Clorox Co. (CLX) Trading Up 1.5%
Clorox Co. (NYSE:CLX) was up 1.5% during mid-day trading on Tuesday . The stock traded as high as $140.08 and last traded at $139.25, with a volume of 581,726 shares changing hands. The stock had previously closed at $137.16.
Several equities research analysts recently issued reports on CLX shares. Zacks Investment Research lowered shares of Clorox from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. B. Riley reissued a “neutral” rating and set a $109.00 target price (up from $102.00) on shares of Clorox in a report on Thursday, May 5th. Barclays PLC boosted their target price on shares of Clorox from $112.00 to $120.00 and gave the stock an “underweight” rating in a report on Monday, March 21st. Atlantic Securities assumed coverage on shares of Clorox in a report on Tuesday, June 14th. They set a “neutral” rating and a $138.00 target price on the stock. Finally, Goldman Sachs Group Inc. boosted their target price on shares of Clorox from $125.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, May 3rd. Four analysts have rated the stock with a sell rating and six have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $124.10.
The stock’s 50-day moving average price is $132.24 and its 200-day moving average price is $128.60. The company has a market cap of $17.88 billion and a P/E ratio of 27.00.
Clorox (NYSE:CLX) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.11 by $0.10. During the same period last year, the business posted $1.08 earnings per share. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.41 billion. The company’s revenue was up 1.8% compared to the same quarter last year. Analysts expect that Clorox Co. will post $4.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Wednesday, July 27th will be paid a dividend of $0.80 per share. This is a boost from Clorox’s previous quarterly dividend of $0.77. This represents a $3.20 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Monday, July 25th.
In other Clorox news, COO Nikolaos A. Vlahos sold 2,151 shares of Clorox stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $132.25, for a total transaction of $284,469.75. Following the transaction, the chief operating officer now directly owns 13,883 shares of the company’s stock, valued at $1,836,026.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Several hedge funds and institutional investors have recently modified their holdings of the company. Neuberger Berman Group LLC boosted its position in shares of Clorox by 18.1% in the fourth quarter. Neuberger Berman Group LLC now owns 24,265 shares of the company’s stock valued at $3,078,000 after buying an additional 3,712 shares in the last quarter. Sei Investments Co. boosted its position in shares of Clorox by 23.1% in the fourth quarter. Sei Investments Co. now owns 42,264 shares of the company’s stock valued at $5,361,000 after buying an additional 7,924 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Clorox by 25.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 12,200 shares of the company’s stock valued at $1,547,000 after buying an additional 2,500 shares in the last quarter. Wesbanco Bank Inc. boosted its position in shares of Clorox by 0.8% in the fourth quarter. Wesbanco Bank Inc. now owns 8,447 shares of the company’s stock valued at $1,071,000 after buying an additional 70 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Clorox by 2.1% in the fourth quarter. California Public Employees Retirement System now owns 376,800 shares of the company’s stock valued at $47,790,000 after buying an additional 7,800 shares in the last quarter.
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