National Pension Service Has $19.48 Million Stake in Clorox Co (CLX)
National Pension Service grew its position in Clorox Co (NYSE:CLX) by 8.6% during the fourth quarter, HoldingsChannel reports. The firm owned 130,952 shares of the company’s stock after acquiring an additional 10,343 shares during the period. National Pension Service’s holdings in Clorox were worth $19,478,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. grew its position in shares of Clorox by 16.9% in 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 grew its position in shares of Clorox by 26.5% in 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. UBS Asset Management Americas Inc. grew its position in shares of Clorox by 2.3% in 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. FMR LLC grew its position in shares of Clorox by 0.8% in the 2nd quarter. FMR LLC now owns 106,828 shares of the company’s stock valued at $14,234,000 after buying an additional 879 shares during the last quarter. Finally, TIAA FSB purchased a new position in shares of Clorox in the 2nd quarter valued at $1,869,000. Institutional investors and hedge funds own 73.27% of the company’s stock.
A number of research analysts recently commented on the stock. Wells Fargo & Co reaffirmed a “hold” rating and issued a $130.00 target price on shares of Clorox in a research report on Wednesday, December 13th. Bank of America raised shares of Clorox from an “underperform” rating to a “neutral” rating and set a $155.00 target price on the stock in a research report on Thursday, January 4th. Consumer Edge raised shares of Clorox from a “neutral” rating to an “outperform” rating in a research report on Friday, November 10th. Jefferies Group reaffirmed a “hold” rating and issued a $130.00 target price on shares of Clorox in a research report on Wednesday, December 13th. Finally, Deutsche Bank assumed coverage on shares of Clorox in a research report on Wednesday, December 13th. They issued a “hold” rating and a $142.00 target price on the stock. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $134.33.
Clorox (NYSE:CLX) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.05. Clorox had a net margin of 11.84% and a return on equity of 161.59%. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the firm posted $1.36 EPS. Clorox’s revenue for the quarter was up 4.0% on a year-over-year basis. equities analysts anticipate that Clorox Co will post 5.7 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Wednesday, January 24th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Tuesday, January 23rd. Clorox’s payout ratio is currently 61.88%.
In other Clorox news, SVP Matthew T. Laszlo sold 20,051 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $130.46, for a total transaction of $2,615,853.46. Following the transaction, the senior vice president now directly owns 10,896 shares of the company’s stock, valued at approximately $1,421,492.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael R. Costello sold 10,574 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now directly owns 34,867 shares in the company, valued at $4,742,260.67. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://theolympiareport.com/2018/01/21/national-pension-service-has-19-48-million-stake-in-clorox-co-clx.html.
Clorox 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.
Want to see what other hedge funds are holding CLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clorox Co (NYSE:CLX).
Receive News & Ratings for Clorox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clorox and related companies with MarketBeat.com's FREE daily email newsletter.