2,087 Shares in Clorox Company (The) (CLX) Acquired by BB&T Investment Services Inc.

BB&T Investment Services Inc. bought a new position in shares of Clorox Company (The) (NYSE:CLX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,087 shares of the company’s stock, valued at approximately $279,000.

Other large investors also recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new position in shares of Clorox Company (The) in the first quarter worth $104,000. Parkside Financial Bank & Trust increased its holdings in shares of Clorox Company (The) by 3.8% in the second quarter. Parkside Financial Bank & Trust now owns 796 shares of the company’s stock worth $107,000 after purchasing an additional 29 shares during the period. Valley National Advisers Inc. increased its holdings in shares of Clorox Company (The) by 0.6% in the second quarter. Valley National Advisers Inc. now owns 865 shares of the company’s stock worth $115,000 after purchasing an additional 5 shares during the period. Blue Chip Partners Inc. increased its holdings in shares of Clorox Company (The) by 3.9% in the second quarter. Blue Chip Partners Inc. now owns 941 shares of the company’s stock worth $125,000 after purchasing an additional 35 shares during the period. Finally, Sun Life Financial INC increased its holdings in shares of Clorox Company (The) by 10,344.4% in the second quarter. Sun Life Financial INC now owns 940 shares of the company’s stock worth $125,000 after purchasing an additional 931 shares during the period. Hedge funds and other institutional investors own 71.33% of the company’s stock.

Clorox Company (NYSE:CLX) traded up 0.41% on Friday, reaching $131.27. The company had a trading volume of 152,333 shares. The stock has a market capitalization of $16.94 billion, a PE ratio of 24.61 and a beta of 0.39. The stock’s 50 day moving average price is $133.56 and its 200-day moving average price is $134.38. Clorox Company has a 12-month low of $111.24 and a 12-month high of $141.76.

Clorox Company (The) (NYSE:CLX) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.49 by $0.04. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Clorox Company (The) had a net margin of 11.74% and a return on equity of 190.67%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 EPS. Equities analysts expect that Clorox Company will post $5.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Wednesday, October 25th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Tuesday, October 24th. Clorox Company (The)’s payout ratio is currently 63.04%.

Several research firms have recently weighed in on CLX. Jefferies Group LLC reaffirmed a “hold” rating and issued a $137.00 price target (up previously from $136.00) on shares of Clorox Company (The) in a report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $115.00 price target on shares of Clorox Company (The) in a report on Sunday, October 8th. Zacks Investment Research cut shares of Clorox Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BMO Capital Markets set a $150.00 price target on shares of Clorox Company (The) and gave the stock a “buy” rating in a report on Thursday, August 3rd. Finally, BidaskClub raised shares of Clorox Company (The) from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $127.39.

In other news, COO Dawn C. Willoughby sold 2,158 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $138.00, for a total value of $297,804.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James E. Foster sold 9,861 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $138.51, for a total transaction of $1,365,847.11. Following the completion of the sale, the executive vice president now owns 22,069 shares in the company, valued at $3,056,777.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,242 shares of company stock worth $2,944,449. Corporate insiders own 1.00% of the company’s stock.

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Clorox Company (The) Company Profile

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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Institutional Ownership by Quarter for Clorox Company (The) (NYSE:CLX)

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