Country Club Trust Company n.a. Invests $253,000 in Clorox Co (CLX) Stock

Country Club Trust Company n.a. acquired a new position in Clorox Co (NYSE:CLX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,702 shares of the company’s stock, valued at approximately $253,000.

A number of other institutional investors have also modified their holdings of CLX. Shell Asset Management Co. raised its position in shares of Clorox by 102.5% in the 3rd quarter. Shell Asset Management Co. now owns 119,382 shares of the company’s stock valued at $11,465,000 after buying an additional 60,427 shares in the last quarter. Vident Investment Advisory LLC acquired a new position in shares of Clorox in the 3rd quarter valued at approximately $1,477,000. JPMorgan Chase & Co. raised its position in shares of Clorox by 63.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 417,347 shares of the company’s stock valued at $54,269,000 after buying an additional 161,555 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Clorox by 417.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 63,868 shares of the company’s stock valued at $8,425,000 after buying an additional 51,534 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Clorox by 9.0% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,203 shares of the company’s stock valued at $3,193,000 after buying an additional 2,008 shares in the last quarter. Institutional investors and hedge funds own 73.14% of the company’s stock.

Several equities analysts have recently commented on the stock. Deutsche Bank assumed coverage on shares of Clorox in a research report on Wednesday, December 13th. They issued a “hold” rating and a $142.00 target price for the company. Royal Bank of Canada restated a “hold” rating and issued a $115.00 target price on shares of Clorox in a research report on Sunday, October 8th. Jefferies Group restated a “hold” rating and issued a $130.00 target price on shares of Clorox in a research report on Wednesday, December 13th. Bank of America upgraded shares of Clorox from an “underperform” rating to a “neutral” rating and set a $155.00 target price for the company in a research report on Thursday, January 4th. Finally, Wells Fargo & Co restated a “hold” rating and issued a $130.00 target price on shares of Clorox in a research report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. Clorox has an average rating of “Hold” and a consensus target price of $134.33.

Shares of Clorox Co (CLX) opened at $140.96 on Friday. The stock has a market cap of $18,180.00, a P/E ratio of 25.86, a P/E/G ratio of 3.71 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 Co has a 1-year low of $118.41 and a 1-year high of $150.40.

Clorox (NYSE:CLX) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.05. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Clorox had a net margin of 11.84% and a return on equity of 161.59%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 EPS. research analysts anticipate that Clorox Co will post 5.7 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Wednesday, January 24th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Tuesday, January 23rd. Clorox’s dividend payout ratio (DPR) is presently 61.65%.

In related news, SVP Matthew T. Laszlo sold 20,051 shares of Clorox stock in a transaction that occurred 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 sale, the senior vice president now directly owns 10,896 shares of the company’s stock, valued at approximately $1,421,492.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $1,438,169.74. Following the sale, the senior vice president now directly owns 34,867 shares in the company, valued at $4,742,260.67. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

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Clorox Profile

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.

Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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