Moors & Cabot Inc. decreased its position in shares of Clorox Co (NYSE:CLX) by 22.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,648 shares of the company’s stock after selling 480 shares during the quarter. Moors & Cabot Inc.’s holdings in Clorox were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. Peoples Bank OH grew its holdings in shares of Clorox by 12.6% during the first quarter. Peoples Bank OH now owns 3,789 shares of the company’s stock valued at $608,000 after buying an additional 424 shares during the last quarter. Private Ocean LLC purchased a new stake in shares of Clorox during the first quarter valued at approximately $177,000. SlateStone Wealth LLC grew its holdings in shares of Clorox by 13.6% during the first quarter. SlateStone Wealth LLC now owns 5,043 shares of the company’s stock valued at $809,000 after buying an additional 605 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Clorox by 16.6% during the first quarter. Toronto Dominion Bank now owns 88,924 shares of the company’s stock valued at $14,265,000 after buying an additional 12,680 shares during the last quarter. Finally, Hall Capital Management Co. Inc. grew its holdings in shares of Clorox by 3.0% during the first quarter. Hall Capital Management Co. Inc. now owns 6,769 shares of the company’s stock valued at $1,086,000 after buying an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 77.92% of the company’s stock.
Shares of Clorox stock opened at $150.88 on Friday. The company has a market cap of $18.87 billion, a P/E ratio of 24.10, a P/E/G ratio of 4.31 and a beta of 0.31. Clorox Co has a twelve month low of $119.46 and a twelve month high of $167.70. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.66 and a current ratio of 1.10.
Clorox (NYSE:CLX) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $1.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.03). The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.57 billion. Clorox had a net margin of 12.68% and a return on equity of 108.82%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $1.37 EPS. On average, research analysts anticipate that Clorox Co will post 6.29 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Wednesday, July 31st will be given a $1.06 dividend. The ex-dividend date is Tuesday, July 30th. This is an increase from Clorox’s previous quarterly dividend of $0.96. This represents a $4.24 annualized dividend and a yield of 2.81%. Clorox’s dividend payout ratio (DPR) is presently 61.34%.
In other Clorox news, SVP Andrew J. Mowery sold 5,340 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $156.44, for a total value of $835,389.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by company insiders.
A number of research firms have recently commented on CLX. Zacks Investment Research cut shares of Clorox from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Deutsche Bank upgraded shares of Clorox from a “sell” rating to a “hold” rating and set a $139.00 price target on the stock in a report on Thursday, May 2nd. Wells Fargo & Co lowered their price objective on shares of Clorox from $157.00 to $153.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. Citigroup lowered their price objective on shares of Clorox from $171.00 to $160.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Finally, Argus downgraded shares of Clorox from a “buy” rating to a “hold” rating in a research report on Monday. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $149.29.
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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