SG Americas Securities LLC Buys 121,085 Shares of The Clorox Company $CLX

SG Americas Securities LLC increased its stake in shares of The Clorox Company (NYSE:CLX) by 77.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,345 shares of the company’s stock after buying an additional 121,085 shares during the quarter. SG Americas Securities LLC’s holdings in Clorox were worth $28,066,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP acquired a new position in Clorox in the second quarter valued at about $8,568,000. ProShare Advisors LLC grew its stake in Clorox by 11.7% during the third quarter. ProShare Advisors LLC now owns 1,297,016 shares of the company’s stock worth $159,922,000 after buying an additional 136,135 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Clorox by 64.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 25,732 shares of the company’s stock worth $3,173,000 after buying an additional 10,065 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Clorox by 27.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 928,654 shares of the company’s stock valued at $114,506,000 after buying an additional 197,330 shares during the period. Finally, Brookstone Capital Management increased its holdings in Clorox by 1,395.4% in the 3rd quarter. Brookstone Capital Management now owns 94,332 shares of the company’s stock valued at $11,631,000 after buying an additional 88,024 shares during the period. Institutional investors own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

CLX has been the subject of a number of recent analyst reports. Evercore cut their price target on shares of Clorox from $132.00 to $115.00 and set an “underperform” rating for the company in a report on Wednesday, February 4th. Morgan Stanley lifted their price objective on shares of Clorox from $125.00 to $136.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. BNP Paribas Exane upgraded shares of Clorox from an “underperform” rating to a “neutral” rating in a research report on Wednesday, February 11th. Weiss Ratings upgraded Clorox from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. Finally, UBS Group raised their target price on Clorox from $115.00 to $121.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $118.73.

Clorox Price Performance

Shares of CLX opened at $102.04 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.74 and a debt-to-equity ratio of 71.03. The stock has a market cap of $12.34 billion, a PE ratio of 16.67, a PEG ratio of 0.52 and a beta of 0.59. The Clorox Company has a 12-month low of $96.66 and a 12-month high of $150.84. The business has a 50-day simple moving average of $115.80 and a two-hundred day simple moving average of $112.49.

Clorox (NYSE:CLX) last released its quarterly earnings results 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). Clorox had a return on equity of 383.01% and a net margin of 11.17%.The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the firm posted $1.55 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. Analysts anticipate that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be issued a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, April 22nd. Clorox’s payout ratio is presently 81.05%.

Clorox 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.