Destination Wealth Management boosted its holdings in Clorox Company (The) (NYSE:CLX) by 9.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,184 shares of the company’s stock after acquiring an additional 2,959 shares during the quarter. Destination Wealth Management’s holdings in Clorox Company (The) were worth $4,421,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Jacobi Capital Management LLC grew its stake in Clorox Company (The) by 0.3% during the first quarter. Jacobi Capital Management LLC now owns 1,282 shares of the company’s stock worth $172,000 after buying an additional 4 shares during the last quarter. Bridgeworth LLC grew its stake in Clorox Company (The) by 0.3% during the first quarter. Bridgeworth LLC now owns 1,869 shares of the company’s stock worth $252,000 after buying an additional 5 shares during the last quarter. Valley National Advisers Inc. grew its stake in Clorox Company (The) by 0.6% during the first quarter. Valley National Advisers Inc. now owns 860 shares of the company’s stock worth $116,000 after buying an additional 5 shares during the last quarter. Blue Chip Partners Inc. grew its stake in Clorox Company (The) by 0.7% during the first quarter. Blue Chip Partners Inc. now owns 906 shares of the company’s stock worth $122,000 after buying an additional 6 shares during the last quarter. Finally, Bernzott Capital Advisors grew its stake in Clorox Company (The) by 0.4% during the second quarter. Bernzott Capital Advisors now owns 1,607 shares of the company’s stock worth $214,000 after buying an additional 7 shares during the last quarter. 71.28% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $137.00 price objective (up from $136.00) on shares of Clorox Company (The) in a research note on Wednesday, August 9th. BidaskClub raised shares of Clorox Company (The) from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Barclays PLC reaffirmed an “equal weight” rating and set a $136.00 price objective (down from $140.00) on shares of Clorox Company (The) in a research note on Friday, August 4th. BMO Capital Markets set a $150.00 price objective on shares of Clorox Company (The) and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $115.00 price objective on shares of Clorox Company (The) in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $129.05.

In other Clorox Company (The) news, COO Dawn C. Willoughby sold 2,158 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $138.00, for a total transaction of $297,804.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP James E. Foster sold 9,861 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $138.51, for a total transaction of $1,365,847.11. Following the sale, the executive vice president now directly owns 22,069 shares in the company, valued at $3,056,777.19. The disclosure for this sale can be found here. Insiders have sold a total of 21,242 shares of company stock worth $2,944,449 over the last ninety days. 0.74% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: This piece of content was reported by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/15/destination-wealth-management-has-4-42-million-position-in-clorox-company-the-clx.html.

Clorox Company (CLX) traded up 0.3370% during mid-day trading on Friday, hitting $135.1941. 266,061 shares of the stock traded hands. The company has a 50 day moving average price of $135.86 and a 200-day moving average price of $135.24. The stock has a market capitalization of $17.45 billion, a PE ratio of 25.3410 and a beta of 0.40. Clorox Company has a one year low of $111.24 and a one year high of $141.76.

Clorox Company (The) (NYSE:CLX) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.04. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. Clorox Company (The) had a net margin of 11.74% and a return on equity of 190.67%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 EPS. Equities analysts anticipate that Clorox Company will post $5.66 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Wednesday, October 25th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Tuesday, October 24th. Clorox Company (The)’s dividend payout ratio (DPR) is presently 63.04%.

Clorox Company (The) Company Profile

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)

Receive News & Ratings for Clorox Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clorox Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.