Whittier Trust Co. Grows Position in The Clorox Company (NYSE:CLX)

Posted by Defense World Staff on Apr 7th, 2023

Whittier Trust Co. boosted its stake in shares of The Clorox Company (NYSE:CLX – Get Rating) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,777 shares of the company’s stock after purchasing an additional 659 shares during the period. Whittier Trust Co.’s holdings in Clorox were worth $670,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Kennon Green & Company LLC purchased a new position in Clorox during the fourth quarter valued at $209,000. Intelligent Financial Strategies purchased a new position in shares of Clorox in the fourth quarter valued at about $36,000. Koshinski Asset Management Inc. lifted its position in shares of Clorox by 23.7% in the fourth quarter. Koshinski Asset Management Inc. now owns 2,710 shares of the company’s stock valued at $380,000 after acquiring an additional 520 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Clorox by 8.1% in the fourth quarter. Empirical Finance LLC now owns 3,269 shares of the company’s stock valued at $459,000 after acquiring an additional 246 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Clorox by 1.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 8,000 shares of the company’s stock valued at $1,123,000 after acquiring an additional 100 shares in the last quarter. 79.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CLX has been the topic of several research analyst reports. Barclays lowered their price objective on Clorox from $110.00 to $108.00 and set an “underweight” rating on the stock in a research report on Monday, February 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on Clorox from $152.00 to $147.00 in a research report on Monday, March 20th. Citigroup initiated coverage on Clorox in a research report on Thursday, February 16th. They issued a “neutral” rating and a $155.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Clorox from $126.00 to $135.00 and gave the company an “underweight” rating in a research report on Friday, January 13th. Finally, Wells Fargo & Company lifted their target price on Clorox from $125.00 to $135.00 and gave the stock an “underweight” rating in a report on Tuesday, January 3rd. Seven equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $142.27.

Clorox Trading Up 0.2 %

Shares of NYSE CLX opened at $157.76 on Friday. The business’s 50 day moving average is $153.03 and its two-hundred day moving average is $145.72. The company has a debt-to-equity ratio of 5.04, a current ratio of 0.86 and a quick ratio of 0.47. The Clorox Company has a 1-year low of $120.50 and a 1-year high of $160.59. The stock has a market capitalization of $19.49 billion, a P/E ratio of 45.07, a PEG ratio of 3.17 and a beta of 0.30.

Clorox (NYSE:CLX – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.32. Clorox had a return on equity of 89.97% and a net margin of 6.16%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, research analysts expect that The Clorox Company will post 4.23 EPS for the current year.

Clorox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Wednesday, April 26th will be paid a dividend of $1.18 per share. The ex-dividend date of this dividend is Tuesday, April 25th. This represents a $4.72 annualized dividend and a yield of 2.99%. Clorox’s payout ratio is currently 134.86%.

Clorox Company Profile

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The Clorox Co engages in the manufacture and marketing of consumer and professional products. It operates through the following business segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment consists of cleaning products, professional products and vitamins, minerals and supplements mainly marketed and sold in the United States.