1,361 Shares in Clorox Co (CLX) Acquired by Hilltop Holdings Inc.

Hilltop Holdings Inc. purchased a new stake in Clorox Co (NYSE:CLX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,361 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Wealth Management LLC acquired a new position in Clorox in the 2nd quarter valued at approximately $105,000. Fort L.P. acquired a new position in Clorox in the 2nd quarter valued at approximately $129,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Clorox in the 3rd quarter valued at approximately $130,000. Ancora Advisors LLC acquired a new position in Clorox in the 3rd quarter valued at approximately $135,000. Finally, Legacy Advisors LLC acquired a new position in Clorox in the 3rd quarter valued at approximately $150,000. Hedge funds and other institutional investors own 77.96% of the company’s stock.

Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Clorox from a “sell” rating to a “hold” rating in a research report on Monday, December 10th. Bank of America restated a “neutral” rating and issued a $170.00 price target (up from $150.00) on shares of Clorox in a research report on Thursday, December 6th. Barclays set a $131.00 price target on shares of Clorox and gave the company a “hold” rating in a research report on Saturday, October 6th. BMO Capital Markets upped their price target on shares of Clorox from $153.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, November 2nd. Finally, ValuEngine upgraded shares of Clorox from a “hold” rating to a “buy” rating in a research report on Saturday, September 22nd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $146.00.

In other news, CEO Benno O. Dorer sold 152,449 shares of the stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $164.83, for a total transaction of $25,128,168.67. Following the completion of the sale, the chief executive officer now directly owns 111,735 shares in the company, valued at $18,417,280.05. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Jeff Baker sold 3,694 shares of the stock in a transaction on Friday, December 7th. The stock was sold at an average price of $162.56, for a total transaction of $600,496.64. Following the transaction, the chief accounting officer now directly owns 5,743 shares in the company, valued at $933,582.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 287,911 shares of company stock valued at $46,842,570. 1.40% of the stock is currently owned by corporate insiders.

CLX opened at $164.52 on Friday. Clorox Co has a twelve month low of $113.57 and a twelve month high of $167.70. The company has a quick ratio of 0.65, a current ratio of 1.07 and a debt-to-equity ratio of 3.38. The firm has a market cap of $21.00 billion, a PE ratio of 26.28, a PEG ratio of 4.04 and a beta of 0.30.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $1.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.03. Clorox had a net margin of 13.59% and a return on equity of 102.65%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the company posted $1.46 earnings per share. Clorox’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, research analysts anticipate that Clorox Co will post 6.31 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Wednesday, January 23rd will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Tuesday, January 22nd. Clorox’s dividend payout ratio (DPR) is presently 61.34%.

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Clorox 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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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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