First Nebraska Trust Co Takes Position in The Clorox Company $CLX

Key Points

• First Nebraska Trust Co. bought 58,263 Clorox shares in the second quarter, valued at approximately $5.56 million. Institutional investors collectively own 78.53% of the company.
• Analyst sentiment remains cautious: 12 analysts rate Clorox “Hold” and five rate it “Sell,” resulting in a consensus “Reduce” rating and an average price target of $102.40.
• Clorox slightly beat quarterly earnings and revenue expectations, but revenue declined 2% year over year. The company raised its quarterly dividend to $1.25, implying a 4.7% annual yield, though its payout ratio is above 100%.

First Nebraska Trust Co purchased a new position in The Clorox Company (NYSE:CLX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 58,263 shares of the company's stock, valued at approximately $5,561,000.

Other large investors also recently modified their holdings of the company. Caitlin John LLC lifted its position in shares of Clorox by 1,807.1% during the 4th quarter. Caitlin John LLC now owns 267 shares of the company's stock valued at $27,000 after buying an additional 253 shares in the last quarter. Avalon Trust Co purchased a new stake in Clorox in the 2nd quarter worth approximately $29,000. Darwin Wealth Management LLC purchased a new stake in Clorox in the 2nd quarter worth approximately $29,000. Root Financial Partners LLC raised its stake in Clorox by 83.8% during the 1st quarter. Root Financial Partners LLC now owns 318 shares of the company's stock worth $33,000 after acquiring an additional 145 shares during the period. Finally, SHP Wealth Management purchased a new position in Clorox during the fourth quarter valued at approximately $35,000. Institutional investors own 78.53% of the company's stock.

Analyst Ratings Changes

CLX has been the subject of a number of analyst reports. Wells Fargo & Company increased their price objective on shares of Clorox from $95.00 to $102.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 4th. The Goldman Sachs Group restated a "sell" rating and set a $83.00 target price on shares of Clorox in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft set a $98.00 target price on shares of Clorox in a report on Tuesday, August 4th. Wall Street Zen cut Clorox from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Finally, Citigroup boosted their price objective on Clorox from $97.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. Twelve research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $102.40.

Clorox Price Performance

Clorox stock opened at $107.00 on Friday. The firm has a 50-day moving average price of $98.97 and a 200-day moving average price of $103.14. The firm has a market capitalization of $12.94 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 3.34 and a beta of 0.54. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80. The Clorox Company has a 12-month low of $84.70 and a 12-month high of $128.90.

Clorox (NYSE:CLX - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.64 by $0.02. Clorox had a net margin of 8.74% and a return on equity of 522.23%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period in the prior year, the firm posted $2.87 EPS. The firm's revenue was down 2.0% compared to the same quarter last year. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, equities research analysts forecast that The Clorox Company will post 5.8 EPS for the current year.

Clorox Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th will be given a $1.25 dividend. This is a boost from Clorox's previous quarterly dividend of $1.24. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $5.00 annualized dividend and a yield of 4.7%. Clorox's dividend payout ratio is currently 103.73%.

About Clorox

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company's flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox's diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.

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