NGAM Advisors L.P. Acquires 1,869 Shares of Clorox Company (The) (CLX)

NGAM Advisors L.P. boosted its position in Clorox Company (The) (NYSE:CLX) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,263 shares of the company’s stock after buying an additional 1,869 shares during the period. NGAM Advisors L.P.’s holdings in Clorox Company (The) were worth $7,763,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new position in Clorox Company (The) during the first quarter worth $104,000. Quadrant Capital Group LLC increased its position in Clorox Company (The) by 23.0% in the first quarter. Quadrant Capital Group LLC now owns 846 shares of the company’s stock worth $106,000 after buying an additional 158 shares in the last quarter. Valley National Advisers Inc. increased its position in Clorox Company (The) by 0.6% in the first quarter. Valley National Advisers Inc. now owns 860 shares of the company’s stock worth $116,000 after buying an additional 5 shares in the last quarter. Blue Chip Partners Inc. increased its position in Clorox Company (The) by 0.7% in the first quarter. Blue Chip Partners Inc. now owns 906 shares of the company’s stock worth $122,000 after buying an additional 6 shares in the last quarter. Finally, Zions Bancorporation increased its position in Clorox Company (The) by 5.6% in the first quarter. Zions Bancorporation now owns 992 shares of the company’s stock worth $134,000 after buying an additional 53 shares in the last quarter. Institutional investors and hedge funds own 69.83% of the company’s stock.

Clorox Company (NYSE CLX) traded up 0.41% during mid-day trading on Friday, reaching $137.73. The company had a trading volume of 734,445 shares. The company’s 50-day moving average is $133.55 and its 200-day moving average is $134.12. Clorox Company has a one year low of $111.24 and a one year high of $141.76. The stock has a market capitalization of $17.78 billion, a PE ratio of 25.82 and a beta of 0.40.

Clorox Company (The) (NYSE:CLX) last issued its earnings results on Thursday, August 3rd. The company reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.04. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. Clorox Company (The) had a net margin of 11.74% and a return on equity of 190.67%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 EPS. Equities research analysts anticipate that Clorox Company will post $5.67 earnings per share for the current year.

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A number of research firms have weighed in on CLX. UBS AG restated a “sell” rating and issued a $121.00 price target (up from $117.00) on shares of Clorox Company (The) in a research note on Friday, May 5th. Jefferies Group LLC reiterated a “hold” rating and set a $137.00 target price (up from $136.00) on shares of Clorox Company (The) in a research note on Wednesday, August 9th. BidaskClub upgraded Clorox Company (The) from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Royal Bank Of Canada reiterated a “hold” rating and set a $115.00 target price on shares of Clorox Company (The) in a research note on Wednesday, August 2nd. Finally, BMO Capital Markets set a $150.00 target price on Clorox Company (The) and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Clorox Company (The) presently has a consensus rating of “Hold” and a consensus price target 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.

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

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