Sigma Planning Corp trimmed its position in shares of Clorox Co (NYSE:CLX) by 6.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,153 shares of the company’s stock after selling 1,318 shares during the period. Sigma Planning Corp’s holdings in Clorox were worth $2,913,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of CLX. Athena Capital Advisors LLC acquired a new position in Clorox during the 4th quarter valued at $25,000. Meeder Asset Management Inc. acquired a new position in shares of Clorox in the 4th quarter valued at $26,000. Capital Financial Planning LLC acquired a new position in shares of Clorox in the 4th quarter valued at $32,000. Paragon Capital Management LLC acquired a new position in shares of Clorox in the 1st quarter valued at $35,000. Finally, City Holding Co. raised its stake in shares of Clorox by 150.0% in the 4th quarter. City Holding Co. now owns 250 shares of the company’s stock valued at $39,000 after buying an additional 150 shares in the last quarter. 77.70% of the stock is owned by hedge funds and other institutional investors.
Clorox stock traded up $0.57 during trading hours on Wednesday, reaching $147.40. 1,249,730 shares of the company’s stock traded hands, compared to its average volume of 1,207,122. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 2.93. Clorox Co has a fifty-two week low of $119.86 and a fifty-two week high of $167.70. The company has a market cap of $19.06 billion, a PE ratio of 23.55, a PEG ratio of 4.35 and a beta of 0.31.
Clorox (NYSE:CLX) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.03). The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.57 billion. Clorox had a net margin of 12.68% and a return on equity of 108.82%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.37 earnings per share. Research analysts forecast that Clorox Co will post 6.29 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Wednesday, July 31st will be given a $1.06 dividend. This represents a $4.24 dividend on an annualized basis and a dividend yield of 2.88%. This is an increase from Clorox’s previous quarterly dividend of $0.96. The ex-dividend date is Tuesday, July 30th. Clorox’s dividend payout ratio (DPR) is currently 61.34%.
A number of equities analysts have recently issued reports on CLX shares. Zacks Investment Research upgraded shares of Clorox from a “hold” rating to a “buy” rating and set a $177.00 price objective for the company in a research note on Monday, March 11th. BMO Capital Markets set a $175.00 target price on shares of Clorox and gave the stock a “buy” rating in a report on Tuesday, February 5th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $157.00 target price on shares of Clorox in a report on Thursday, February 21st. Credit Suisse Group assumed coverage on shares of Clorox in a report on Wednesday, March 6th. They issued an “outperform” rating and a $172.00 target price on the stock. Finally, Barclays reissued a “hold” rating and set a $142.00 price objective on shares of Clorox in a report on Wednesday, February 6th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Clorox presently has a consensus rating of “Hold” and an average target price of $149.29.
In related news, SVP Andrew J. Mowery sold 5,340 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $156.44, for a total value of $835,389.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.
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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.
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