Legacy Advisors LLC bought a new position in shares of Clorox Co (NYSE:CLX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $150,000.
Several other hedge funds have also made changes to their positions in the company. Cornerstone Wealth Management LLC bought a new position in shares of Clorox during the second quarter worth about $105,000. Fort L.P. bought a new position in Clorox in the second quarter valued at approximately $129,000. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Clorox in the third quarter valued at approximately $130,000. Whittier Trust Co. of Nevada Inc. grew its stake in Clorox by 1,297.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,621 shares of the company’s stock valued at $148,000 after purchasing an additional 1,505 shares in the last quarter. Finally, IMS Capital Management bought a new position in Clorox in the second quarter valued at approximately $161,000. Institutional investors own 78.35% of the company’s stock.
Several research analysts have recently commented on CLX shares. Zacks Investment Research downgraded Clorox from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. ValuEngine raised Clorox from a “hold” rating to a “buy” rating in a report on Saturday, September 22nd. BMO Capital Markets lifted their price target on Clorox from $153.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, November 2nd. Citigroup lifted their price objective on Clorox from $149.00 to $153.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Finally, Argus raised Clorox from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a report on Tuesday, September 25th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $141.64.
In related news, COO Dawn C. Willoughby sold 3,387 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $148.01, for a total transaction of $501,309.87. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Michael R. Costello sold 9,265 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $140.02, for a total value of $1,297,285.30. Following the transaction, the senior vice president now directly owns 34,293 shares in the company, valued at $4,801,705.86. The disclosure for this sale can be found here. Insiders sold a total of 96,353 shares of company stock worth $14,762,793 over the last three months. 1.40% of the stock is owned by company insiders.
CLX stock traded up $1.03 during midday trading on Friday, reaching $158.77. 1,225,605 shares of the stock were exchanged, compared to its average volume of 1,253,548. The firm has a market capitalization of $20.25 billion, a P/E ratio of 25.36, a P/E/G ratio of 3.89 and a beta of 0.28. Clorox Co has a 52 week low of $113.57 and a 52 week high of $159.17. The company has a quick ratio of 0.65, a current ratio of 1.07 and a debt-to-equity ratio of 3.38.
Clorox (NYSE:CLX) last released its quarterly earnings results on Wednesday, October 31st. The company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. Clorox had a return on equity of 102.65% and a net margin of 13.59%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the company posted $1.46 EPS. The business’s revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts expect that Clorox Co will post 6.31 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Wednesday, October 31st will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Tuesday, October 30th. Clorox’s dividend payout ratio is 61.34%.
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The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; and professional cleaning, disinfecting, and food service products under the Clorox, Dispatch, HealthLink, Clorox Healthcare, Hidden Valley, KC Masterpiece, and Soy Vay brands.
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