The Clorox Company $CLX Shares Acquired by Citigroup Inc.

Citigroup Inc. lifted its stake in The Clorox Company (NYSE:CLXFree Report) by 15.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 281,837 shares of the company’s stock after buying an additional 37,742 shares during the period. Citigroup Inc.’s holdings in Clorox were worth $34,751,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Clorox by 9.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 335,514 shares of the company’s stock valued at $40,285,000 after acquiring an additional 27,639 shares during the period. Hudson Bay Capital Management LP purchased a new stake in Clorox in the 2nd quarter valued at $8,568,000. Vise Technologies Inc. acquired a new stake in Clorox during the 2nd quarter worth $328,000. Vanguard Personalized Indexing Management LLC grew its position in Clorox by 64.2% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 25,732 shares of the company’s stock worth $3,173,000 after purchasing an additional 10,065 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in Clorox by 11.7% in the third quarter. ProShare Advisors LLC now owns 1,297,016 shares of the company’s stock valued at $159,922,000 after purchasing an additional 136,135 shares during the period. 78.53% of the stock is owned by hedge funds and other institutional investors.

More Clorox News

Here are the key news stories impacting Clorox this week:

Analyst Ratings Changes

CLX has been the subject of several recent research reports. Evercore decreased their target price on shares of Clorox from $132.00 to $115.00 and set an “underperform” rating for the company in a research note on Wednesday, February 4th. Royal Bank Of Canada set a $132.00 price objective on Clorox in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft cut their price target on Clorox from $114.00 to $112.00 and set a “hold” rating for the company in a research note on Wednesday, February 4th. BNP Paribas Exane upgraded shares of Clorox from an “underperform” rating to a “neutral” rating in a research report on Wednesday, February 11th. Finally, Jefferies Financial Group dropped their price objective on shares of Clorox from $152.00 to $151.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $118.73.

Get Our Latest Analysis on Clorox

Clorox Trading Down 0.1%

NYSE:CLX opened at $126.67 on Wednesday. The Clorox Company has a 1 year low of $96.66 and a 1 year high of $159.04. The company has a debt-to-equity ratio of 71.03, a quick ratio of 0.48 and a current ratio of 0.74. The stock has a fifty day moving average price of $110.79 and a two-hundred day moving average price of $113.53. The stock has a market capitalization of $15.32 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 0.62 and a beta of 0.59.

Clorox (NYSE:CLXGet Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). Clorox had a return on equity of 383.01% and a net margin of 11.17%.The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the company earned $1.55 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Wednesday, April 22nd will be given a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, April 22nd. Clorox’s dividend payout ratio (DPR) is presently 81.05%.

About Clorox

(Free Report)

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.

Recommended Stories

Want to see what other hedge funds are holding CLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Clorox Company (NYSE:CLXFree Report).

Institutional Ownership by Quarter for Clorox (NYSE:CLX)

Receive News & Ratings for Clorox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clorox and related companies with MarketBeat.com's FREE daily email newsletter.