Bill Few Associates Inc. purchased a new stake in The Clorox Company (NYSE:CLX – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,988 shares of the company’s stock, valued at approximately $971,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Clorox in the 2nd quarter worth $958,640,000. Van ECK Associates Corp lifted its holdings in shares of Clorox by 15.7% during the fourth quarter. Van ECK Associates Corp now owns 3,136,405 shares of the company’s stock valued at $316,244,000 after purchasing an additional 426,433 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Clorox in the 2nd quarter valued at $179,780,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Clorox by 9.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,619,396 shares of the company’s stock valued at $163,284,000 after purchasing an additional 142,463 shares during the period. Finally, Royal Bank of Canada increased its stake in Clorox by 20.1% in the 1st quarter. Royal Bank of Canada now owns 1,418,204 shares of the company’s stock worth $146,969,000 after purchasing an additional 237,301 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on CLX shares. BNP Paribas Exane cut their price objective on Clorox from $97.00 to $95.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Wall Street Zen downgraded shares of Clorox from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Citigroup cut their price target on shares of Clorox from $100.00 to $97.00 and set a “neutral” rating on the stock in a report on Friday, September 11th. Evercore set a $99.00 price target on shares of Clorox in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Clorox from $92.00 to $95.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 4th. Twelve equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $99.36.
Clorox Stock Up 0.4%
NYSE CLX traded up $0.31 during trading on Friday, reaching $83.75. 1,497,905 shares of the company’s stock were exchanged, compared to its average volume of 2,657,298. The company has a current ratio of 0.66, a quick ratio of 0.38 and a debt-to-equity ratio of 15.80. The Clorox Company has a fifty-two week low of $79.12 and a fifty-two week high of $128.90. The company’s fifty day simple moving average is $94.36 and its 200-day simple moving average is $96.01. The firm has a market capitalization of $10.13 billion, a PE ratio of 17.38, a P/E/G ratio of 2.59 and a beta of 0.59.
Clorox (NYSE:CLX – Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.02. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.91 billion. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The firm’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.87 EPS. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Sell-side analysts predict that The Clorox Company will post 5.77 EPS for the current year.
Clorox Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 6.0%. Clorox’s dividend payout ratio is 103.73%.
Clorox Company Profile
The Clorox Company is a consumer and professional products company that develops, manufactures and markets household cleaning, disinfecting, wellness and personal care products. Its portfolio includes the Clorox bleach and cleaning brands, as well as products sold under brands such as Pine-Sol, Liquid-Plumr, Fresh Step, Scoop Away, Kingsford, Hidden Valley, Burt’s Bees and Brita.
Clorox also offers trash bags, food products, water-filtration systems, charcoal and grilling products, cat litter, and professional cleaning and disinfecting solutions.
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