US Bancorp DE trimmed its stake in shares of Clorox Co (NYSE:CLX) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,628 shares of the company’s stock after selling 2,874 shares during the period. US Bancorp DE’s holdings in Clorox were worth $25,677,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Phocas Financial Corp. acquired a new stake in Clorox during the second quarter worth about $167,000. Dupont Capital Management Corp acquired a new stake in Clorox during the third quarter worth about $199,000. Smith Moore & CO. acquired a new stake in Clorox during the third quarter worth about $204,000. Private Asset Management Inc. acquired a new stake in Clorox during the fourth quarter worth about $208,000. Finally, WFG Advisors LP grew its holdings in Clorox by 7.2% during the second quarter. WFG Advisors LP now owns 1,571 shares of the company’s stock worth $209,000 after acquiring an additional 106 shares during the period. 73.68% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently commented on CLX shares. Royal Bank of Canada reaffirmed a “hold” rating and set a $115.00 target price on shares of Clorox in a report on Sunday, October 8th. Jefferies Group reaffirmed a “hold” rating and set a $132.00 target price on shares of Clorox in a report on Wednesday, November 1st. Morgan Stanley dropped their target price on Clorox from $138.00 to $128.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Zacks Investment Research raised Clorox from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Finally, Consumer Edge raised Clorox from a “neutral” rating to an “outperform” rating in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $134.19.
In other news, SVP Michael R. Costello sold 10,574 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $136.01, for a total value of $1,438,169.74. Following the transaction, the senior vice president now owns 34,867 shares in the company, valued at $4,742,260.67. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matthew T. Laszlo sold 20,051 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $130.46, for a total value of $2,615,853.46. Following the completion of the transaction, the senior vice president now owns 10,896 shares in the company, valued at approximately $1,421,492.16. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Clorox Co (CLX) opened at $130.91 on Monday. The stock has a market capitalization of $16,940.28, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 3.15 and a beta of 0.31. 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 1 year low of $121.51 and a 1 year high of $150.40.
Clorox (NYSE:CLX) last issued its quarterly earnings results on Friday, February 2nd. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.01. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. Clorox had a return on equity of 126.70% and a net margin of 13.21%. Clorox’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 earnings per share. equities analysts forecast that Clorox Co will post 6.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Wednesday, January 24th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $3.36 dividend on an annualized basis and a yield of 2.57%. Clorox’s dividend payout ratio is currently 55.45%.
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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