The Clorox Company (NYSE:CLX) Shares Acquired by Sunbelt Securities Inc.

Sunbelt Securities Inc. boosted its holdings in The Clorox Company (NYSE:CLX) by 19.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,355 shares of the company’s stock after acquiring an additional 382 shares during the period. Sunbelt Securities Inc.’s holdings in Clorox were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CLX. Northwest Financial Advisors acquired a new stake in shares of Clorox in the fourth quarter valued at approximately $29,000. Core Wealth Advisors Inc. purchased a new position in Clorox during the fourth quarter worth $29,000. Fortitude Family Office LLC acquired a new position in shares of Clorox in the fourth quarter worth $29,000. First United Bank & Trust purchased a new stake in shares of Clorox in the fourth quarter valued at $31,000. Finally, Tyler Stone Wealth Management boosted its stake in shares of Clorox by 64.5% during the third quarter. Tyler Stone Wealth Management now owns 255 shares of the company’s stock valued at $33,000 after acquiring an additional 100 shares during the last quarter. 78.53% of the stock is currently owned by hedge funds and other institutional investors.

Clorox Trading Up 0.9 %

Shares of CLX stock opened at $136.55 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.90 and a debt-to-equity ratio of 9.73. The Clorox Company has a fifty-two week low of $114.68 and a fifty-two week high of $169.14. The firm’s 50 day moving average price is $137.23 and its two-hundred day moving average price is $143.86. The stock has a market cap of $16.96 billion, a price-to-earnings ratio of 70.75, a price-to-earnings-growth ratio of 2.15 and a beta of 0.39.

Clorox (NYSE:CLX) last posted its earnings results on Tuesday, April 30th. The company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.38. Clorox had a net margin of 3.33% and a return on equity of 302.49%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business posted $1.51 EPS. The business’s quarterly revenue was down 5.3% on a year-over-year basis. On average, analysts anticipate that The Clorox Company will post 5.91 EPS for the current year.

Wall Street Analysts Forecast Growth

CLX has been the subject of several analyst reports. Argus raised shares of Clorox to a “hold” rating in a research note on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Clorox from $155.00 to $151.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. UBS Group decreased their target price on shares of Clorox from $164.00 to $159.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Wells Fargo & Company cut their price target on Clorox from $140.00 to $135.00 and set an “underweight” rating for the company in a report on Thursday, May 2nd. Finally, The Goldman Sachs Group assumed coverage on Clorox in a report on Friday, March 1st. They set a “sell” rating and a $140.00 price objective on the stock. Five research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $145.33.

Clorox Company Profile

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.