Bank of New York Mellon Corp lifted its holdings in Clorox Company (The) (NYSE:CLX) by 0.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,062,319 shares of the company’s stock after purchasing an additional 7,222 shares during the quarter. Bank of New York Mellon Corp owned about 0.82% of Clorox worth $140,129,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Clorox by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 14,534,634 shares of the company’s stock valued at $1,936,595,000 after purchasing an additional 369,918 shares in the last quarter. Parnassus Investments CA grew its position in shares of Clorox by 1.7% in the third quarter. Parnassus Investments CA now owns 4,451,150 shares of the company’s stock valued at $587,151,000 after purchasing an additional 76,236 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Clorox by 5.3% in the second quarter. Wells Fargo & Company MN now owns 4,412,600 shares of the company’s stock valued at $587,934,000 after purchasing an additional 221,168 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Clorox by 24.5% in the second quarter. Renaissance Technologies LLC now owns 1,341,400 shares of the company’s stock valued at $178,728,000 after purchasing an additional 263,700 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Clorox by 24.6% in the second quarter. Ameriprise Financial Inc. now owns 1,341,272 shares of the company’s stock valued at $178,433,000 after purchasing an additional 265,200 shares in the last quarter. 73.42% of the stock is owned by institutional investors.
In other Clorox news, SVP Michael R. Costello sold 10,574 shares of Clorox stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $136.01, for a total value of $1,438,169.74. Following the completion of the sale, the senior vice president now directly owns 34,867 shares of the company’s stock, valued at approximately $4,742,260.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Matthew T. Laszlo sold 20,051 shares of Clorox stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $130.46, for a total transaction 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. Company insiders own 1.00% of the company’s stock.
Shares of Clorox Company (NYSE CLX) traded down $0.81 during trading hours on Thursday, reaching $144.24. 1,027,143 shares of the company were exchanged, compared to its average volume of 817,827. Clorox Company has a 1 year low of $114.07 and a 1 year high of $145.32. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.77 and a current ratio of 1.10. The firm has a market capitalization of $18,652.26, a P/E ratio of 26.07, a P/E/G ratio of 3.93 and a beta of 0.43.
Clorox (NYSE:CLX) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.05. Clorox had a net margin of 11.84% and a return on equity of 161.59%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the firm earned $1.36 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. analysts predict that Clorox Company will post 5.6 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Wednesday, January 24th will be paid 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 dividend yield of 2.33%. Clorox’s dividend payout ratio (DPR) is 61.88%.
A number of research analysts recently commented on CLX shares. BMO Capital Markets reiterated an “outperform” rating on shares of Clorox in a report on Tuesday, September 12th. Royal Bank Of Canada restated a “hold” rating and set a $115.00 price target on shares of Clorox in a research note on Sunday, October 8th. Morgan Stanley decreased their price target on Clorox from $138.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 2nd. Consumer Edge raised Clorox from a “neutral” rating to an “outperform” rating in a research report on Friday, November 10th. Finally, Jefferies Group reissued a “hold” rating and issued a $132.00 target price on shares of Clorox in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $128.72.
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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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