Capital Investment Advisory Services LLC acquired a new position in shares of Clorox Co (NYSE:CLX) in the 4th quarter, Holdings Channel reports. The fund acquired 1,240 shares of the company’s stock, valued at approximately $191,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in Clorox in the fourth quarter valued at $26,000. City Holding Co. raised its holdings in Clorox by 150.0% in the fourth quarter. City Holding Co. now owns 250 shares of the company’s stock valued at $39,000 after acquiring an additional 150 shares in the last quarter. G&S Capital LLC raised its holdings in Clorox by 46.4% in the fourth quarter. G&S Capital LLC now owns 262 shares of the company’s stock valued at $40,000 after acquiring an additional 83 shares in the last quarter. Sonora Investment Management LLC acquired a new stake in Clorox in the fourth quarter valued at $50,000. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in Clorox in the fourth quarter valued at $73,000. Institutional investors own 82.60% of the company’s stock.
Shares of NYSE:CLX opened at $155.66 on Monday. The firm has a market cap of $19.95 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 3.86 and a beta of 0.29. Clorox Co has a 1-year low of $113.57 and a 1-year high of $167.70. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.66 and a current ratio of 1.15.
Clorox (NYSE:CLX) last issued its earnings results on Monday, February 4th. The company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.08. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Clorox had a net margin of 12.65% and a return on equity of 105.97%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.77 earnings per share. As a group, equities research analysts anticipate that Clorox Co will post 6.33 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 8th. Shareholders of record on Wednesday, January 23rd were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Tuesday, January 22nd. This represents a $3.84 dividend on an annualized basis and a dividend yield of 2.47%. Clorox’s dividend payout ratio (DPR) is 61.34%.
In other Clorox news, SVP Michael R. Costello sold 6,882 shares of the stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $160.08, for a total transaction of $1,101,670.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Benno O. Dorer sold 152,449 shares of the stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $164.83, for a total transaction of $25,128,168.67. Following the completion of the sale, the chief executive officer now directly owns 111,735 shares in the company, valued at approximately $18,417,280.05. The disclosure for this sale can be found here. Insiders have sold 256,728 shares of company stock worth $41,973,324 over the last three months. 1.40% of the stock is owned by corporate insiders.
Several analysts recently issued reports on CLX shares. BMO Capital Markets upped their price target on shares of Clorox from $153.00 to $165.00 and gave the company a “buy” rating in a report on Friday, November 2nd. Citigroup upped their price target on shares of Clorox from $153.00 to $169.00 and gave the company a “hold” rating in a report on Tuesday, November 20th. Zacks Investment Research raised shares of Clorox from a “sell” rating to a “hold” rating in a report on Monday, November 19th. Barclays set a $138.00 price target on shares of Clorox and gave the company a “hold” rating in a report on Thursday, November 1st. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Clorox in a report on Wednesday, October 31st. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Clorox has an average rating of “Hold” and a consensus price target of $149.08.
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Clorox Company Profile
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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