Warren Averett Asset Management LLC Acquires 37 Shares of Clorox Company (The) (CLX)

Warren Averett Asset Management LLC raised its stake in Clorox Company (The) (NYSE:CLX) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 4,107 shares of the company’s stock after buying an additional 37 shares during the period. Warren Averett Asset Management LLC’s holdings in Clorox Company (The) were worth $547,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Clorox Company (The) by 1,402.2% in the first quarter. BlackRock Inc. now owns 10,390,206 shares of the company’s stock valued at $1,400,912,000 after buying an additional 9,698,542 shares during the last quarter. Parnassus Investments CA purchased a new stake in shares of Clorox Company (The) during the first quarter valued at approximately $434,255,000. Vanguard Group Inc. increased its stake in shares of Clorox Company (The) by 4.8% in the first quarter. Vanguard Group Inc. now owns 14,164,716 shares of the company’s stock valued at $1,909,829,000 after buying an additional 649,766 shares during the last quarter. Morgan Stanley increased its stake in shares of Clorox Company (The) by 31.9% in the first quarter. Morgan Stanley now owns 996,369 shares of the company’s stock valued at $134,342,000 after buying an additional 241,210 shares during the last quarter. Finally, WINTON GROUP Ltd increased its stake in shares of Clorox Company (The) by 762.4% in the first quarter. WINTON GROUP Ltd now owns 228,197 shares of the company’s stock valued at $28,566,000 after buying an additional 201,737 shares during the last quarter. Institutional investors and hedge funds own 70.29% of the company’s stock.

Clorox Company (NYSE CLX) opened at 134.21 on Thursday. The company’s 50-day moving average is $133.88 and its 200 day moving average is $133.46. The stock has a market capitalization of $17.29 billion, a PE ratio of 26.51 and a beta of 0.40. Clorox Company has a 1-year low of $111.24 and a 1-year high of $141.76.

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, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.04. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.65 billion. Clorox Company (The) had a net margin of 11.74% and a return on equity of 190.67%. Clorox Company (The)’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 earnings per share. Equities analysts predict that Clorox Company will post $5.68 earnings per share for the current year.

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Several brokerages have recently commented on CLX. Jefferies Group LLC restated a “hold” rating and set a $137.00 price objective (up from $136.00) on shares of Clorox Company (The) in a research report on Wednesday. Barclays PLC restated an “equal weight” rating and set a $136.00 price objective (down from $140.00) on shares of Clorox Company (The) in a research report on Friday, August 4th. BMO Capital Markets set a $150.00 price objective on shares of Clorox Company (The) and gave the company a “buy” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada restated a “hold” rating and set a $115.00 price objective on shares of Clorox Company (The) in a research report on Wednesday, August 2nd. Finally, BidaskClub upgraded shares of Clorox Company (The) from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $129.05.

Clorox Company (The) Company Profile

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.

Want to see what other hedge funds are holding CLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clorox Company (The) (NYSE:CLX).

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

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