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.
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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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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