Mather Group LLC. grew its position in The Clorox Company (NYSE:CLX – Free Report) by 8,799.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,503 shares of the company’s stock after purchasing an additional 135,958 shares during the quarter. Mather Group LLC.’s holdings in Clorox were worth $11,139,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in CLX. Godsey & Gibb Inc. boosted its stake in Clorox by 30.7% in the 3rd quarter. Godsey & Gibb Inc. now owns 1,627 shares of the company’s stock valued at $141,000 after purchasing an additional 382 shares during the period. Krilogy Financial LLC acquired a new position in Clorox in the 3rd quarter valued at $867,000. JBGlobal.com LLC acquired a new position in Clorox in the 3rd quarter valued at $443,000. NorthCrest Asset Manangement LLC increased its position in Clorox by 198.7% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 10,686 shares of the company’s stock worth $866,000 after buying an additional 7,108 shares during the period. Finally, Armstrong Advisory Group Inc. increased its position in Clorox by 52.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 576 shares of the company’s stock worth $51,000 after buying an additional 197 shares during the period. Institutional investors own 78.53% of the company’s stock.
Clorox Trading Up 0.6%
Shares of NYSE:CLX opened at $84.96 on Thursday. The business’s 50 day simple moving average is $93.03 and its 200 day simple moving average is $95.46. The Clorox Company has a 1 year low of $79.12 and a 1 year high of $128.90. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38. The company has a market capitalization of $10.27 billion, a P/E ratio of 17.63, a P/E/G ratio of 2.66 and a beta of 0.59.
Clorox Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Wednesday, October 28th will be given a $1.25 dividend. The ex-dividend date is Wednesday, October 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.9%. Clorox’s dividend payout ratio (DPR) is presently 103.73%.
Analyst Ratings Changes
CLX has been the subject of a number of research reports. Wells Fargo & Company dropped their target price on Clorox from $90.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, October 5th. Evercore set a $99.00 price target on shares of Clorox in a research note on Tuesday, August 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clorox in a research report on Tuesday, October 6th. Barclays reaffirmed an “underweight” rating and set a $84.00 price target on shares of Clorox in a research report on Tuesday, August 4th. Finally, Wall Street Zen cut shares of Clorox from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Twelve research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $96.64.
View Our Latest Analysis on Clorox
Clorox Company Profile
The Clorox Company is a consumer and professional products company that develops, manufactures and markets household cleaning, disinfecting, wellness and personal care products. Its portfolio includes the Clorox bleach and cleaning brands, as well as products sold under brands such as Pine-Sol, Liquid-Plumr, Fresh Step, Scoop Away, Kingsford, Hidden Valley, Burt’s Bees and Brita.
Clorox also offers trash bags, food products, water-filtration systems, charcoal and grilling products, cat litter, and professional cleaning and disinfecting solutions.
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