Allspring Global Investments Holdings LLC has sold shares of
Clorox Company ($CLX).
Jim Cramer has potentially issued a major warning about the company. Many companies including
Cullen Frost Bankers Inc. and
Allianz Asset Management GmbH have increased their positions in Clorox, while others like
Envestnet Portfolio Solutions Inc. have decreased their holdings.
Clorox has recently hit a new 12-month low leading to speculations on whether it's an indication to sell. Amid these moves, its average recommendation from analysts remains
'Reduce'. Notwithstanding, Clorox has a consistent demand and brand investment, thus keeping dividends growing. Analysts at
JPMorgan have reduced the price target for Clorox stocks as demand slows, with dividend growth remaining a positive highlight. However, investors who invested five years ago have seen a
loss of 35%. Kevin Jacobsen, the current CFO of Clorox, is set to retire, with Luc Bellet named as his successor. The company's defensive approach and strength of dividend renders it a hold. Recent Q4 earnings and FY25 results, together with FY26 outlook have been reported. Nevertheless, outlook updates remain rather neutral, and its stock performance trails behind consumer staples sector.
Clorox Company CLX News Analytics from Sun, 19 Jan 2025 08:00:00 GMT to Fri, 24 Oct 2025 17:25:18 GMT -
Rating -2
- Innovation 5
- Information 4
- Rumor -3
