Kornitzer Capital Management Inc. KS cut its stake in shares of Clorox Company (The) (NYSE:CLX) by 12.3% during the second quarter, Holdings Channel reports. The firm owned 379,153 shares of the company’s stock after selling 53,090 shares during the period. Clorox Company (The) makes up 0.9% of Kornitzer Capital Management Inc. KS’s holdings, making the stock its 19th largest position. Kornitzer Capital Management Inc. KS’s holdings in Clorox Company (The) were worth $50,518,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Clorox Company (The) by 4.8% in the first quarter. Vanguard Group Inc. now owns 14,164,716 shares of the company’s stock worth $1,909,829,000 after buying an additional 649,766 shares during the last quarter. BlackRock Inc. boosted its stake in Clorox Company (The) by 1,402.2% in the first quarter. BlackRock Inc. now owns 10,390,206 shares of the company’s stock worth $1,400,912,000 after buying an additional 9,698,542 shares during the last quarter. State Street Corp boosted its stake in Clorox Company (The) by 2.2% in the first quarter. State Street Corp now owns 7,648,999 shares of the company’s stock worth $1,031,304,000 after buying an additional 167,689 shares during the last quarter. Parnassus Investments CA bought a new stake in Clorox Company (The) during the first quarter worth $434,255,000. Finally, Valueinvest Asset Management S.A. boosted its stake in Clorox Company (The) by 6.9% in the first quarter. Valueinvest Asset Management S.A. now owns 1,580,400 shares of the company’s stock worth $213,085,000 after buying an additional 102,300 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

Clorox Company (NYSE:CLX) opened at 134.21 on Thursday. The stock has a market capitalization of $17.29 billion, a price-to-earnings ratio of 26.51 and a beta of 0.40. Clorox Company has a 52-week low of $111.24 and a 52-week high of $141.76. The company has a 50-day moving average of $133.88 and a 200-day moving average of $133.46.

Clorox Company (The) (NYSE:CLX) last announced its earnings results on Thursday, August 3rd. The company reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.04. Clorox Company (The) had a return on equity of 190.67% and a net margin of 11.74%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the business posted $1.30 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Equities research analysts expect that Clorox Company will post $5.68 EPS for the current year.

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CLX has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Clorox Company (The) from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a report on Tuesday, July 4th. Vetr raised shares of Clorox Company (The) from a “hold” rating to a “buy” rating and set a $139.67 price objective on the stock in a report on Monday, April 24th. BMO Capital Markets reissued a “buy” rating and set a $136.00 price objective on shares of Clorox Company (The) in a report on Thursday, May 4th. Barclays PLC reissued an “equal weight” rating and set a $136.00 price objective (down previously from $140.00) on shares of Clorox Company (The) in a report on Friday, August 4th. Finally, Jefferies Group LLC set a $138.00 price objective on shares of Clorox Company (The) and gave the stock a “hold” rating in a report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $129.05.

About Clorox Company (The)

The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.

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Institutional Ownership by Quarter for Clorox Company (The) (NYSE:CLX)

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