Courier Capital LLC decreased its position in shares of Clorox Co (NYSE:CLX) by 16.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,020 shares of the company’s stock after selling 1,001 shares during the quarter. Courier Capital LLC’s holdings in Clorox were worth $755,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of CLX. Cornerstone Wealth Management LLC purchased a new stake in Clorox during the 2nd quarter worth about $105,000. Ostrum Asset Management purchased a new stake in Clorox during the 1st quarter worth about $112,000. Fort L.P. purchased a new stake in Clorox during the 2nd quarter worth about $129,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Clorox by 1,297.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,621 shares of the company’s stock worth $148,000 after purchasing an additional 1,505 shares in the last quarter. Finally, IMS Capital Management purchased a new stake in Clorox during the 2nd quarter worth about $161,000. Institutional investors own 78.36% of the company’s stock.
In other Clorox news, SVP Michael R. Costello sold 9,265 shares of the firm’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $140.02, for a total value of $1,297,285.30. Following the sale, the senior vice president now owns 34,293 shares of the company’s stock, valued at approximately $4,801,705.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Linda J. Rendle sold 382 shares of the firm’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $148.32, for a total value of $56,658.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,268 shares of company stock worth $4,196,686. Insiders own 1.00% of the company’s stock.
A number of analysts recently issued reports on the company. Barclays set a $131.00 price objective on Clorox and gave the stock a “hold” rating in a report on Saturday, October 6th. ValuEngine raised Clorox from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th. Deutsche Bank cut Clorox from a “hold” rating to a “sell” rating and set a $123.00 price objective on the stock. in a report on Wednesday. Atlantic Securities assumed coverage on Clorox in a report on Thursday, September 20th. They set a “neutral” rating and a $151.00 price objective on the stock. Finally, Zacks Investment Research cut Clorox from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Four 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 company’s stock. Clorox presently has an average rating of “Hold” and a consensus price target of $137.21.
NYSE:CLX opened at $144.84 on Friday. Clorox Co has a twelve month low of $113.57 and a twelve month high of $153.38. The stock has a market capitalization of $19.21 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 3.11 and a beta of 0.36. The company has a debt-to-equity ratio of 3.15, a quick ratio of 0.67 and a current ratio of 1.09.
Clorox (NYSE:CLX) last released its quarterly earnings results on Thursday, August 2nd. The company reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.08. Clorox had a return on equity of 103.18% and a net margin of 13.44%. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the firm posted $1.53 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. As a group, research analysts expect that Clorox Co will post 6.41 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Shareholders of record on Wednesday, October 31st will be issued a $0.96 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $3.84 annualized dividend and a dividend yield of 2.65%. Clorox’s payout ratio is currently 61.34%.
Clorox Company Profile
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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