5,478 Shares in The Clorox Company $CLX Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC purchased a new stake in shares of The Clorox Company (NYSE:CLX) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 5,478 shares of the company’s stock, valued at approximately $523,000.

A number of other large investors also recently bought and sold shares of the stock. Haverford Trust Co boosted its position in Clorox by 2.8% in the 4th quarter. Haverford Trust Co now owns 3,070 shares of the company’s stock worth $310,000 after purchasing an additional 84 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Clorox by 28.2% during the 4th quarter. Golden State Wealth Management LLC now owns 454 shares of the company’s stock valued at $46,000 after purchasing an additional 100 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of Clorox by 1.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 5,957 shares of the company’s stock valued at $617,000 after purchasing an additional 104 shares in the last quarter. Johnson Financial Group Inc. lifted its stake in shares of Clorox by 3.1% in the 3rd quarter. Johnson Financial Group Inc. now owns 3,659 shares of the company’s stock valued at $451,000 after purchasing an additional 109 shares during the period. Finally, State of Wyoming lifted its stake in shares of Clorox by 4.7% in the 2nd quarter. State of Wyoming now owns 2,540 shares of the company’s stock valued at $305,000 after purchasing an additional 113 shares during the period. 78.53% of the stock is owned by institutional investors and hedge funds.

Clorox Stock Up 0.0%

Shares of NYSE CLX opened at $102.57 on Monday. The company’s 50-day simple moving average is $99.83 and its 200-day simple moving average is $102.60. The Clorox Company has a 52-week low of $84.70 and a 52-week high of $128.90. The firm has a market cap of $12.40 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 3.21 and a beta of 0.54. The company has a quick ratio of 0.38, a current ratio of 0.66 and a debt-to-equity ratio of 15.80.

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

Clorox Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This is an increase from Clorox’s previous quarterly dividend of $1.24. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.9%. Clorox’s payout ratio is currently 103.73%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CLX. Evercore set a $99.00 price target on shares of Clorox in a research report on Tuesday, August 4th. Wells Fargo & Company upped their price objective on shares of Clorox from $95.00 to $102.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Wall Street Zen lowered shares of Clorox from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Clorox in a research report on Friday, July 10th. Finally, Barclays restated an “underweight” rating and issued a $84.00 price target on shares of Clorox in a research note on Tuesday, August 4th. Twelve investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $102.40.

Clorox 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.