Traders Buy Shares of Clorox (CLX) on Weakness
Traders purchased shares of Clorox Co (NYSE:CLX) on weakness during trading on Monday. $47.22 million flowed into the stock on the tick-up and $32.26 million flowed out of the stock on the tick-down, for a money net flow of $14.96 million into the stock. Of all equities tracked, Clorox had the 31st highest net in-flow for the day. Clorox traded down ($0.85) for the day and closed at $127.95
CLX has been the subject of several recent analyst reports. Deutsche Bank initiated coverage on Clorox in a research report on Wednesday, December 13th. They set a “hold” rating and a $142.00 target price for the company. Wells Fargo & Co reiterated a “hold” rating and issued a $130.00 price target on shares of Clorox in a report on Wednesday, December 13th. Consumer Edge upgraded Clorox from a “neutral” rating to an “outperform” rating in a report on Friday, November 10th. Morgan Stanley lowered their price target on Clorox from $138.00 to $128.00 and set an “equal weight” rating for the company in a report on Thursday, November 2nd. Finally, Bank of America upgraded Clorox from an “underperform” rating to a “neutral” rating and set a $155.00 price target for the company in a report on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $132.46.
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 company has a market capitalization of $16,560.00, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 2.41 and a beta of 0.31.
The business also recently announced a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Wednesday, January 24th were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Tuesday, January 23rd. This represents a $3.36 dividend on an annualized basis and a yield of 2.63%. Clorox’s dividend payout ratio is currently 55.35%.
In other Clorox news, SVP Michael R. Costello sold 10,574 shares of the company’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 completion of the sale, the senior vice president now owns 34,867 shares in the company, valued at $4,742,260.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Clorox by 63.2% during the third quarter. JPMorgan Chase & Co. now owns 417,347 shares of the company’s stock worth $54,269,000 after buying an additional 161,555 shares during the period. Vident Investment Advisory LLC acquired a new position in shares of Clorox during the third quarter worth $1,477,000. Shell Asset Management Co. increased its position in shares of Clorox by 102.5% during the third quarter. Shell Asset Management Co. now owns 119,382 shares of the company’s stock worth $11,465,000 after purchasing an additional 60,427 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Clorox by 417.8% during the third quarter. Allianz Asset Management GmbH now owns 63,868 shares of the company’s stock worth $8,425,000 after purchasing an additional 51,534 shares in the last quarter. Finally, Jensen Investment Management Inc. increased its position in shares of Clorox by 12.1% during the fourth quarter. Jensen Investment Management Inc. now owns 40,960 shares of the company’s stock worth $6,092,000 after purchasing an additional 4,435 shares in the last quarter. Institutional investors own 73.42% of the company’s stock.
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.
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