November 25, 2016 - By Pete Kolinski · 0 Comments
Clorox Co (NYSE:CLX) institutional sentiment decreased to 0.94 in Q2 2016. Its down -0.04, from 0.98 in 2016Q1. The ratio has dropped, as 305 investment professionals started new and increased holdings, while 312 sold and decreased their positions in Clorox Co. The investment professionals in our partner’s database reported: 87.29 million shares, down from 93.49 million shares in 2016Q1. Also, the number of investment professionals holding Clorox Co in their top 10 holdings decreased from 15 to 13 for a decrease of 2. Sold All: 66 Reduced: 246 Increased: 256 New Position: 49.
The Clorox Company is a manufacturer and marketer of consumer and professional products. The company has a market cap of $14.97 billion. The Firm sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. It has a 23.59 P/E ratio. The Firm operates through four divisions: Cleaning, Household, Lifestyle and International.
About 63,589 shares traded hands. Clorox Co (NYSE:CLX) has declined 5.69% since April 22, 2016 and is downtrending. It has underperformed by 11.10% the S&P500.
Analysts await Clorox Co (NYSE:CLX) to report earnings on February, 2. They expect $1.23 EPS, up 7.89% or $0.09 from last year’s $1.14 per share. CLX’s profit will be $157.32M for 23.80 P/E if the $1.23 EPS becomes a reality. After $1.36 actual EPS reported by Clorox Co for the previous quarter, Wall Street now forecasts -9.56% negative EPS growth.
According to Zacks Investment Research, “Clorox Company’s business operations, represented by the aggregate of its U.S. Household Products and Canada, U.S. Specialty Products and International segments, include the production and marketing of non-durable consumer products sold primarily through grocery and other retail stores.”
Cedar Rock Capital Ltd holds 8.37% of its portfolio in Clorox Co for 2.54 million shares. America First Investment Advisors Llc owns 106,650 shares or 6.16% of their US portfolio. Moreover, Csat Investment Advisory L.P. has 6.12% invested in the company for 21,037 shares. The Texas-based Crossvault Capital Management Llc has invested 3.38% in the stock. Boyar Asset Management Inc., a New York-based fund reported 28,378 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 4 selling transactions for $7.31 million net activity.
Ratings analysis reveals 10% of The Clorox Company’s analysts are positive. Out of 10 Wall Street analysts rating The Clorox Company, 1 give it “Buy”, 4 “Sell” rating, while 5 recommend “Hold”. The lowest target is $92 while the high is $126. The stock’s average target of $117.25 is 0.18% above today’s ($117.04) share price. CLX was included in 19 notes of analysts from August 5, 2015. Sterne Agee CRT initiated the shares of CLX in a report on Tuesday, July 21 with “Buy” rating. The stock has “Neutral” rating given by Atlantic Securities on Tuesday, June 14. The firm has “Buy” rating given on Friday, September 16 by Atlantic Securities. The stock of Clorox Co (NYSE:CLX) earned “Underweight” rating by Barclays Capital on Monday, March 21. RBC Capital Markets maintained Clorox Co (NYSE:CLX) on Tuesday, November 3 with “Sector Perform” rating. As per Friday, February 26, the company rating was downgraded by Sterne Agee CRT. UBS maintained it with “Sell” rating and $105 target price in Tuesday, November 3 report. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, August 5. The firm has “Hold” rating by Deutsche Bank given on Tuesday, November 3. Barclays Capital maintained Clorox Co (NYSE:CLX) on Wednesday, October 7 with “Underweight” rating.
The Clorox Company, incorporated on September 5, 1986, is a maker and marketer of consumer and professional products. The Firm sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Firm operates through four divisions: Cleaning, Household, Lifestyle and International. The Firm markets some of the consumer brand names, including namesake bleach and cleaning products, Pine-Sol cleaners, Liquid-Plumr clog removers, Poett home care products, Fresh Step cat litter, Glad bags, wraps and containers, Kingsford charcoal, Hidden Valley dressings and sauces, Brita water-filtration products and Burt’s Bees natural personal care products. The Firm also markets brands for professional services, including Clorox Healthcare and Clorox Commercial Solutions. The Firm makes products in approximately 10 countries and markets them in over 100 countries.
More important recent Clorox Co (NYSE:CLX) news were published by: Valuewalk.com which released: “Dividend Aristocrats in Focus Part 47: Clorox Co (CLX)” on November 24, 2016, also Prnewswire.com published article titled: “Clorox® and Sickweather Partner to Wipe Out FluFOMO”, Fool.com published: “Is The Clorox Company Stock Too Expensive?” on September 29, 2016. More interesting news about Clorox Co (NYSE:CLX) was released by: Investorplace.com and their article: “Why Clorox Co’s Recent Slide is No Surprise (CLX)” with publication date: November 11, 2016.
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By Pete Kolinski