Strategic Capital Advisers Inc. bought a new position in shares of Clorox Co (NYSE:CLX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,971 shares of the company’s stock, valued at approximately $1,483,000.
A number of other large investors have also bought and sold shares of CLX. APG Asset Management N.V. boosted its position in Clorox by 38.6% during the 4th quarter. APG Asset Management N.V. now owns 1,804,215 shares of the company’s stock worth $223,483,000 after buying an additional 502,300 shares during the period. Renaissance Technologies LLC boosted its position in Clorox by 15.1% during the 4th quarter. Renaissance Technologies LLC now owns 2,360,600 shares of the company’s stock worth $351,116,000 after buying an additional 310,000 shares during the period. Schroder Investment Management Group boosted its position in Clorox by 197.4% during the 4th quarter. Schroder Investment Management Group now owns 461,861 shares of the company’s stock worth $68,697,000 after buying an additional 306,557 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in Clorox by 196.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 430,313 shares of the company’s stock worth $64,005,000 after buying an additional 284,937 shares during the period. Finally, Acadian Asset Management LLC boosted its position in Clorox by 33.9% during the 4th quarter. Acadian Asset Management LLC now owns 1,049,445 shares of the company’s stock worth $156,092,000 after buying an additional 265,892 shares during the period. Institutional investors and hedge funds own 75.77% of the company’s stock.
Several equities research analysts recently commented on the stock. Bank of America cut their target price on shares of Clorox from $155.00 to $140.00 and set a “neutral” rating on the stock in a research report on Monday, February 5th. Morgan Stanley cut their target price on shares of Clorox from $140.00 to $133.00 and set an “equal weight” rating on the stock in a research report on Monday, February 5th. BMO Capital Markets set a $147.00 target price on shares of Clorox and gave the stock a “buy” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded shares of Clorox from a “hold” rating to a “buy” rating and set a $161.00 price target for the company in a report on Wednesday, January 24th. Finally, Argus lowered shares of Clorox from a “buy” rating to a “hold” rating and lowered their price target for the stock from $150.40 to $127.81 in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. Clorox presently has a consensus rating of “Hold” and a consensus target price of $132.61.
Clorox Co (NYSE CLX) traded down $2.62 during trading on Wednesday, reaching $128.57. 720,370 shares of the company’s stock traded hands, compared to its average volume of 1,300,000. The company has a market cap of $16,640.00, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 2.44 and a beta of 0.39. The company has a current ratio of 1.22, a quick ratio of 0.86 and a debt-to-equity ratio of 2.35. Clorox Co has a 52-week low of $124.09 and a 52-week high of $150.40.
Clorox (NYSE:CLX) last released its quarterly earnings data on Friday, February 2nd. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.01. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.43 billion. Clorox had a net margin of 13.21% and a return on equity of 126.70%. Clorox’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 EPS. equities research analysts expect that Clorox Co will post 6.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Wednesday, April 25th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, April 24th. This represents a $3.84 annualized dividend and a dividend yield of 2.99%. This is a positive change from Clorox’s previous quarterly dividend of $0.84. Clorox’s payout ratio is currently 61.65%.
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The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company 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 International.
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