DNB Asset Management AS lowered its position in Clorox Co (NYSE:CLX) by 11.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 14,625 shares of the company’s stock after selling 1,870 shares during the quarter. DNB Asset Management AS’s holdings in Clorox were worth $2,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Athena Capital Advisors LLC bought a new stake in shares of Clorox in the fourth quarter worth $25,000. Meeder Asset Management Inc. purchased a new position in Clorox during the fourth quarter valued at $26,000. Capital Financial Planning LLC purchased a new position in Clorox during the fourth quarter valued at $32,000. City Holding Co. lifted its position in Clorox by 150.0% during the fourth quarter. City Holding Co. now owns 250 shares of the company’s stock valued at $39,000 after purchasing an additional 150 shares in the last quarter. Finally, G&S Capital LLC lifted its position in Clorox by 46.4% during the fourth quarter. G&S Capital LLC now owns 262 shares of the company’s stock valued at $40,000 after purchasing an additional 83 shares in the last quarter. 76.90% of the stock is owned by institutional investors.
In other news, SVP Matthew T. Laszlo sold 10,585 shares of the business’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $153.89, for a total value of $1,628,925.65. Following the transaction, the senior vice president now directly owns 17,994 shares in the company, valued at $2,769,096.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Andrew J. Mowery sold 5,340 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $156.44, for a total value of $835,389.60. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
Shares of Clorox stock opened at $152.34 on Wednesday. Clorox Co has a 52 week low of $113.57 and a 52 week high of $167.70. The stock has a market capitalization of $19.79 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 3.86 and a beta of 0.32. The company has a current ratio of 1.15, a quick ratio of 0.66 and a debt-to-equity ratio of 3.08.
Clorox (NYSE:CLX) last announced its quarterly earnings data on Monday, February 4th. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.32 by $0.08. Clorox had a return on equity of 105.97% and a net margin of 12.65%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the business earned $1.77 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Clorox Co will post 6.31 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Wednesday, April 24th will be given a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $3.84 annualized dividend and a dividend yield of 2.52%. Clorox’s payout ratio is 61.34%.
Clorox Company Profile
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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