BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of The Clorox Company (NYSE:CLX) by 12.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 23,245 shares of the company’s stock after purchasing an additional 2,598 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in The Clorox were worth $4,182,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stonebridge Capital Advisors LLC bought a new position in shares of The Clorox during the 1st quarter valued at approximately $27,000. Bogart Wealth LLC grew its position in The Clorox by 73.1% in the 2nd quarter. Bogart Wealth LLC now owns 180 shares of the company’s stock valued at $32,000 after acquiring an additional 76 shares during the last quarter. Sage Financial Management Group Inc. bought a new position in The Clorox in the 1st quarter valued at $39,000. Harbour Investments Inc. bought a new position in The Clorox in the 1st quarter valued at $40,000. Finally, E Fund Management Co. Ltd. bought a new position in The Clorox in the 1st quarter valued at $43,000. 77.77% of the stock is currently owned by hedge funds and other institutional investors.
CLX has been the topic of a number of recent research reports. Atlantic Securities downgraded The Clorox from an “overweight” rating to a “neutral” rating and set a $150.00 price target on the stock. in a research report on Wednesday, August 4th. Deutsche Bank Aktiengesellschaft dropped their price target on The Clorox from $192.00 to $153.00 and set a “hold” rating on the stock in a research report on Wednesday, August 4th. Citigroup dropped their price target on The Clorox from $219.00 to $194.00 and set a “buy” rating on the stock in a research report on Wednesday, August 4th. Royal Bank of Canada dropped their price target on The Clorox from $200.00 to $176.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 4th. Finally, Credit Suisse Group dropped their price target on The Clorox from $175.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 4th. Five 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $182.44.
The Clorox (NYSE:CLX) last posted its earnings results on Tuesday, August 3rd. The company reported $0.95 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.34). The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.91 billion. The Clorox had a return on equity of 94.42% and a net margin of 9.67%. The firm’s revenue was down 9.1% on a year-over-year basis. During the same period last year, the business earned $2.41 earnings per share. Equities analysts expect that The Clorox Company will post 5.54 EPS for the current year.
The 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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