Clorox Co (CLX) Position Lifted by Berkshire Asset Management LLC PA
Berkshire Asset Management LLC PA increased its holdings in shares of Clorox Co (NYSE:CLX) by 92.7% during the fourth quarter, Holdings Channel reports. The fund owned 3,456 shares of the company’s stock after acquiring an additional 1,663 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Clorox were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also bought and sold shares of CLX. CIBC World Markets Inc. increased its holdings in shares of Clorox by 39.7% during the 2nd quarter. CIBC World Markets Inc. now owns 3,801 shares of the company’s stock worth $506,000 after acquiring an additional 1,081 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Clorox by 16.9% during the 2nd quarter. Franklin Resources Inc. now owns 32,052 shares of the company’s stock worth $4,270,000 after acquiring an additional 4,640 shares during the last quarter. Seven Eight Capital LP increased its holdings in shares of Clorox by 2,571.4% during the 2nd quarter. Seven Eight Capital LP now owns 2,805 shares of the company’s stock worth $374,000 after acquiring an additional 2,700 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Clorox by 56.0% during the 2nd quarter. Amalgamated Bank now owns 15,114 shares of the company’s stock worth $2,014,000 after acquiring an additional 5,424 shares during the last quarter. Finally, Profund Advisors LLC increased its holdings in shares of Clorox by 26.5% during the 2nd quarter. Profund Advisors LLC now owns 3,763 shares of the company’s stock worth $501,000 after acquiring an additional 789 shares during the last quarter. 73.27% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Clorox from a “hold” rating to a “buy” rating and set a $163.00 target price on the stock in a report on Monday, January 8th. Jefferies Group reissued a “hold” rating and set a $148.00 target price on shares of Clorox in a report on Thursday, January 4th. Wells Fargo & Co boosted their target price on Clorox from $130.00 to $146.00 and gave the stock a “market perform” rating in a report on Thursday, January 4th. Bank of America raised Clorox from an “underperform” rating to a “neutral” rating and set a $155.00 price objective on the stock in a report on Thursday, January 4th. Finally, Deutsche Bank initiated coverage on Clorox in a report on Wednesday, December 13th. They issued a “hold” rating and a $142.00 price objective on the stock. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. Clorox has a consensus rating of “Hold” and a consensus price target of $134.33.
Shares of Clorox Co (NYSE CLX) traded up $1.91 during midday trading on Wednesday, reaching $144.32. The company’s stock had a trading volume of 859,395 shares, compared to its average volume of 842,782. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 3.02. Clorox Co has a 52-week low of $118.87 and a 52-week high of $150.40. The firm has a market cap of $18,610.00, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 3.69 and a beta of 0.42.
Clorox (NYSE:CLX) last released its earnings results on Wednesday, November 1st. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.05. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Clorox had a return on equity of 161.59% and a net margin of 11.84%. Clorox’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 EPS. research analysts expect that Clorox Co will post 5.7 EPS for the current year.
The business 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 dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Tuesday, January 23rd. Clorox’s dividend payout ratio (DPR) is currently 61.65%.
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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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