Federated Investors Inc. PA lessened its stake in shares of Clorox Co (NYSE:CLX) by 16.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,838 shares of the company’s stock after selling 367 shares during the quarter. Federated Investors Inc. PA’s holdings in Clorox were worth $276,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in CLX. Csenge Advisory Group purchased a new position in shares of Clorox in the third quarter worth approximately $100,000. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in Clorox during the 3rd quarter worth approximately $130,000. Ancora Advisors LLC bought a new stake in Clorox during the 3rd quarter worth approximately $135,000. Legacy Advisors LLC bought a new stake in Clorox during the 3rd quarter worth approximately $150,000. Finally, Cutler Group LP bought a new stake in Clorox during the 3rd quarter worth approximately $162,000. 77.73% of the stock is currently owned by hedge funds and other institutional investors.
In other news, COO Dawn C. Willoughby sold 54,205 shares of Clorox stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $157.39, for a total transaction of $8,531,324.95. Following the sale, the chief operating officer now owns 37,044 shares in the company, valued at $5,830,355.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Benno O. Dorer sold 152,449 shares of Clorox stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $164.83, for a total transaction of $25,128,168.67. Following the sale, the chief executive officer now owns 111,735 shares in the company, valued at approximately $18,417,280.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 313,228 shares of company stock worth $50,910,506. Company insiders own 1.40% of the company’s stock.
Clorox stock opened at $151.14 on Wednesday. The company has a market cap of $19.54 billion, a PE ratio of 24.14, a P/E/G ratio of 3.76 and a beta of 0.39. The company has a current ratio of 1.07, a quick ratio of 0.65 and a debt-to-equity ratio of 3.38. Clorox Co has a 1 year low of $113.57 and a 1 year high of $167.70.
Clorox (NYSE:CLX) last released its quarterly earnings data on Wednesday, October 31st. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.03. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Clorox had a net margin of 13.59% and a return on equity of 102.65%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.46 earnings per share. As a group, analysts anticipate that Clorox Co will post 6.31 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Wednesday, January 23rd will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, January 22nd. Clorox’s payout ratio is currently 61.34%.
CLX has been the topic of a number of recent analyst reports. Atlantic Securities initiated coverage on shares of Clorox in a research note on Thursday, September 20th. They set a “neutral” rating and a $151.00 target price on the stock. Citigroup raised their target price on shares of Clorox from $153.00 to $169.00 and gave the stock a “hold” rating in a research note on Tuesday, November 20th. Barclays set a $138.00 target price on shares of Clorox and gave the stock a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research cut shares of Clorox from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Finally, Deutsche Bank raised their target price on shares of Clorox from $123.00 to $124.00 and gave the stock a “sell” rating in a research note on Thursday, November 1st. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $148.08.
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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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