The Clorox Company $CLX Shares Bought by IFP Advisors Inc

IFP Advisors Inc increased its stake in The Clorox Company (NYSE:CLX) by 258.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 8,264 shares of the company’s stock after acquiring an additional 5,956 shares during the period. IFP Advisors Inc’s holdings in Clorox were worth $789,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CLX. Ancora Advisors LLC bought a new stake in Clorox during the second quarter worth approximately $28,000. Avalon Trust Co bought a new position in Clorox during the 2nd quarter valued at $29,000. Markowski Investments acquired a new position in shares of Clorox during the 2nd quarter valued at $30,000. Root Financial Partners LLC increased its position in shares of Clorox by 83.8% during the 1st quarter. Root Financial Partners LLC now owns 318 shares of the company’s stock valued at $33,000 after purchasing an additional 145 shares during the period. Finally, Western Wealth Management LLC bought a new stake in shares of Clorox in the 1st quarter worth $35,000. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CLX shares. Weiss Ratings restated a “hold (c-)” rating on shares of Clorox in a report on Friday, July 10th. BNP Paribas Exane lowered their target price on Clorox from $97.00 to $95.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Jefferies Financial Group cut shares of Clorox from a “buy” rating to a “hold” rating and dropped their price target for the stock from $125.00 to $98.00 in a research report on Tuesday, July 28th. UBS Group reissued a “neutral” rating on shares of Clorox in a report on Friday. Finally, Wells Fargo & Company reduced their price objective on shares of Clorox from $102.00 to $90.00 and set an “equal weight” rating for the company in a research report on Friday. Twelve equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, Clorox has an average rating of “Reduce” and a consensus price target of $101.40.

Clorox Stock Performance

Shares of CLX opened at $89.36 on Tuesday. The Clorox Company has a one year low of $84.70 and a one year high of $128.90. The company has a 50-day moving average of $99.09 and a two-hundred day moving average of $100.11. The stock has a market cap of $10.81 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 2.75 and a beta of 0.56. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38.

Clorox (NYSE:CLX) last released its quarterly earnings results on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.91 billion. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.87 earnings per share. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. On average, equities research analysts expect that The Clorox Company will post 5.8 earnings per share for the current year.

Clorox Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 5.6%. The ex-dividend date was Wednesday, August 12th. This is a positive change from Clorox’s previous quarterly dividend of $1.24. Clorox’s dividend payout ratio is presently 103.73%.

Clorox Company Profile

The Clorox Company (NYSE: CLX) is a consumer products company that develops, manufactures and markets household, health and wellness, and lifestyle products. Its portfolio includes cleaning and disinfecting products, laundry and home-care items, food products, personal-care products, water-filtration systems, charcoal, and cat litter.

Clorox’s brands include Clorox bleach and disinfecting products, Pine-Sol, Fresh Step and Scoop Away, Kingsford, Brita, Burt’s Bees, Hidden Valley, and products marketed under the Glad name.