The Clorox Company $CLX Shares Purchased by Willis Investment Counsel

Willis Investment Counsel grew its stake in The Clorox Company (NYSE:CLXFree Report) by 4.3% during the 3rd quarter, Holdings Channel reports. The fund owned 232,400 shares of the company’s stock after acquiring an additional 9,494 shares during the period. Clorox comprises about 1.6% of Willis Investment Counsel’s portfolio, making the stock its 22nd biggest position. Willis Investment Counsel’s holdings in Clorox were worth $28,655,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CLX. Nomura Asset Management Co. Ltd. raised its stake in Clorox by 9.0% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 335,514 shares of the company’s stock valued at $40,285,000 after acquiring an additional 27,639 shares in the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of Clorox during the second quarter valued at $8,568,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Clorox by 64.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 25,732 shares of the company’s stock valued at $3,173,000 after purchasing an additional 10,065 shares in the last quarter. Vise Technologies Inc. acquired a new stake in Clorox in the second quarter worth about $328,000. Finally, Brookstone Capital Management grew its position in Clorox by 1,395.4% in the 3rd quarter. Brookstone Capital Management now owns 94,332 shares of the company’s stock valued at $11,631,000 after buying an additional 88,024 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company’s stock.

Clorox News Summary

Here are the key news stories impacting Clorox this week:

Insider Buying and Selling

In other news, Director Pierre R. Breber acquired 4,000 shares of Clorox stock in a transaction on Friday, November 21st. The shares were purchased at an average cost of $104.13 per share, for a total transaction of $416,520.00. Following the completion of the purchase, the director directly owned 13,000 shares of the company’s stock, valued at approximately $1,353,690. This represents a 44.44% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.63% of the stock is currently owned by company insiders.

Clorox Price Performance

Shares of CLX opened at $117.18 on Friday. The company’s 50-day moving average is $105.58 and its 200-day moving average is $114.01. The company has a debt-to-equity ratio of 71.03, a current ratio of 0.74 and a quick ratio of 0.50. The firm has a market capitalization of $14.17 billion, a PE ratio of 19.18, a PEG ratio of 0.57 and a beta of 0.59. The Clorox Company has a fifty-two week low of $96.66 and a fifty-two week high of $159.04.

Clorox (NYSE:CLXGet Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). Clorox had a net margin of 11.17% and a return on equity of 383.01%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the company earned $1.55 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts forecast that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Wednesday, January 28th will be paid a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, January 28th. Clorox’s dividend payout ratio (DPR) is 81.05%.

Wall Street Analyst Weigh In

CLX has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Clorox from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Citigroup boosted their price objective on Clorox from $109.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday. UBS Group raised their target price on Clorox from $115.00 to $121.00 and gave the company a “neutral” rating in a research note on Wednesday. The Goldman Sachs Group dropped their price target on shares of Clorox from $110.00 to $94.00 and set a “sell” rating on the stock in a research report on Wednesday, January 7th. Finally, Evercore ISI reduced their price objective on shares of Clorox from $132.00 to $115.00 and set an “underperform” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Clorox has a consensus rating of “Reduce” and an average target price of $117.93.

Check Out Our Latest Analysis on CLX

Clorox Company Profile

(Free Report)

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.

Further Reading

Want to see what other hedge funds are holding CLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Clorox Company (NYSE:CLXFree Report).

Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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