Clorox Co (CLX) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Clorox Co (NYSE:CLX) have been given an average recommendation of “Hold” by the sixteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $134.33.
A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Clorox from a “hold” rating to a “buy” rating and set a $163.00 price target on the stock in a research report on Monday. Wells Fargo & Co lifted their price target on shares of Clorox from $130.00 to $146.00 and gave the company a “market perform” rating in a research report on Thursday, January 4th. Jefferies Group reaffirmed a “hold” rating and set a $148.00 price target on shares of Clorox in a research report on Thursday, January 4th. Bank of America raised shares of Clorox from an “underperform” rating to a “neutral” rating and set a $155.00 price target on the stock in a research report on Thursday, January 4th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $150.00 price target on shares of Clorox in a research report on Thursday, October 5th.
Shares of Clorox (CLX) traded down $0.18 during mid-day trading on Tuesday, reaching $146.26. 340,800 shares of the company’s stock were exchanged, compared to its average volume of 766,873. The firm has a market capitalization of $18,860.00, a PE ratio of 26.84, a price-to-earnings-growth ratio of 3.84 and a beta of 0.42. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 3.02. Clorox has a 1 year low of $118.41 and a 1 year high of $150.40.
The company 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 2.30%. Clorox’s dividend payout ratio is currently 61.65%.
In related news, 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 value of $2,615,853.46. Following the completion of the sale, the senior vice president now owns 10,896 shares in the company, valued at $1,421,492.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michael R. Costello sold 10,574 shares of Clorox stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $136.01, for a total transaction of $1,438,169.74. Following the completion of the sale, the senior vice president now owns 34,867 shares of the company’s stock, valued at approximately $4,742,260.67. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
Large investors have recently modified their holdings of the stock. Shell Asset Management Co. increased its stake in shares of Clorox by 102.5% in the third quarter. Shell Asset Management Co. now owns 119,382 shares of the company’s stock worth $11,465,000 after buying an additional 60,427 shares during the last quarter. Vident Investment Advisory LLC bought a new stake in shares of Clorox in the third quarter worth $1,477,000. JPMorgan Chase & Co. increased its stake in shares of Clorox by 63.2% in the third quarter. JPMorgan Chase & Co. now owns 417,347 shares of the company’s stock worth $54,269,000 after buying an additional 161,555 shares during the last quarter. Ameriprise Financial Inc. increased its stake 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 worth $178,433,000 after buying an additional 265,200 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Clorox by 3.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 44,974 shares of the company’s stock worth $5,992,000 after buying an additional 1,399 shares during the last quarter. Institutional investors and hedge funds own 73.14% of the company’s stock.
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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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