United Bank purchased a new position in shares of Clorox Company (The) (NYSE:CLX) during the second quarter, Holdings Channel reports. The institutional investor purchased 1,636 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sei Investments Co. increased its position in shares of Clorox Company (The) by 18.5% in the second quarter. Sei Investments Co. now owns 80,910 shares of the company’s stock worth $10,782,000 after buying an additional 12,627 shares during the last quarter. Gamble Jones Investment Counsel increased its position in shares of Clorox Company (The) by 0.3% in the second quarter. Gamble Jones Investment Counsel now owns 19,153 shares of the company’s stock worth $2,552,000 after buying an additional 65 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Clorox Company (The) by 44.4% in the second quarter. Daiwa Securities Group Inc. now owns 5,200 shares of the company’s stock worth $693,000 after buying an additional 1,600 shares during the last quarter. Speece Thorson Capital Group Inc. increased its position in shares of Clorox Company (The) by 0.5% in the second quarter. Speece Thorson Capital Group Inc. now owns 65,968 shares of the company’s stock worth $8,790,000 after buying an additional 319 shares during the last quarter. Finally, Warren Averett Asset Management LLC increased its position in shares of Clorox Company (The) by 0.9% in the second quarter. Warren Averett Asset Management LLC now owns 4,107 shares of the company’s stock worth $547,000 after buying an additional 37 shares during the last quarter. 70.29% of the stock is owned by institutional investors.

Clorox Company (CLX) opened at 134.31 on Friday. The stock’s 50 day moving average price is $133.58 and its 200 day moving average price is $133.56. Clorox Company has a 52 week low of $111.24 and a 52 week high of $141.76. The firm has a market capitalization of $17.34 billion, a P/E ratio of 25.18 and a beta of 0.40.

Clorox Company (The) (NYSE:CLX) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.04. Clorox Company (The) had a return on equity of 190.67% and a net margin of 11.74%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the firm posted $1.30 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts expect that Clorox Company will post $5.67 EPS for the current year.

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A number of research analysts have issued reports on the company. Jefferies Group LLC reissued a “hold” rating and issued a $137.00 price target (up from $136.00) on shares of Clorox Company (The) in a report on Wednesday. Barclays PLC reissued an “equal weight” rating and issued a $136.00 price target (down from $140.00) on shares of Clorox Company (The) in a report on Friday, August 4th. BMO Capital Markets set a $150.00 price target on Clorox Company (The) and gave the company a “buy” rating in a report on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $115.00 price target on shares of Clorox Company (The) in a report on Wednesday, August 2nd. Finally, BidaskClub raised Clorox Company (The) from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $129.05.

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.

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Institutional Ownership by Quarter for Clorox Company (The) (NYSE:CLX)

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