The Clorox Company (NYSE:CLX) Shares Purchased by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC boosted its stake in shares of The Clorox Company (NYSE:CLX) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,870 shares of the company’s stock after purchasing an additional 1,315 shares during the period. Mizuho Markets Americas LLC’s holdings in Clorox were worth $7,147,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CLX. Archer Investment Corp grew its holdings in shares of Clorox by 4,023.4% during the 3rd quarter. Archer Investment Corp now owns 2,639 shares of the company’s stock worth $430,000 after purchasing an additional 2,575 shares during the period. Empirical Finance LLC lifted its position in Clorox by 2.2% during the third quarter. Empirical Finance LLC now owns 4,274 shares of the company’s stock valued at $696,000 after buying an additional 93 shares in the last quarter. CIBC Asset Management Inc grew its stake in Clorox by 6.7% during the third quarter. CIBC Asset Management Inc now owns 21,144 shares of the company’s stock worth $3,445,000 after buying an additional 1,332 shares during the period. OneDigital Investment Advisors LLC acquired a new position in shares of Clorox during the 3rd quarter valued at $207,000. Finally, Huntington National Bank boosted its position in Clorox by 4.2% during the 3rd quarter. Huntington National Bank now owns 13,786 shares of the company’s stock worth $2,246,000 after purchasing an additional 559 shares during the period. Institutional investors and hedge funds own 78.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. BNP Paribas upgraded Clorox to a “strong sell” rating in a research note on Friday, September 6th. TD Cowen raised shares of Clorox from a “sell” rating to a “hold” rating and boosted their target price for the stock from $155.00 to $170.00 in a research report on Wednesday, November 6th. DA Davidson lifted their target price on Clorox from $153.00 to $171.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Evercore ISI dropped their price target on Clorox from $140.00 to $139.00 and set an “underperform” rating on the stock in a research report on Monday, October 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Clorox from $148.00 to $174.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Clorox has an average rating of “Hold” and a consensus price target of $155.00.

Clorox Trading Up 1.2 %

Shares of NYSE:CLX opened at $167.69 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.00 and a debt-to-equity ratio of 11.08. The company’s 50-day moving average price is $162.45 and its 200 day moving average price is $147.47. The company has a market cap of $20.76 billion, a PE ratio of 58.43, a P/E/G ratio of 3.06 and a beta of 0.41. The Clorox Company has a fifty-two week low of $127.60 and a fifty-two week high of $169.09.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.50. Clorox had a return on equity of 316.08% and a net margin of 4.78%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. The business’s revenue was up 27.0% on a year-over-year basis. Sell-side analysts anticipate that The Clorox Company will post 6.85 earnings per share for the current year.

Clorox Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Wednesday, October 23rd were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Wednesday, October 23rd. Clorox’s dividend payout ratio (DPR) is 170.04%.

Insider Activity at Clorox

In related news, EVP Angela C. Hilt sold 1,733 shares of Clorox stock in a transaction on Friday, September 6th. The stock was sold at an average price of $165.52, for a total value of $286,846.16. Following the transaction, the executive vice president now directly owns 13,471 shares in the company, valued at $2,229,719.92. The trade was a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.57% of the company’s stock.

Clorox Company Profile

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.