Northstar Group Inc. raised its stake in Clorox Co (NYSE:CLX) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,759 shares of the company’s stock after buying an additional 14 shares during the period. Northstar Group Inc.’s holdings in Clorox were worth $775,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of CLX. Salem Investment Counselors Inc. purchased a new position in shares of Clorox during the third quarter valued at about $100,000. Valley National Advisers Inc. boosted its position in shares of Clorox by 0.5% in the third quarter. Valley National Advisers Inc. now owns 849 shares of the company’s stock valued at $106,000 after buying an additional 4 shares during the last quarter. Bartlett & Co. LLC boosted its position in shares of Clorox by 13.8% in the third quarter. Bartlett & Co. LLC now owns 865 shares of the company’s stock valued at $108,000 after buying an additional 105 shares during the last quarter. Mascoma Wealth Management LLC purchased a new position in shares of Clorox during the fourth quarter valued at about $104,000. Finally, Parallel Advisors LLC purchased a new position in shares of Clorox during the fourth quarter valued at about $123,000. 70.14% of the stock is owned by institutional investors and hedge funds.
Clorox Co (NYSE:CLX) traded down 0.31% during trading on Friday, reaching $135.23. The company’s stock had a trading volume of 213,991 shares. The company has a 50 day moving average price of $136.15 and a 200-day moving average price of $124.70. The company has a market capitalization of $17.35 billion, a PE ratio of 27.13 and a beta of 0.32. Clorox Co has a 52 week low of $111.24 and a 52 week high of $140.47.
Clorox (NYSE:CLX) last posted its quarterly earnings results on Friday, February 3rd. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.22 by $0.03. Clorox had a net margin of 11.15% and a return on equity of 239.42%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the company posted $1.14 EPS. Clorox’s revenue was up 4.5% on a year-over-year basis. Equities research analysts anticipate that Clorox Co will post $5.32 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 5th. Stockholders of record on Wednesday, April 19th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Monday, April 17th. Clorox’s dividend payout ratio is currently 64.13%.
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CLX has been the subject of several research analyst reports. Zacks Investment Research cut Clorox from a “buy” rating to a “hold” rating in a research note on Friday, January 20th. JPMorgan Chase & Co. started coverage on Clorox in a research note on Tuesday, March 21st. They issued a “neutral” rating and a $136.00 price objective for the company. Royal Bank of Canada set a $115.00 price target on Clorox and gave the company a “hold” rating in a research report on Tuesday, March 21st. Barclays PLC upgraded Clorox from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $115.00 to $111.00 in a research report on Monday, January 9th. Finally, Jefferies Group LLC started coverage on Clorox in a research report on Tuesday. They set a “hold” rating and a $138.00 price target for the company. Twelve equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $128.97.
Clorox Company 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.
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