First Nebraska Trust Co Makes New $5.56 Million Investment in The Clorox Company $CLX

First Nebraska Trust Co bought a new stake in shares of The Clorox Company (NYSE:CLX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 58,263 shares of the company’s stock, valued at approximately $5,561,000.

Other hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Clorox by 4.0% during 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 purchasing an additional 514 shares in the last quarter. Woodline Partners LP boosted its position in Clorox by 253.7% during the 1st quarter. Woodline Partners LP now owns 10,407 shares of the company’s stock valued at $1,532,000 after acquiring an additional 7,465 shares in the last quarter. Baird Financial Group Inc. boosted its position in Clorox by 1.7% during the 2nd quarter. Baird Financial Group Inc. now owns 25,032 shares of the company’s stock valued at $3,006,000 after acquiring an additional 424 shares in the last quarter. Jump Financial LLC increased its holdings in shares of Clorox by 173.5% in the 2nd quarter. Jump Financial LLC now owns 12,491 shares of the company’s stock valued at $1,500,000 after acquiring an additional 7,924 shares during the period. Finally, Bank of Nova Scotia increased its holdings in shares of Clorox by 26.2% in the 2nd quarter. Bank of Nova Scotia now owns 16,141 shares of the company’s stock valued at $1,938,000 after acquiring an additional 3,352 shares during the period. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group downgraded Clorox from a “buy” rating to a “hold” rating and dropped their price objective for the company from $125.00 to $98.00 in a research report on Tuesday, July 28th. The Goldman Sachs Group reiterated a “sell” rating and issued a $83.00 target price on shares of Clorox in a report on Friday, May 1st. Barclays reissued an “underweight” rating and set a $84.00 price target on shares of Clorox in a research report on Tuesday, August 4th. Zacks Research downgraded shares of Clorox from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Finally, Citigroup increased their target price on shares of Clorox from $97.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Twelve research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Clorox currently has an average rating of “Reduce” and a consensus price target of $102.40.

Clorox Trading Up 0.9%

Shares of Clorox stock opened at $107.00 on Friday. The firm’s 50 day simple moving average is $98.97 and its two-hundred day simple moving average is $103.14. The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 3.34 and a beta of 0.54. The Clorox Company has a 12-month low of $84.70 and a 12-month high of $128.90. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80.

Clorox (NYSE:CLX) last posted its quarterly earnings data 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 business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the previous year, the firm posted $2.87 earnings per share. The business’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. Analysts predict that The Clorox Company will post 5.8 EPS for the current year.

Clorox Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 4.7%. The ex-dividend date is Wednesday, August 12th. This is a boost from Clorox’s previous quarterly dividend of $1.24. Clorox’s dividend payout ratio (DPR) is presently 103.73%.

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.