DoubleLine ETF Adviser LP Sells 181 Shares of The Clorox Company (NYSE:CLX)

DoubleLine ETF Adviser LP lessened its holdings in The Clorox Company (NYSE:CLX) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,149 shares of the company’s stock after selling 181 shares during the period. DoubleLine ETF Adviser LP’s holdings in Clorox were worth $703,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CLX. Van ECK Associates Corp increased its position in Clorox by 1,715.5% in the second quarter. Van ECK Associates Corp now owns 1,461,207 shares of the company’s stock worth $199,411,000 after purchasing an additional 1,380,724 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Clorox during the fourth quarter valued at $144,844,000. Nuance Investments LLC increased its position in Clorox by 150.6% during the second quarter. Nuance Investments LLC now owns 1,597,674 shares of the company’s stock valued at $218,035,000 after acquiring an additional 960,094 shares during the last quarter. Parsifal Capital Management LP bought a new position in Clorox during the fourth quarter valued at $128,245,000. Finally, Confluence Investment Management LLC bought a new position in Clorox during the first quarter valued at $135,630,000. Institutional investors own 78.53% of the company’s stock.

Insider Activity

In other news, EVP Angela C. Hilt sold 1,733 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $165.52, for a total value of $286,846.16. Following the sale, the executive vice president now directly owns 13,471 shares in the company, valued at approximately $2,229,719.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CLX shares. BNP Paribas upgraded shares of Clorox to a “strong sell” rating in a research report on Friday, September 6th. Argus upgraded shares of Clorox to a “hold” rating in a research report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Clorox from $144.00 to $151.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. TD Cowen assumed coverage on shares of Clorox in a research note on Tuesday, July 23rd. They issued a “sell” rating and a $122.00 price target on the stock. Finally, Wells Fargo & Company reduced their price target on shares of Clorox from $135.00 to $130.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Six investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $143.33.

Clorox Stock Down 0.7 %

Shares of Clorox stock opened at $161.91 on Friday. The company has a debt-to-equity ratio of 5.04, a current ratio of 1.03 and a quick ratio of 0.63. The Clorox Company has a 1 year low of $114.68 and a 1 year high of $169.09. The firm’s 50-day moving average is $150.84 and its two-hundred day moving average is $143.96. The stock has a market cap of $20.11 billion, a price-to-earnings ratio of 83.89, a PEG ratio of 3.31 and a beta of 0.40.

Clorox (NYSE:CLX) last issued its earnings results on Thursday, August 1st. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.28. Clorox had a net margin of 3.95% and a return on equity of 281.12%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.97 billion. As a group, research analysts expect that The Clorox Company will post 6.63 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Wednesday, October 23rd will be issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Wednesday, October 23rd. Clorox’s dividend payout ratio is currently 252.85%.

Clorox 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.