Benjamin F. Edwards & Company Inc. boosted its position in shares of Clorox Co (NYSE:CLX) by 15.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,082 shares of the company’s stock after buying an additional 1,784 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Clorox were worth $1,946,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of CLX. CIBC World Markets Inc. raised its holdings in Clorox by 39.7% during the 2nd quarter. CIBC World Markets Inc. now owns 3,801 shares of the company’s stock valued at $506,000 after buying an additional 1,081 shares during the last quarter. Franklin Resources Inc. raised its holdings in Clorox by 16.9% during the 2nd quarter. Franklin Resources Inc. now owns 32,052 shares of the company’s stock valued at $4,270,000 after buying an additional 4,640 shares during the last quarter. Profund Advisors LLC raised its holdings in Clorox by 26.5% during the 2nd quarter. Profund Advisors LLC now owns 3,763 shares of the company’s stock valued at $501,000 after buying an additional 789 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in Clorox during the 2nd quarter valued at $4,899,000. Finally, UBS Asset Management Americas Inc. raised its holdings in Clorox by 2.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 489,348 shares of the company’s stock valued at $65,201,000 after buying an additional 10,946 shares during the last quarter. Institutional investors own 73.27% of the company’s stock.
Clorox Co (NYSE CLX) opened at $144.32 on Thursday. The company has a debt-to-equity ratio of 3.02, a current ratio of 1.10 and a quick ratio of 0.77. Clorox Co has a 1-year low of $118.87 and a 1-year high of $150.40. The company 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.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Wednesday, January 24th will be paid a $0.84 dividend. The ex-dividend date is Tuesday, January 23rd. This represents a $3.36 annualized dividend and a dividend yield of 2.33%. Clorox’s payout ratio is 61.65%.
A number of equities research analysts recently commented on the stock. Wells Fargo & Co reiterated a “hold” rating and set a $130.00 price target on shares of Clorox in a report on Wednesday, December 13th. Bank of America upgraded shares of Clorox from an “underperform” rating to a “neutral” rating and set a $155.00 price objective for the company in a report on Thursday, January 4th. Consumer Edge upgraded shares of Clorox from a “neutral” rating to an “outperform” rating in a report on Friday, November 10th. Jefferies Group restated a “hold” rating and issued a $130.00 price objective on shares of Clorox in a report on Wednesday, December 13th. Finally, Deutsche Bank initiated coverage on shares of Clorox in a report on Wednesday, December 13th. They issued a “hold” rating and a $142.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $134.33.
In related news, SVP Matthew T. Laszlo sold 20,051 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $130.46, for a total value of $2,615,853.46. Following the completion of the transaction, the senior vice president now directly owns 10,896 shares in the company, valued at approximately $1,421,492.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michael R. Costello sold 10,574 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $136.01, for a total transaction of $1,438,169.74. Following the completion of the transaction, the senior vice president now owns 34,867 shares of the company’s stock, valued at $4,742,260.67. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.
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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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