State of Alaska Department of Revenue increased its stake in shares of Clorox Co (NYSE:CLX) by 5.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 135,752 shares of the company’s stock after acquiring an additional 6,960 shares during the period. State of Alaska Department of Revenue owned approximately 0.11% of Clorox worth $20,189,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Sun Life Financial INC lifted its position in Clorox by 10,344.4% during the 2nd quarter. Sun Life Financial INC now owns 940 shares of the company’s stock worth $125,000 after acquiring an additional 931 shares in the last quarter. Phocas Financial Corp. acquired a new position in Clorox during the 2nd quarter worth approximately $167,000. Salem Investment Counselors Inc. lifted its position in Clorox by 2.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 1,256 shares of the company’s stock worth $167,000 after acquiring an additional 31 shares in the last quarter. Private Asset Management Inc. acquired a new position in Clorox during the 4th quarter worth approximately $208,000. Finally, Dupont Capital Management Corp acquired a new position in Clorox during the 3rd quarter worth approximately $199,000. 73.27% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Clorox Co (CLX) opened at $143.14 on Friday. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.77 and a current ratio of 1.10. The stock has a market capitalization of $18,460.00, a P/E ratio of 26.26, a P/E/G ratio of 3.77 and a beta of 0.42. Clorox Co has a 52-week low of $118.87 and a 52-week high of $150.40.
Clorox (NYSE:CLX) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.05. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Clorox had a return on equity of 161.59% and a net margin of 11.84%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 EPS. research analysts predict that Clorox Co will post 5.7 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Wednesday, January 24th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Tuesday, January 23rd. Clorox’s dividend payout ratio is currently 61.65%.
A number of equities analysts have issued reports on the company. Wells Fargo & Co reaffirmed 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 raised Clorox from an “underperform” rating to a “neutral” rating and set a $155.00 target price on the stock in a research report on Thursday, January 4th. Consumer Edge raised Clorox from a “neutral” rating to an “outperform” rating in a research report on Friday, November 10th. Jefferies Group reaffirmed a “hold” rating and issued a $130.00 target price on shares of Clorox in a research report on Wednesday, December 13th. Finally, Deutsche Bank assumed coverage on Clorox in a research report on Wednesday, December 13th. They issued a “hold” rating and a $142.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Clorox has a consensus rating of “Hold” and a consensus price target of $134.33.
In related news, SVP Matthew T. Laszlo sold 20,051 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Michael R. Costello sold 10,574 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $136.01, for a total value 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. Corporate insiders own 1.00% 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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