MML Investors Services LLC increased its position in shares of Clorox Co (NYSE:CLX) by 36.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,037 shares of the company’s stock after buying an additional 4,788 shares during the quarter. MML Investors Services LLC’s holdings in Clorox were worth $2,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CLX. Cornerstone Wealth Management LLC bought a new stake in shares of Clorox during the 2nd quarter worth $105,000. Fort L.P. bought a new stake in shares of Clorox during the 2nd quarter worth $129,000. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Clorox during the 3rd quarter worth $130,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Clorox by 1,297.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,621 shares of the company’s stock worth $148,000 after buying an additional 1,505 shares during the period. Finally, Legacy Advisors LLC bought a new stake in shares of Clorox during the 3rd quarter worth $150,000. 76.33% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Michael R. Costello sold 6,882 shares of the stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $160.08, for a total value of $1,101,670.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Dawn C. Willoughby sold 3,387 shares of the stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $148.01, for a total transaction of $501,309.87. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,970 shares of company stock valued at $14,567,178. Corporate insiders own 1.40% of the company’s stock.

A number of brokerages have weighed in on CLX. Zacks Investment Research raised shares of Clorox from a “hold” rating to a “buy” rating and set a $171.00 price target for the company in a report on Wednesday, October 3rd. Wells Fargo & Co increased their price target on shares of Clorox from $135.00 to $145.00 and gave the company a “market perform” rating in a report on Wednesday, October 17th. Deutsche Bank downgraded shares of Clorox from a “hold” rating to a “sell” rating and set a $123.00 price target for the company. in a report on Wednesday, October 10th. Argus raised shares of Clorox from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a report on Tuesday, September 25th. Finally, Citigroup increased their price target on shares of Clorox from $149.00 to $153.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Clorox currently has a consensus rating of “Hold” and a consensus price target of $142.79.

Shares of Clorox stock opened at $160.41 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 1.07 and a debt-to-equity ratio of 3.38. Clorox Co has a fifty-two week low of $113.57 and a fifty-two week high of $163.44. The firm has a market capitalization of $20.73 billion, a price-to-earnings ratio of 25.62, a P/E/G ratio of 3.99 and a beta of 0.28.

Clorox (NYSE:CLX) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. Clorox had a net margin of 13.59% and a return on equity of 102.65%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the firm earned $1.46 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts expect that Clorox Co will post 6.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Wednesday, January 23rd will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Tuesday, January 22nd. Clorox’s dividend payout ratio is 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.

Further Reading: Book Value Per Share – BVPS

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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