US Bancorp DE Sells 8,536 Shares of The Clorox Company $CLX

US Bancorp DE lowered its position in The Clorox Company (NYSE:CLX) by 6.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,137 shares of the company’s stock after selling 8,536 shares during the period. US Bancorp DE’s holdings in Clorox were worth $14,936,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Clorox by 4.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,380 shares of the company’s stock valued at $1,970,000 after acquiring an additional 514 shares in the last quarter. Woodline Partners LP boosted its position in Clorox by 253.7% in the first quarter. Woodline Partners LP now owns 10,407 shares of the company’s stock worth $1,532,000 after purchasing an additional 7,465 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Clorox by 5.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 317,707 shares of the company’s stock valued at $38,147,000 after purchasing an additional 16,293 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Clorox by 19.3% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,729 shares of the company’s stock worth $1,408,000 after purchasing an additional 1,900 shares during the period. Finally, New York Life Investment Management LLC boosted its holdings in shares of Clorox by 1.3% in the 2nd quarter. New York Life Investment Management LLC now owns 18,470 shares of the company’s stock worth $2,218,000 after buying an additional 234 shares during the last quarter. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Royal Bank Of Canada set a $132.00 price objective on shares of Clorox in a report on Wednesday, February 4th. Rothschild & Co Redburn set a $117.00 price target on shares of Clorox in a research note on Friday, February 13th. The Goldman Sachs Group lowered their price target on shares of Clorox from $110.00 to $94.00 and set a “sell” rating on the stock in a report on Wednesday, January 7th. Morgan Stanley increased their price objective on Clorox from $125.00 to $136.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. Finally, TD Cowen raised their target price on Clorox from $108.00 to $111.00 and gave the stock a “hold” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Clorox has an average rating of “Reduce” and a consensus price target of $118.73.

Clorox Stock Up 0.3%

CLX opened at $127.28 on Friday. The Clorox Company has a 12 month low of $96.66 and a 12 month high of $158.91. The company has a market cap of $15.39 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 0.63 and a beta of 0.59. The company has a current ratio of 0.74, a quick ratio of 0.48 and a debt-to-equity ratio of 71.03. The company has a 50 day moving average of $112.42 and a 200 day moving average of $113.68.

Clorox (NYSE:CLX) last issued its earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). Clorox had a net margin of 11.17% and a return on equity of 383.01%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm earned $1.55 EPS. The company’s revenue was down .8% compared to the same quarter last year. On average, sell-side analysts expect that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be paid a $1.24 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $4.96 annualized dividend and a yield of 3.9%. Clorox’s dividend payout ratio (DPR) is currently 81.05%.

About Clorox

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.