United Services Automobile Association Reduces Position in Clorox Company (The) (NYSE:CLX)

United Services Automobile Association lowered its stake in Clorox Company (The) (NYSE:CLX) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,698 shares of the company’s stock after selling 184 shares during the period. United Services Automobile Association owned approximately 0.06% of Clorox Company (The) worth $10,206,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Clorox Company (The) by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 411,100 shares of the company’s stock valued at $49,344,000 after buying an additional 2,566 shares during the period. FMR LLC raised its stake in Clorox Company (The) by 8.1% in the fourth quarter. FMR LLC now owns 97,861 shares of the company’s stock valued at $11,746,000 after buying an additional 7,357 shares during the period. Marshall Wace LLP acquired a new stake in Clorox Company (The) during the fourth quarter valued at $669,000. HCR Wealth Advisors acquired a new stake in Clorox Company (The) during the fourth quarter valued at $1,524,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in Clorox Company (The) by 9.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 76,806 shares of the company’s stock valued at $9,234,000 after buying an additional 6,369 shares during the period. 70.72% of the stock is currently owned by institutional investors.

Shares of Clorox Company (CLX) traded up 0.55% during midday trading on Thursday, reaching $134.17. The company’s stock had a trading volume of 990,493 shares. Clorox Company has a 52-week low of $111.24 and a 52-week high of $141.76. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of 26.51 and a beta of 0.40. The stock has a 50-day moving average price of $135.21 and a 200-day moving average price of $132.57.

Clorox Company (The) (NYSE:CLX) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. Clorox Company (The) had a return on equity of 215.99% and a net margin of 11.22%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the company earned $1.21 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts anticipate that Clorox Company will post $5.31 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 4th. Stockholders of record on Wednesday, July 19th will be paid a $0.84 dividend. This is an increase from Clorox Company (The)’s previous quarterly dividend of $0.80. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Monday, July 17th. Clorox Company (The)’s dividend payout ratio (DPR) is 66.27%.

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Several research firms recently weighed in on CLX. UBS AG reaffirmed a “sell” rating and issued a $121.00 price objective (up from $117.00) on shares of Clorox Company (The) in a research note on Friday, May 5th. BidaskClub downgraded Clorox Company (The) from a “sell” rating to a “strong sell” rating in a research report on Monday. Zacks Investment Research upgraded Clorox Company (The) from a “hold” rating to a “buy” rating and set a $149.00 target price for the company in a research report on Tuesday, July 4th. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 target price on shares of Clorox Company (The) in a research report on Friday, June 30th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $137.00 target price (up from $126.00) on shares of Clorox Company (The) in a research report on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $128.48.

About Clorox Company (The)

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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