Shell Asset Management Co. decreased its stake in Clorox Co (NYSE:CLX) by 51.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,755 shares of the company’s stock after selling 61,627 shares during the period. Shell Asset Management Co.’s holdings in Clorox were worth $8,590,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its position in Clorox by 0.8% during the second quarter. FMR LLC now owns 106,828 shares of the company’s stock worth $14,234,000 after acquiring an additional 879 shares during the last quarter. Verition Fund Management LLC acquired a new position in Clorox during the second quarter worth about $251,000. Cetera Investment Advisers raised its position in Clorox by 17.9% during the second quarter. Cetera Investment Advisers now owns 2,627 shares of the company’s stock worth $348,000 after acquiring an additional 399 shares during the last quarter. Perigon Wealth Management LLC raised its position in Clorox by 274.1% during the second quarter. Perigon Wealth Management LLC now owns 4,564 shares of the company’s stock worth $608,000 after acquiring an additional 3,344 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its position in Clorox by 13.4% during the third quarter. Eqis Capital Management Inc. now owns 3,580 shares of the company’s stock worth $472,000 after acquiring an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 73.42% of the company’s stock.
Clorox Co (CLX) opened at $131.70 on Friday. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.22 and a quick ratio of 0.86. The firm has a market cap of $17,042.51, a P/E ratio of 23.82, a PEG ratio of 2.47 and a beta of 0.31. Clorox Co has a 52-week low of $124.09 and a 52-week high of $150.40.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Wednesday, April 25th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Tuesday, April 24th. This is a positive change from Clorox’s previous quarterly dividend of $0.84. Clorox’s payout ratio is currently 55.45%.
A number of equities analysts have issued reports on the stock. Jefferies Group restated a “hold” rating and set a $130.00 target price on shares of Clorox in a research report on Wednesday, December 13th. Wells Fargo & Co restated a “hold” rating and set a $130.00 target price on shares of Clorox in a research report on Wednesday, December 13th. Deutsche Bank assumed coverage on shares of Clorox in a research report on Wednesday, December 13th. They set a “hold” rating and a $142.00 target price for the company. Zacks Investment Research upgraded shares of Clorox from a “hold” rating to a “buy” rating and set a $163.00 target price for the company in a research report on Monday, January 8th. Finally, Bank of America upgraded shares of Clorox from an “underperform” rating to a “neutral” rating and set a $155.00 target price for the company in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, ten 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 price target of $132.46.
In other news, SVP Michael R. Costello sold 10,574 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $136.01, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.
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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