Clorox Company (The) (CLX) Shares Bought by ING Groep NV

ING Groep NV increased its position in Clorox Company (The) (NYSE:CLX) by 68.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,596 shares of the company’s stock after buying an additional 2,281 shares during the period. ING Groep NV’s holdings in Clorox Company (The) were worth $679,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fulton Breakefield Broenniman LLC raised its stake in shares of Clorox Company (The) by 0.8% in the second quarter. Fulton Breakefield Broenniman LLC now owns 77,919 shares of the company’s stock worth $10,783,000 after buying an additional 619 shares in the last quarter. Destination Wealth Management raised its stake in Clorox Company (The) by 14.6% in the third quarter. Destination Wealth Management now owns 20,845 shares of the company’s stock valued at $2,609,000 after buying an additional 2,653 shares in the last quarter. BlackRock Advisors LLC raised its stake in Clorox Company (The) by 0.7% in the third quarter. BlackRock Advisors LLC now owns 210,514 shares of the company’s stock valued at $26,353,000 after buying an additional 1,393 shares in the last quarter. BlackRock Fund Advisors raised its stake in Clorox Company (The) by 2.9% in the third quarter. BlackRock Fund Advisors now owns 3,371,486 shares of the company’s stock valued at $422,043,000 after buying an additional 96,059 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in Clorox Company (The) by 13.4% in the second quarter. Blair William & Co. IL now owns 149,783 shares of the company’s stock valued at $20,728,000 after buying an additional 17,714 shares in the last quarter. 70.14% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Clorox Company (The) (NYSE:CLX)

Clorox Company (NYSE:CLX) opened at 127.40 on Wednesday. Clorox Company has a 52 week low of $111.24 and a 52 week high of $140.47. The firm has a market cap of $16.34 billion, a price-to-earnings ratio of 25.56 and a beta of 0.32. The stock’s 50 day moving average is $122.10 and its 200 day moving average is $122.38.

Clorox Company (The) (NYSE:CLX) last issued its quarterly earnings results on Friday, February 3rd. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.22 by $0.03. Clorox Company (The) had a net margin of 11.15% and a return on equity of 239.42%. The company earned $1.41 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the company earned $1.14 EPS. Clorox Company (The)’s revenue was up 4.5% on a year-over-year basis. Equities research analysts expect that Clorox Company will post $5.33 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 5th. Investors of record on Wednesday, April 19th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Monday, April 17th. Clorox Company (The)’s payout ratio is 64.13%.

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Several research firms recently commented on CLX. Zacks Investment Research raised shares of Clorox Company (The) from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 3rd. B. Riley reissued a “neutral” rating and set a $125.00 target price on shares of Clorox Company (The) in a research note on Monday, February 6th. Morgan Stanley raised shares of Clorox Company (The) from an “underweight” rating to an “equal weight” rating and set a $112.00 target price for the company in a research note on Friday, December 16th. They noted that the move was a valuation call. RBC Capital Markets reissued a “sector perform” rating and set a $115.00 target price (down from $121.00) on shares of Clorox Company (The) in a research note on Thursday, November 3rd. Finally, BMO Capital Markets began coverage on shares of Clorox Company (The) in a research note on Thursday, December 15th. They set an “outperform” rating and a $136.00 target price for the company. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. Clorox Company (The) currently has a consensus rating of “Hold” and an average target price of $126.92.

In other news, Director A D. David Mackay acquired 5,000 shares of Clorox Company (The) stock in a transaction that occurred on Thursday, December 1st. The shares were acquired at an average price of $114.90 per share, with a total value of $574,500.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.74% of the stock is owned by company insiders.

Clorox Company (The) 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.

5 Day Chart for NYSE:CLX

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

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