Gulf International Bank UK Ltd increased its position in shares of Clorox Co (NYSE:CLX) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,572 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Gulf International Bank UK Ltd’s holdings in Clorox were worth $6,102,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. increased its stake in Clorox by 3.5% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 20,759 shares of the company’s stock worth $3,122,000 after purchasing an additional 700 shares in the last quarter. OLD Point Trust & Financial Services N A boosted its position in Clorox by 52.5% during the 3rd quarter. OLD Point Trust & Financial Services N A now owns 3,050 shares of the company’s stock worth $459,000 after acquiring an additional 1,050 shares during the period. Cadence Capital Management LLC boosted its position in Clorox by 2.9% during the 3rd quarter. Cadence Capital Management LLC now owns 18,498 shares of the company’s stock worth $2,782,000 after acquiring an additional 517 shares during the period. HL Financial Services LLC boosted its position in Clorox by 3.8% during the 3rd quarter. HL Financial Services LLC now owns 11,739 shares of the company’s stock worth $1,766,000 after acquiring an additional 425 shares during the period. Finally, Private Advisor Group LLC boosted its position in Clorox by 72.2% during the 3rd quarter. Private Advisor Group LLC now owns 27,131 shares of the company’s stock worth $4,081,000 after acquiring an additional 11,375 shares during the period. 78.35% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have commented on CLX. BMO Capital Markets raised their price objective on Clorox from $153.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, November 2nd. Citigroup raised their price objective on Clorox from $149.00 to $153.00 and gave the stock a “neutral” rating in a research report on Friday, November 2nd. Barclays set a $138.00 price objective on Clorox and gave the stock a “hold” rating in a research report on Thursday, November 1st. Wells Fargo & Co restated a “hold” rating on shares of Clorox in a research report on Wednesday, October 31st. Finally, ValuEngine upgraded Clorox from a “hold” rating to a “buy” rating in a research report on Saturday, September 22nd. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $141.64.
Shares of Clorox stock opened at $158.77 on Friday. The stock has a market cap of $20.25 billion, a PE ratio of 26.99, a PEG ratio of 3.89 and a beta of 0.28. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.07 and a quick ratio of 0.65. Clorox Co has a 52-week low of $113.57 and a 52-week high of $159.17.
Clorox (NYSE:CLX) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $1.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.03. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.53 billion. Clorox had a return on equity of 102.65% and a net margin of 13.59%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 EPS. Equities analysts expect that Clorox Co will post 6.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Wednesday, October 31st will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $3.84 annualized dividend and a dividend yield of 2.42%. Clorox’s dividend payout ratio is 61.34%.
In other news, SVP Diego J. Barral sold 12,880 shares of Clorox stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $157.98, for a total transaction of $2,034,782.40. Following the completion of the sale, the senior vice president now directly owns 18,603 shares in the company, valued at approximately $2,938,901.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Dawn C. Willoughby sold 54,205 shares of Clorox stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $157.39, for a total value of $8,531,324.95. Following the sale, the chief operating officer now owns 37,044 shares of the company’s stock, valued at $5,830,355.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,353 shares of company stock valued at $14,762,793. 1.40% of the stock is owned by corporate insiders.
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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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