Cambridge Trust Co. Increases Stake in Clorox Co (CLX)
Cambridge Trust Co. boosted its position in Clorox Co (NYSE:CLX) by 8.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,624 shares of the company’s stock after acquiring an additional 895 shares during the period. Cambridge Trust Co.’s holdings in Clorox were worth $1,865,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Athena Capital Advisors LLC bought a new position in Clorox in the fourth quarter valued at about $25,000. Meeder Asset Management Inc. bought a new position in Clorox in the fourth quarter valued at about $26,000. Capital Financial Planning LLC bought a new position in Clorox in the fourth quarter valued at about $32,000. Paragon Capital Management LLC bought a new position in Clorox in the first quarter valued at about $35,000. Finally, City Holding Co. boosted its holdings in Clorox by 150.0% in the fourth quarter. City Holding Co. now owns 250 shares of the company’s stock valued at $39,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 76.90% of the company’s stock.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut Clorox from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Barclays restated a “hold” rating and set a $142.00 target price on shares of Clorox in a report on Wednesday, February 6th. BMO Capital Markets set a $175.00 target price on Clorox and gave the stock a “buy” rating in a report on Tuesday, February 5th. Credit Suisse Group assumed coverage on Clorox in a report on Wednesday, March 6th. They set an “outperform” rating and a $172.00 target price on the stock. Finally, Wells Fargo & Co restated a “hold” rating and set a $157.00 target price on shares of Clorox in a report on Thursday, February 21st. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $151.21.
Shares of Clorox stock opened at $153.48 on Monday. Clorox Co has a 52-week low of $113.57 and a 52-week high of $167.70. The company has a market capitalization of $19.67 billion, a P/E ratio of 24.52, a PEG ratio of 3.98 and a beta of 0.32. The company has a current ratio of 1.15, a quick ratio of 0.66 and a debt-to-equity ratio of 3.08.
Clorox (NYSE:CLX) last announced its earnings results on Monday, February 4th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.08. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. Clorox had a return on equity of 105.97% and a net margin of 12.65%. Clorox’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.77 EPS. Research analysts forecast that Clorox Co will post 6.3 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Tuesday, April 23rd. Clorox’s dividend payout ratio (DPR) is 61.34%.
The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; and professional cleaning, disinfecting, and food service products under the Clorox, Dispatch, HealthLink, Clorox Healthcare, Hidden Valley, KC Masterpiece, and Soy Vay brands.
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