Csenge Advisory Group Invests $525000 in Clorox Company (The) (NYSE:CLX) Stock

Bennicas & Associates Inc.'s holdings in Clorox Company (The) were worth $2,964,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Shell Asset Management Co. increased its position in shares of Clorox Company (The) by 102.5% in the 3rd quarter. Shell Asset Management Co. now owns 119,382 shares of the company's stock worth $11,465,000 after purchasing an additional 60,427 shares during the last quarter. Financial Advisory Service Inc. now owns 4,012 shares of the company's stock worth $535,000 after purchasing an additional 12 shares in the last quarter. The company reported $1.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.42 by $0.06.

Among 14 analysts covering The Clorox Company (NYSE:CLX), 2 have Buy rating, 2 Sell and 10 Hold. Bernzott Capital Advisors now owns 1,607 shares of the company's stock worth $214,000 after purchasing an additional 7 shares in the last quarter. Sadoff Investment Management LLC bolstered its holdings by buying 2,604 shares an increase of 2.1%. Insiders sold a total of 41,293 shares of company stock valued at $5,560,303 over the last ninety days.

Several other hedge funds also recently bought and sold shares of the company.

A number of equities analysts have issued reports on CLX shares. Jefferies maintained it with "Hold" rating and $13600 target in Monday, June 12 report. Royal Bank Of Canada restated a "hold" rating and set a $115.00 price objective on shares of Clorox Company (The) in a research note on Sunday, October 8th. BidaskClub downgraded shares of Clorox Company (The) from a "sell" rating to a "strong sell" rating in a research note on Monday, July 24th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Clorox Company (The) in a research note on Tuesday, September 12th.

When we look at the Analyst Recommendations of the stock, the company has 2.87 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Clorox Company (The) now has an average rating of "Hold" and a consensus target price of $128.72. About shares traded. Clorox Co (NYSE:CLX) has risen 1.68% since November 12, 2016 and is uptrending. About 227,530 shares traded or 48.04% up from the average. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.77 and a current ratio of 1.10. The company has market cap of $17.03 billion. Clorox Company has a 12-month low of $111.77 and a 12-month high of $141.76.

Clorox Company (The) (NYSE:CLX) last announced its quarterly earnings results on Wednesday, November 1st. Clorox Company (The) had a net margin of 11.84% and a return on equity of 161.59%.

According to 13 analysts, the Average Revenue Estimate for the current Fiscal quarter is $1.65 Billion and the Low Revenue estimate is $1.63 Billion, while the High Revenue estimate is $1.66 Billion. They expect $1.60 EPS, 0.00% or $0.00 from last year's $1.6 per share. In the last earnings report the EPS was $5.45 with 128.94M shares now outstanding.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.54%. The firm earned "Underperform" rating on Tuesday, October 4 by Credit Suisse.

In related news, SVP Jon M. Balousek sold 9,223 shares of the stock in a transaction on Wednesday, August 23rd. The short sellers will then buy the stock back at a much lower price and replace the borrowed shares, pocketing the difference. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The total value of its holdings increased 1.2%. Following the transaction, the senior vice president now directly owns 15,384 shares of the company's stock, valued at approximately $2,017,457.76. The disclosure for this sale can be found here.

James Investment Research Inc, which manages about $5.64 billion and $3.23B US Long portfolio, upped its stake in Corning Inc (NYSE:GLW) by 287,807 shares to 874,642 shares, valued at $26.28 million in 2017Q2, according to the filing. The stock increased 1.06% or $1.39 on November 10, reaching $132.05.

COPYRIGHT VIOLATION WARNING: "Csenge Advisory Group Invests $525,000 in Clorox Company (The) (NYSE:CLX) Stock" was originally reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this story on another domain, it was copied illegally and republished in violation of worldwide trademark and copyright legislation.

The Clorox Company is a manufacturer 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 Company operates through four segments: Cleaning, Household, Lifestyle and worldwide.

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