th. Clorox’s dividend payout ratio is currently 252.85%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CLX. TD Cowen began coverage on Clorox in a report on Tuesday, July 23rd. They issued a “sell” rating and a $122.00 price target on the stock. DA Davidson cut their price target on Clorox from $162.00 to $153.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. BNP Paribas began coverage on Clorox in a report on Monday, June 24th. They issued an “underperform” rating and a $130.00 price target on the stock. Wells Fargo & Company cut their price target on Clorox from $135.00 to $130.00 and set an “underweight” rating on the stock in a report on Wednesday, July 10th. Finally, Argus upgraded Clorox to a “hold” rating in a report on Tuesday, June 4th. Six equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $143.19.

Clorox Company Profile

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.