The Clorox Company $CLX Shares Sold by TD Asset Management Inc

TD Asset Management Inc decreased its holdings in The Clorox Company (NYSE:CLX) by 45.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 66,874 shares of the company’s stock after selling 56,579 shares during the quarter. TD Asset Management Inc’s holdings in Clorox were worth $8,246,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Mufg Securities Americas Inc. grew its holdings in shares of Clorox by 20.8% in the 3rd quarter. Mufg Securities Americas Inc. now owns 3,299 shares of the company’s stock worth $407,000 after acquiring an additional 567 shares during the last quarter. Compound Planning Inc. acquired a new position in shares of Clorox in the 3rd quarter valued at $246,000. EverSource Wealth Advisors LLC boosted its position in shares of Clorox by 12.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,099 shares of the company’s stock valued at $136,000 after purchasing an additional 122 shares during the period. Sound View Wealth Advisors Group LLC purchased a new position in Clorox in the 3rd quarter worth about $250,000. Finally, Equitable Trust Co. acquired a new stake in Clorox during the 3rd quarter worth about $225,000. Institutional investors own 78.53% of the company’s stock.

Clorox Stock Performance

CLX opened at $126.78 on Tuesday. The company has a debt-to-equity ratio of 71.03, a quick ratio of 0.48 and a current ratio of 0.74. The company has a market cap of $15.33 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 0.63 and a beta of 0.59. The stock has a 50-day moving average of $112.99 and a 200-day moving average of $113.65. The Clorox Company has a 52-week low of $96.66 and a 52-week high of $158.91.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. Clorox had a return on equity of 383.01% and a net margin of 11.17%.Clorox’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 earnings per share. As a group, equities research analysts forecast that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be given a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, April 22nd. Clorox’s payout ratio is currently 81.05%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Clorox from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. JPMorgan Chase & Co. increased their target price on Clorox from $114.00 to $117.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. UBS Group lifted their price target on Clorox from $115.00 to $121.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Wells Fargo & Company set a $125.00 price objective on Clorox in a research report on Tuesday, February 17th. Finally, Weiss Ratings downgraded Clorox from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $118.73.

Clorox Company Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.