Clorox Company (The) (CLX) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in shares of Clorox Company (The) (NYSE:CLX) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 200,819 shares of the company’s stock after selling 1,299 shares during the period. Principal Financial Group Inc. owned approximately 0.16% of Clorox Company (The) worth $26,490,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CLX. Parkside Financial Bank & Trust increased its holdings in shares of Clorox Company (The) by 3.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 796 shares of the company’s stock worth $107,000 after buying an additional 29 shares during the last quarter. Valley National Advisers Inc. increased its holdings in shares of Clorox Company (The) by 0.6% during the 2nd quarter. Valley National Advisers Inc. now owns 865 shares of the company’s stock worth $115,000 after buying an additional 5 shares during the last quarter. Blue Chip Partners Inc. increased its holdings in shares of Clorox Company (The) by 3.9% during the 2nd quarter. Blue Chip Partners Inc. now owns 941 shares of the company’s stock worth $125,000 after buying an additional 35 shares during the last quarter. Sun Life Financial INC increased its holdings in shares of Clorox Company (The) by 10,344.4% during the 2nd quarter. Sun Life Financial INC now owns 940 shares of the company’s stock worth $125,000 after buying an additional 931 shares during the last quarter. Finally, Acrospire Investment Management LLC acquired a new stake in shares of Clorox Company (The) during the 2nd quarter worth $133,000. Institutional investors and hedge funds own 72.74% of the company’s stock.

In other Clorox Company (The) news, SVP Matthew T. Laszlo sold 20,051 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $130.46, for a total value of $2,615,853.46. Following the completion of the transaction, the senior vice president now directly owns 10,896 shares of the company’s stock, valued at approximately $1,421,492.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jon M. Balousek sold 9,223 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $138.87, for a total transaction of $1,280,798.01. Following the completion of the transaction, the senior vice president now directly owns 20,614 shares of the company’s stock, valued at $2,862,666.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,293 shares of company stock valued at $5,560,303. 1.00% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on CLX shares. BMO Capital Markets restated an “outperform” rating on shares of Clorox Company (The) in a report on Tuesday, September 12th. Royal Bank Of Canada restated a “hold” rating and set a $115.00 price objective on shares of Clorox Company (The) in a report on Sunday, October 8th. Jefferies Group LLC restated a “hold” rating and set a $132.00 price objective on shares of Clorox Company (The) in a report on Wednesday, November 1st. Zacks Investment Research downgraded Clorox Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, BidaskClub downgraded Clorox Company (The) from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $128.72.

Clorox Company (NYSE:CLX) opened at $134.59 on Tuesday. The company has a debt-to-equity ratio of 3.02, a current ratio of 1.10 and a quick ratio of 0.77. The firm has a market cap of $17,380.00, a PE ratio of 24.06, a price-to-earnings-growth ratio of 3.64 and a beta of 0.39. Clorox Company has a 12-month low of $112.28 and a 12-month high of $141.76.

Clorox Company (The) (NYSE:CLX) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.05. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Clorox Company (The) had a net margin of 11.84% and a return on equity of 161.59%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 EPS. equities research analysts predict that Clorox Company will post 5.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Wednesday, January 24th will be given a $0.84 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $3.36 dividend on an annualized basis and a yield of 2.50%. Clorox Company (The)’s payout ratio is currently 61.65%.

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Clorox Company (The) Profile

The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.

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Institutional Ownership by Quarter for Clorox Company (The) (NYSE:CLX)

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