Wellington Management Group LLP Decreases Stock Holdings in The Clorox Company (NYSE:CLX)

Wellington Management Group LLP lowered its holdings in The Clorox Company (NYSE:CLX) by 69.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,428 shares of the company’s stock after selling 7,703 shares during the period. Wellington Management Group LLP’s holdings in Clorox were worth $558,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Insight Folios Inc increased its holdings in Clorox by 3.0% in the 3rd quarter. Insight Folios Inc now owns 2,195 shares of the company’s stock valued at $358,000 after purchasing an additional 63 shares in the last quarter. Fiduciary Group LLC grew its stake in shares of Clorox by 0.4% in the second quarter. Fiduciary Group LLC now owns 19,050 shares of the company’s stock valued at $2,600,000 after buying an additional 72 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Clorox by 2.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 3,634 shares of the company’s stock valued at $496,000 after buying an additional 72 shares during the period. SPC Financial Inc. lifted its position in Clorox by 2.2% during the 2nd quarter. SPC Financial Inc. now owns 3,485 shares of the company’s stock worth $476,000 after acquiring an additional 75 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Clorox by 17.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 510 shares of the company’s stock worth $83,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 78.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CLX. StockNews.com upgraded shares of Clorox from a “hold” rating to a “buy” rating in a research note on Wednesday. Citigroup boosted their price objective on shares of Clorox from $165.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. JPMorgan Chase & Co. raised their target price on Clorox from $148.00 to $174.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Evercore ISI cut their price target on Clorox from $140.00 to $139.00 and set an “underperform” rating on the stock in a research note on Monday, October 14th. Finally, BNP Paribas raised Clorox to a “strong sell” rating in a report on Friday, September 6th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $155.38.

Clorox Stock Performance

Shares of CLX opened at $164.44 on Friday. The stock has a market capitalization of $20.35 billion, a PE ratio of 57.30, a price-to-earnings-growth ratio of 3.04 and a beta of 0.42. The business’s fifty day moving average price is $164.16 and its 200 day moving average price is $152.71. The company has a debt-to-equity ratio of 11.08, a current ratio of 1.00 and a quick ratio of 0.62. The Clorox Company has a 12-month low of $127.60 and a 12-month high of $171.37.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.36 by $0.50. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. Clorox had a net margin of 4.78% and a return on equity of 316.08%. The company’s quarterly revenue was up 27.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. Equities research analysts forecast that The Clorox Company will post 6.85 EPS for the current year.

Clorox Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 29th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Wednesday, January 29th. Clorox’s payout ratio is 170.03%.

About Clorox

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.