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

PNC Financial Services Group Inc. lowered its holdings in The Clorox Company (NYSE:CLX) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 98,171 shares of the company’s stock after selling 2,052 shares during the quarter. PNC Financial Services Group Inc. owned about 0.08% of Clorox worth $15,944,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CLX. Brooklyn Investment Group lifted its position in Clorox by 163.8% during the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock worth $25,000 after buying an additional 95 shares in the last quarter. Prospera Private Wealth LLC bought a new position in shares of Clorox in the third quarter worth about $27,000. Continuum Advisory LLC lifted its position in shares of Clorox by 300.0% during the third quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $30,000 after purchasing an additional 138 shares in the last quarter. Asset Planning Inc bought a new stake in shares of Clorox during the fourth quarter valued at approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of Clorox during the fourth quarter valued at approximately $36,000. Institutional investors own 78.53% of the company’s stock.

Clorox Stock Down 2.0 %

Shares of NYSE CLX opened at $147.99 on Tuesday. The firm has a 50 day moving average price of $155.39 and a 200 day moving average price of $160.44. The company has a debt-to-equity ratio of 20.52, a quick ratio of 0.60 and a current ratio of 0.94. The stock has a market cap of $18.23 billion, a P/E ratio of 40.43, a P/E/G ratio of 2.62 and a beta of 0.45. The Clorox Company has a 52-week low of $127.60 and a 52-week high of $171.37.

Clorox (NYSE:CLX) last released its quarterly earnings data on Monday, February 3rd. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company posted $2.16 earnings per share. Analysts expect that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 23rd will be given a $1.22 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.88 annualized dividend and a dividend yield of 3.30%. Clorox’s dividend payout ratio is presently 133.33%.

Analyst Ratings Changes

Several research firms have issued reports on CLX. StockNews.com downgraded Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. JPMorgan Chase & Co. upped their price target on Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. DA Davidson lowered their price objective on Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Evercore ISI upped their target price on shares of Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 target price on shares of Clorox in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $159.62.

Clorox Profile

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.