21,394 Shares of The Clorox Company $CLX Acquired by M Holdings Securities Inc.

Key Points

• M Holdings Securities acquired 21,394 Clorox shares in the third quarter, valued at approximately $1.92 million; institutional investors own 78.53% of the stock.
• Analyst sentiment is cautious: the consensus rating is “Reduce,” with a consensus price target of $93.79; 11 analysts rate the stock Hold and four rate it Sell.
• Clorox beat quarterly estimates, reporting EPS of $1.55 versus $1.07 expected and revenue of $1.91 billion, up 33.3% year over year. It also declared a $1.25 quarterly dividend, equivalent to a 4.7% yield.

M Holdings Securities Inc. acquired a new stake in shares of The Clorox Company (NYSE:CLX - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 21,394 shares of the company's stock, valued at approximately $1,919,000.

Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Clorox in the 2nd quarter worth approximately $958,640,000. Bank of America Corp DE bought a new stake in shares of Clorox during the second quarter valued at approximately $179,780,000. Bank of New York Mellon Corp purchased a new stake in Clorox in the second quarter worth $123,154,000. Equity Investment Corp purchased a new stake in Clorox in the second quarter worth $111,800,000. Finally, Deutsche Bank AG purchased a new stake in Clorox in the second quarter worth $68,473,000. 78.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on CLX shares. The Goldman Sachs Group reissued a "sell" rating and set a $74.00 price objective on shares of Clorox in a research report on Tuesday, November 3rd. Cantor Fitzgerald restated an "overweight" rating on shares of Clorox in a report on Tuesday, November 3rd. Wall Street Zen raised shares of Clorox from a "sell" rating to a "hold" rating in a research report on Saturday. Citigroup decreased their price target on shares of Clorox from $97.00 to $90.00 and set a "neutral" rating for the company in a research note on Wednesday, October 14th. Finally, Barclays decreased their price target on shares of Clorox from $84.00 to $80.00 and set an "underweight" rating for the company in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $93.79.

Insider Activity

In other news, Director Pierre Breber purchased 4,000 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The shares were bought at an average price of $100.06 per share, for a total transaction of $400,240.00. Following the purchase, the director directly owned 22,000 shares in the company, valued at approximately $2,201,320. This trade represents a 22.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.51% of the stock is currently owned by corporate insiders.

Clorox Stock Performance

Clorox stock opened at $105.29 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.65 and a debt-to-equity ratio of 32.91. The company has a market capitalization of $12.76 billion, a P/E ratio of 18.94, a PEG ratio of 3.22 and a beta of 0.59. The stock's 50 day moving average is $87.77 and its 200 day moving average is $99.64. The Clorox Company has a twelve month low of $79.12 and a twelve month high of $128.90.

Clorox (NYSE:CLX - Get Free Report) last posted its quarterly earnings data on Monday, November 2nd. The company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.48. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.88 billion. Clorox had a return on equity of 608.30% and a net margin of 9.41%. The firm's revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter last year, the company earned $0.85 EPS. On average, equities research analysts predict that The Clorox Company will post 5.75 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Wednesday, October 28th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, October 28th. Clorox's payout ratio is currently 89.93%.

Clorox Profile

The Clorox Company is a consumer products company founded in 1913 and headquartered in Oakland, California. It makes and markets products for household cleaning, food, water filtration, personal care and pet care.

Its portfolio includes Clorox disinfecting and cleaning products, Glad trash bags and food-storage products, Kingsford charcoal, Brita water filters, Hidden Valley dressings and sauces, Burt's Bees personal-care products, and Fresh Step cat litter. The company also sells products under brands such as Pine-Sol and Liquid-Plumr.

Clorox serves consumers primarily in the United States and also sells products in international markets.

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