Landscape Capital Management L.L.C. Purchases Shares of 76,702 The Clorox Company $CLX

Landscape Capital Management L.L.C. acquired a new position in shares of The Clorox Company (NYSE:CLX) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 76,702 shares of the company’s stock, valued at approximately $9,457,000. Clorox comprises approximately 0.6% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 24th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Clorox by 9.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 335,514 shares of the company’s stock valued at $40,285,000 after purchasing an additional 27,639 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Clorox during the second quarter worth about $8,568,000. ProShare Advisors LLC raised its position in Clorox by 11.7% in the 3rd quarter. ProShare Advisors LLC now owns 1,297,016 shares of the company’s stock valued at $159,922,000 after buying an additional 136,135 shares during the last quarter. Vise Technologies Inc. acquired a new stake in Clorox in the 2nd quarter valued at approximately $328,000. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in Clorox by 64.2% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 25,732 shares of the company’s stock valued at $3,173,000 after acquiring an additional 10,065 shares in the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Clorox Stock Performance

NYSE CLX traded up $1.68 on Friday, hitting $110.41. 164,942 shares of the stock were exchanged, compared to its average volume of 2,199,176. The company has a market capitalization of $13.35 billion, a PE ratio of 18.00, a P/E/G ratio of 0.55 and a beta of 0.59. The company has a debt-to-equity ratio of 71.03, a current ratio of 0.74 and a quick ratio of 0.48. The business’s fifty day moving average is $115.46 and its 200 day moving average is $113.42. The Clorox Company has a 52 week low of $96.66 and a 52 week high of $150.84.

Clorox (NYSE:CLX) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.04). The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.64 billion. Clorox had a return on equity of 383.01% and a net margin of 11.17%.The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 earnings per share. Research analysts anticipate that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Wednesday, April 22nd will be issued a dividend of $1.24 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.96 annualized dividend and a dividend yield of 4.5%. Clorox’s payout ratio is presently 81.05%.

Analyst Ratings Changes

CLX has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Clorox from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Jefferies Financial Group decreased their target price on shares of Clorox from $152.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Evercore lowered their price target on shares of Clorox from $132.00 to $115.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 4th. UBS Group boosted their price target on shares of Clorox from $115.00 to $121.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, Barclays restated an “underweight” rating and issued a $109.00 price objective on shares of Clorox in a report on Friday, January 16th. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $118.73.

Clorox Company Profile

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.