UniSuper Management Pty Ltd Buys 6,095 Shares of The Clorox Company (NYSE:CLX)

UniSuper Management Pty Ltd lifted its stake in shares of The Clorox Company (NYSE:CLX) by 10.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,812 shares of the company’s stock after acquiring an additional 6,095 shares during the quarter. UniSuper Management Pty Ltd owned approximately 0.05% of Clorox worth $9,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new position in shares of Clorox during the fourth quarter valued at approximately $29,000. Venturi Wealth Management LLC increased its stake in Clorox by 308.5% in the 1st quarter. Venturi Wealth Management LLC now owns 192 shares of the company’s stock worth $29,000 after acquiring an additional 145 shares during the last quarter. Northwest Financial Advisors bought a new position in Clorox in the 4th quarter worth about $29,000. Core Wealth Advisors Inc. purchased a new position in shares of Clorox in the 4th quarter worth about $29,000. Finally, First United Bank & Trust purchased a new position in shares of Clorox in the 4th quarter worth about $31,000. 78.53% of the stock is currently owned by institutional investors.

Clorox Stock Down 0.3 %

Shares of NYSE:CLX traded down $0.46 during trading on Tuesday, hitting $132.57. The company’s stock had a trading volume of 1,075,320 shares, compared to its average volume of 1,235,326. The business has a 50 day moving average price of $133.91 and a two-hundred day moving average price of $142.84. The company has a market capitalization of $16.46 billion, a PE ratio of 68.69, a P/E/G ratio of 2.00 and a beta of 0.39. The company has a debt-to-equity ratio of 9.73, a quick ratio of 0.53 and a current ratio of 0.90. The Clorox Company has a fifty-two week low of $114.68 and a fifty-two week high of $169.14.

Clorox (NYSE:CLX) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.33 by $0.38. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.87 billion. Clorox had a net margin of 3.33% and a return on equity of 302.49%. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.51 earnings per share. As a group, research analysts expect that The Clorox Company will post 5.92 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on CLX. UBS Group dropped their target price on Clorox from $164.00 to $159.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Citigroup reduced their price objective on Clorox from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Barclays reduced their price objective on Clorox from $132.00 to $122.00 and set an “underweight” rating for the company in a research report on Friday. Jefferies Financial Group upgraded Clorox from an “underperform” rating to a “hold” rating and set a $145.00 target price on the stock in a research note on Tuesday, March 26th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $160.00 price target on shares of Clorox in a research note on Tuesday, March 26th. Six research analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. Based on data from MarketBeat.com, Clorox currently has a consensus rating of “Hold” and a consensus target price of $142.13.

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.