Mercer Global Advisors Inc. ADV purchased a new stake in Clorox Co (NYSE:CLX) during the first quarter, Holdings Channel reports. The firm purchased 5,543 shares of the company’s stock, valued at approximately $854,000.
A number of other large investors have also recently added to or reduced their stakes in CLX. JPMorgan Chase & Co. lifted its position in shares of Clorox by 5.2% during the third quarter. JPMorgan Chase & Co. now owns 1,019,248 shares of the company’s stock worth $153,305,000 after purchasing an additional 50,360 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Clorox by 15.1% during the third quarter. Bank of New York Mellon Corp now owns 1,664,803 shares of the company’s stock worth $250,403,000 after purchasing an additional 218,364 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Clorox by 16.1% during the third quarter. Allianz Asset Management GmbH now owns 23,996 shares of the company’s stock worth $3,609,000 after purchasing an additional 3,319 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Clorox by 18.7% during the third quarter. Pacer Advisors Inc. now owns 7,037 shares of the company’s stock worth $1,058,000 after purchasing an additional 1,108 shares in the last quarter. Finally, Man Group plc lifted its position in shares of Clorox by 123.9% during the third quarter. Man Group plc now owns 14,578 shares of the company’s stock worth $2,193,000 after purchasing an additional 8,066 shares in the last quarter. Hedge funds and other institutional investors own 76.90% of the company’s stock.
In other Clorox news, SVP Matthew T. Laszlo sold 10,585 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $153.89, for a total value of $1,628,925.65. Following the completion of the sale, the senior vice president now owns 17,994 shares of the company’s stock, valued at $2,769,096.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Andrew J. Mowery sold 5,340 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $156.44, for a total transaction of $835,389.60. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.
CLX opened at $152.34 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 1.15 and a debt-to-equity ratio of 3.08. The company has a market cap of $19.79 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 3.86 and a beta of 0.32. Clorox Co has a fifty-two week low of $113.57 and a fifty-two week high of $167.70.
Clorox (NYSE:CLX) last posted its quarterly 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 business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Clorox had a net margin of 12.65% and a return on equity of 105.97%. Clorox’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.77 earnings per share. On average, equities research analysts anticipate that Clorox Co will post 6.31 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 2.52%. The ex-dividend date is Tuesday, April 23rd. Clorox’s payout ratio is presently 61.34%.
CLX has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Clorox from a “hold” rating to a “buy” rating and set a $177.00 target price on the stock in a research report on Monday, March 11th. BMO Capital Markets set a $175.00 target price on shares of Clorox and gave the stock a “buy” rating in a research report on Tuesday, February 5th. Wells Fargo & Co reiterated a “hold” rating and set a $157.00 target price on shares of Clorox in a research report on Monday, February 4th. Barclays reissued a “hold” rating and set a $142.00 price target on shares of Clorox in a research note on Wednesday, February 6th. Finally, Citigroup set a $171.00 price target on shares of Clorox and gave the stock a “hold” rating in a research note on Tuesday, February 5th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Clorox presently has a consensus rating of “Hold” and an average target price of $151.21.
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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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