PNC Financial Services Group Inc. Sells 2,052 Shares of The Clorox Company (NYSE:CLX)

PNC Financial Services Group Inc. cut its position in The Clorox Company (NYSE:CLX - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,171 shares of the company's stock after selling 2,052 shares during the period. PNC Financial Services Group Inc. owned 0.08% of Clorox worth $15,944,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Aviance Capital Partners LLC boosted its stake in Clorox by 3.2% during the 4th quarter. Aviance Capital Partners LLC now owns 3,180 shares of the company's stock valued at $516,000 after purchasing an additional 100 shares during the last quarter. Andra AP fonden boosted its stake in Clorox by 72.2% during the 4th quarter. Andra AP fonden now owns 121,200 shares of the company's stock valued at $19,684,000 after purchasing an additional 50,800 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in shares of Clorox in the 4th quarter worth approximately $1,048,000. Ashton Thomas Private Wealth LLC raised its holdings in shares of Clorox by 7.4% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 7,234 shares of the company's stock worth $1,175,000 after purchasing an additional 496 shares during the period. Finally, Callan Family Office LLC bought a new stake in shares of Clorox in the 4th quarter worth approximately $242,000. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CLX has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of Clorox from $171.00 to $173.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Wells Fargo & Company boosted their target price on shares of Clorox from $157.00 to $161.00 and gave the company an "equal weight" rating in a report on Tuesday, February 4th. Barclays boosted their target price on shares of Clorox from $130.00 to $140.00 and gave the company an "underweight" rating in a report on Wednesday, February 5th. Evercore ISI boosted their target price on shares of Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. Finally, DA Davidson reduced their price target on shares of Clorox from $171.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Clorox presently has a consensus rating of "Hold" and a consensus price target of $159.62.

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Clorox Trading Down 0.5 %

NYSE CLX traded down $0.71 during trading on Thursday, hitting $146.79. 1,395,582 shares of the company's stock traded hands, compared to its average volume of 1,221,298. The stock has a fifty day moving average of $154.51 and a two-hundred day moving average of $160.23. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60. The Clorox Company has a 12-month low of $127.60 and a 12-month high of $171.37. The firm has a market cap of $18.08 billion, a P/E ratio of 40.11, a PEG ratio of 2.62 and a beta of 0.45.

Clorox (NYSE:CLX - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.39 by $0.16. Clorox had a net margin of 6.38% and a return on equity of 316.87%. During the same quarter in the prior year, the business earned $2.16 earnings per share. As a group, sell-side analysts expect that The Clorox Company will post 7.15 EPS for the current year.

Clorox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox's dividend payout ratio (DPR) is 133.33%.

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.