The Clorox Company $CLX Stock: Prime Capital Investment Advisors LLC Trims Position

Prime Capital Investment Advisors LLC lowered its stake in shares of The Clorox Company (NYSE:CLX) by 94.3% during the third quarter, Holdings Channel reports. The fund owned 2,714 shares of the company’s stock after selling 45,240 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Clorox were worth $220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Clorox in the third quarter valued at approximately $26,000. Ancora Advisors LLC purchased a new position in shares of Clorox during the second quarter valued at approximately $28,000. Avalon Trust Co purchased a new position in shares of Clorox during the second quarter valued at approximately $29,000. Markowski Investments acquired a new stake in Clorox during the second quarter worth approximately $30,000. Finally, Root Financial Partners LLC boosted its position in Clorox by 83.8% during the first quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock worth $33,000 after acquiring an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Wall Street Analyst Weigh In

CLX has been the subject of several recent analyst reports. Morgan Stanley lowered their target price on shares of Clorox from $97.00 to $87.00 and set an “equal weight” rating for the company in a research note on Thursday, October 15th. TD Cowen reduced their price target on Clorox from $85.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, October 13th. Wall Street Zen cut Clorox from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Citigroup decreased their price objective on Clorox from $97.00 to $90.00 and set a “neutral” rating on the stock in a report on Wednesday, October 14th. Finally, Jefferies Financial Group downgraded Clorox from a “buy” rating to a “hold” rating and lowered their price objective for the company from $125.00 to $98.00 in a research report on Tuesday, July 28th. Twelve equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Clorox presently has a consensus rating of “Reduce” and a consensus target price of $93.57.

Clorox Trading Up 0.4%

Shares of CLX stock opened at $86.78 on Tuesday. The firm has a market cap of $10.50 billion, a P/E ratio of 18.00, a PEG ratio of 2.89 and a beta of 0.59. The Clorox Company has a 1-year low of $79.12 and a 1-year high of $128.90. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38. The firm’s 50-day simple moving average is $90.49 and its 200-day simple moving average is $100.42.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.66 EPS for the quarter, topping 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 business posted $2.87 earnings per share. Clorox’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, equities analysts forecast that The Clorox Company will post 5.66 EPS for the current year.

Clorox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Wednesday, October 28th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Wednesday, October 28th. Clorox’s dividend payout ratio is 103.73%.

Clorox Profile

The Clorox Company, founded in 1913 and headquartered in Oakland, California, is a consumer and professional products company. It began with household bleach and has expanded into a portfolio of brands serving cleaning, household, personal care, food, and professional markets.

Its brands include Clorox disinfecting and cleaning products, Pine-Sol cleaners, Liquid-Plumr drain care, Kingsford charcoal, Fresh Step and Scoop Away cat litter, Hidden Valley dressings and dips, Brita water filtration products, and Burt’s Bees personal care items.