Mirae Asset Global Investments Co. Ltd. purchased a new position in Clorox Co (NYSE:CLX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,965 shares of the company’s stock, valued at approximately $1,048,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Clorox in the 3rd quarter worth approximately $130,000. Fort L.P. bought a new stake in shares of Clorox in the 2nd quarter worth approximately $129,000. Legacy Advisors LLC bought a new stake in shares of Clorox in the 3rd quarter worth approximately $150,000. Cutler Group LP bought a new stake in shares of Clorox in the 3rd quarter worth approximately $162,000. Finally, NuWave Investment Management LLC bought a new stake in shares of Clorox in the 3rd quarter worth approximately $187,000. 77.96% of the stock is currently owned by institutional investors and hedge funds.

In other news, COO Dawn C. Willoughby sold 54,205 shares of Clorox stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $157.39, for a total transaction of $8,531,324.95. Following the transaction, the chief operating officer now directly owns 37,044 shares in the company, valued at approximately $5,830,355.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Benno O. Dorer sold 152,449 shares of Clorox stock in a transaction on Tuesday, December 4th. The shares were sold at an average price of $164.83, for a total value of $25,128,168.67. Following the transaction, the chief executive officer now owns 111,735 shares in the company, valued at $18,417,280.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 287,911 shares of company stock worth $46,842,570. 1.40% of the stock is owned by insiders.

Several analysts recently issued reports on the company. Wells Fargo & Co raised their price target on Clorox from $145.00 to $160.00 and gave the stock a “market perform” rating in a report on Wednesday. They noted that the move was a valuation call. Zacks Investment Research upgraded Clorox from a “sell” rating to a “hold” rating in a research report on Monday, December 10th. Bank of America restated a “neutral” rating and issued a $170.00 target price (up from $150.00) on shares of Clorox in a research report on Thursday, December 6th. Citigroup raised their target price on Clorox from $153.00 to $169.00 and gave the company a “hold” rating in a research report on Tuesday, November 20th. Finally, BMO Capital Markets raised their target price on Clorox from $153.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, November 2nd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $146.00.

CLX opened at $164.52 on Friday. Clorox Co has a 12 month low of $113.57 and a 12 month high of $167.70. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.65 and a current ratio of 1.07. The company has a market capitalization of $21.00 billion, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 4.04 and a beta of 0.30.

Clorox (NYSE:CLX) last posted its earnings results on Wednesday, October 31st. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.59 by $0.03. Clorox had a return on equity of 102.65% and a net margin of 13.59%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the firm earned $1.46 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. As a group, research analysts expect that Clorox Co will post 6.31 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Wednesday, January 23rd will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Tuesday, January 22nd. Clorox’s dividend payout ratio (DPR) is presently 61.34%.

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Clorox Profile

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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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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