Assenagon Asset Management S.A. Sells 20,200 Shares of The Clorox Company (NYSE:CLX)

Assenagon Asset Management S.A. lessened its holdings in The Clorox Company (NYSE:CLXFree Report) by 78.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,526 shares of the company’s stock after selling 20,200 shares during the period. Assenagon Asset Management S.A.’s holdings in Clorox were worth $724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Achmea Investment Management B.V. increased its holdings in shares of Clorox by 123.9% in the third quarter. Achmea Investment Management B.V. now owns 54,302 shares of the company’s stock worth $7,117,000 after purchasing an additional 30,046 shares during the period. NBC Securities Inc. purchased a new stake in shares of Clorox during the third quarter worth about $363,000. HHM Wealth Advisors LLC boosted its holdings in shares of Clorox by 272.7% during the third quarter. HHM Wealth Advisors LLC now owns 410 shares of the company’s stock worth $54,000 after purchasing an additional 300 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Clorox by 21.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 238,260 shares of the company’s stock worth $31,226,000 after buying an additional 42,749 shares in the last quarter. Finally, Liberty One Investment Management LLC raised its stake in Clorox by 3.3% in the third quarter. Liberty One Investment Management LLC now owns 168,301 shares of the company’s stock worth $22,058,000 after buying an additional 5,451 shares in the last quarter. Hedge funds and other institutional investors own 77.98% of the company’s stock.

Analysts Set New Price Targets

CLX has been the subject of a number of analyst reports. Sanford C. Bernstein raised shares of Clorox from an “underperform” rating to a “market perform” rating and set a $120.00 target price for the company in a research note on Thursday, October 12th. JPMorgan Chase & Co. raised their target price on shares of Clorox from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Bank of America raised shares of Clorox from an “underperform” rating to a “neutral” rating and raised their price target for the company from $120.00 to $150.00 in a research report on Friday, December 15th. Barclays raised their price target on shares of Clorox from $115.00 to $118.00 and gave the company an “underweight” rating in a research report on Tuesday, January 16th. Finally, DA Davidson reissued a “neutral” rating and set a $162.00 price target on shares of Clorox in a research report on Monday. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $144.64.

View Our Latest Report on Clorox

Clorox Trading Up 0.2 %

Shares of CLX stock opened at $154.79 on Wednesday. The Clorox Company has a 12-month low of $114.68 and a 12-month high of $178.21. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 11.37. The firm’s 50 day moving average is $143.56 and its 200 day moving average is $141.75. The stock has a market capitalization of $19.21 billion, a P/E ratio of 245.70, a P/E/G ratio of 2.78 and a beta of 0.43.

Clorox (NYSE:CLXGet Free Report) last issued its earnings results on Thursday, February 1st. The company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $1.08. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Clorox had a net margin of 1.09% and a return on equity of 319.41%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $0.98 earnings per share. Research analysts expect that The Clorox Company will post 5.4 earnings per share for the current year.

Clorox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Wednesday, January 24th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Tuesday, January 23rd. Clorox’s dividend payout ratio is presently 761.90%.

Clorox Profile

(Free Report)

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.

Further Reading

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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