Norway Savings Bank Grows Stock Holdings in The Clorox Company (NYSE:CLX)

Norway Savings Bank boosted its holdings in shares of The Clorox Company (NYSE:CLX) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,391 shares of the company’s stock after acquiring an additional 165 shares during the period. Norway Savings Bank’s holdings in Clorox were worth $727,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Willis Johnson & Associates Inc. raised its position in Clorox by 4.5% during the second quarter. Willis Johnson & Associates Inc. now owns 1,302 shares of the company’s stock worth $234,000 after acquiring an additional 56 shares during the last quarter. Newfound Research LLC raised its position in shares of Clorox by 15.6% in the second quarter. Newfound Research LLC now owns 453 shares of the company’s stock valued at $81,000 after buying an additional 61 shares during the last quarter. United Asset Strategies Inc. raised its position in shares of Clorox by 2.5% in the second quarter. United Asset Strategies Inc. now owns 2,698 shares of the company’s stock valued at $485,000 after buying an additional 65 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Clorox by 0.8% in the second quarter. Bessemer Group Inc. now owns 8,472 shares of the company’s stock valued at $1,524,000 after buying an additional 65 shares during the last quarter. Finally, TrinityPoint Wealth LLC raised its position in shares of Clorox by 2.7% in the second quarter. TrinityPoint Wealth LLC now owns 2,506 shares of the company’s stock valued at $451,000 after buying an additional 65 shares during the last quarter. Institutional investors own 76.61% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. Citigroup cut their price objective on shares of Clorox from $219.00 to $194.00 and set a “buy” rating for the company in a research report on Wednesday, August 4th. Barclays cut their price objective on shares of Clorox from $138.00 to $131.00 and set an “underweight” rating for the company in a research report on Wednesday, November 3rd. Zacks Investment Research lowered shares of Clorox from a “hold” rating to a “strong sell” rating and set a $139.00 price target for the company. in a research report on Friday, August 6th. Royal Bank of Canada dropped their price target on shares of Clorox from $200.00 to $176.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 4th. Finally, Morgan Stanley dropped their price target on shares of Clorox from $160.00 to $154.00 and set an “underweight” rating for the company in a research report on Wednesday, October 13th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $179.22.

In other Clorox news, SVP Diego J. Barral sold 240 shares of the stock in a transaction on Tuesday, November 16th. The shares were sold at an average price of $170.00, for a total transaction of $40,800.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.58% of the stock is currently owned by corporate insiders.

CLX opened at $168.07 on Thursday. The stock has a market capitalization of $20.65 billion, a PE ratio of 48.58, a P/E/G ratio of 4.37 and a beta of 0.18. The firm’s fifty day moving average price is $164.25 and its 200 day moving average price is $171.52. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.69 and a quick ratio of 0.39. The Clorox Company has a 12-month low of $156.23 and a 12-month high of $231.11.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Sunday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.18. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Clorox had a net margin of 6.04% and a return on equity of 84.70%. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.22 earnings per share. On average, equities research analysts forecast that The Clorox Company will post 5.46 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 11th. Shareholders of record on Wednesday, January 26th will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Tuesday, January 25th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.76%. Clorox’s dividend payout ratio (DPR) is 134.10%.

Clorox Company Profile

The Clorox Co engages in the manufacture and marketing of consumer and professional products. It operates through the following business segments: Cleaning, Lifestyle, Household, and International. The Cleaning segment consists of laundry, home care, and professional products marketed and sold in the United States.

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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