Creative Planning reduced its stake in shares of Clorox Co (NYSE:CLX) by 7.4% during the 1st quarter, HoldingsChannel reports. The firm owned 19,375 shares of the company’s stock after selling 1,539 shares during the period. Creative Planning’s holdings in Clorox were worth $3,109,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Visionary Asset Management Inc. purchased a new stake in shares of Clorox in the 4th quarter worth about $225,000. Phocas Financial Corp. purchased a new stake in shares of Clorox in the 4th quarter worth about $193,000. Oregon Public Employees Retirement Fund raised its stake in Clorox by 48,033.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,808,980 shares of the company’s stock valued at $44,000 after purchasing an additional 6,794,834 shares during the last quarter. Deutsche Bank AG raised its stake in Clorox by 10.2% in the 4th quarter. Deutsche Bank AG now owns 307,703 shares of the company’s stock valued at $47,425,000 after purchasing an additional 28,361 shares during the last quarter. Finally, Montecito Bank & Trust raised its stake in Clorox by 24.0% in the 1st quarter. Montecito Bank & Trust now owns 5,212 shares of the company’s stock valued at $836,000 after purchasing an additional 1,009 shares during the last quarter. Institutional investors own 76.94% of the company’s stock.
In other news, SVP Matthew T. Laszlo sold 10,585 shares of the company’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $153.89, for a total transaction of $1,628,925.65. Following the completion of the transaction, the senior vice president now owns 17,994 shares of the company’s stock, valued at approximately $2,769,096.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Andrew J. Mowery sold 5,340 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $156.44, for a total transaction of $835,389.60. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.
Clorox (NYSE:CLX) last posted its quarterly earnings data on Monday, February 4th. The company reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.08. Clorox had a net margin of 12.65% and a return on equity of 105.97%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $1.77 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts expect that Clorox Co will post 6.3 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, April 23rd. Clorox’s dividend payout ratio is currently 61.34%.
CLX has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Clorox from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Wells Fargo & Co reissued a “hold” rating and issued a $157.00 target price on shares of Clorox in a research note on Monday, February 4th. Citigroup set a $171.00 target price on shares of Clorox and gave the company a “hold” rating in a research note on Tuesday, February 5th. JPMorgan Chase & Co. downgraded shares of Clorox from a “neutral” rating to an “underweight” rating and cut their target price for the company from $159.00 to $139.00 in a research note on Monday, April 8th. Finally, BMO Capital Markets set a $175.00 target price on shares of Clorox and gave the company a “buy” rating in a research note on Tuesday, February 5th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $151.21.
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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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