Clorox (CLX) Receives Hold Rating from Jefferies Group
Several other brokerages have also issued reports on CLX. Zacks Investment Research lowered shares of Clorox from a hold rating to a sell rating in a research note on Wednesday, October 4th. Morgan Stanley dropped their price objective on shares of Clorox from $138.00 to $128.00 and set an equal weight rating on the stock in a research note on Thursday, November 2nd. Consumer Edge raised shares of Clorox from a neutral rating to an outperform rating in a research note on Friday, November 10th. BMO Capital Markets reaffirmed a buy rating and issued a $150.00 price objective on shares of Clorox in a research note on Thursday, October 5th. Finally, Wells Fargo & Company reaffirmed a hold rating and issued a $130.00 price objective on shares of Clorox in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $129.05.
Shares of Clorox (CLX) traded up $1.46 during midday trading on Wednesday, reaching $146.61. 849,900 shares of the company traded hands, compared to its average volume of 817,212. The company has a market capitalization of $18,900.00, a price-to-earnings ratio of 26.15, a PEG ratio of 3.95 and a beta of 0.43. Clorox has a fifty-two week low of $115.00 and a fifty-two week high of $147.38. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.77 and a current ratio of 1.10.
Clorox (NYSE:CLX) last issued its earnings results on Wednesday, November 1st. The company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.05. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Clorox had a net margin of 11.84% and a return on equity of 161.59%. Clorox’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 earnings per share. equities analysts anticipate that Clorox will post 5.6 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Wednesday, January 24th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $3.36 annualized dividend and a dividend yield of 2.29%. Clorox’s dividend payout ratio is currently 61.65%.
In other news, SVP Michael R. Costello sold 10,574 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $136.01, for a total value of $1,438,169.74. Following the completion of the sale, the senior vice president now owns 34,867 shares in the company, valued at $4,742,260.67. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Matthew T. Laszlo sold 20,051 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $130.46, for a total transaction of $2,615,853.46. Following the completion of the sale, the senior vice president now owns 10,896 shares of the company’s stock, valued at approximately $1,421,492.16. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Shell Asset Management Co. increased its holdings in Clorox by 102.5% during the third quarter. Shell Asset Management Co. now owns 119,382 shares of the company’s stock worth $11,465,000 after buying an additional 60,427 shares during the last quarter. Synovus Financial Corp increased its holdings in Clorox by 14.5% during the second quarter. Synovus Financial Corp now owns 8,786 shares of the company’s stock worth $1,173,000 after buying an additional 1,114 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Clorox during the second quarter worth about $2,184,000. Ameriprise Financial Inc. increased its holdings in Clorox by 24.6% during the second quarter. Ameriprise Financial Inc. now owns 1,341,272 shares of the company’s stock worth $178,433,000 after buying an additional 265,200 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Clorox by 3.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 44,974 shares of the company’s stock worth $5,992,000 after buying an additional 1,399 shares during the last quarter. Institutional investors own 73.42% of the company’s stock.
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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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