SG Americas Securities LLC Has $28.07 Million Stock Holdings in The Clorox Company $CLX

Key Points

• SG Americas Securities LLC boosted its stake in The Clorox Company by 77% in Q4, owning 278,345 shares worth about $28.07 million, or roughly 0.23% of the company.
• Analysts are mixed but cautious: the MarketBeat consensus rating is "Reduce" with an average price target of $118.73, amid several recent target adjustments from major firms.
• Clorox declared a quarterly dividend of $1.24 (annualized $4.96), yielding about 4.9%, with an ex-dividend date of April 22 and payment on May 8.

SG Americas Securities LLC increased its position in The Clorox Company (NYSE:CLX - Free Report) by 77.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 278,345 shares of the company's stock after purchasing an additional 121,085 shares during the quarter. SG Americas Securities LLC owned approximately 0.23% of Clorox worth $28,066,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CLX. Canandaigua National Bank & Trust Co. increased its position in Clorox by 0.8% during the third quarter. Canandaigua National Bank & Trust Co. now owns 11,196 shares of the company's stock worth $1,380,000 after buying an additional 94 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Clorox by 1.7% in the third quarter. Fisher Asset Management LLC now owns 6,053 shares of the company's stock valued at $746,000 after buying an additional 102 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Clorox by 8.5% during the 3rd quarter. Blue Trust Inc. now owns 1,333 shares of the company's stock worth $164,000 after acquiring an additional 104 shares during the period. Westhampton Capital LLC increased its holdings in shares of Clorox by 0.5% during the 3rd quarter. Westhampton Capital LLC now owns 23,150 shares of the company's stock worth $2,854,000 after acquiring an additional 107 shares during the last quarter. Finally, Parvin Asset Management LLC increased its holdings in shares of Clorox by 5.7% during the 2nd quarter. Parvin Asset Management LLC now owns 2,035 shares of the company's stock worth $244,000 after acquiring an additional 109 shares during the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. raised their price target on Clorox from $114.00 to $117.00 and gave the company a "neutral" rating in a report on Wednesday, February 4th. Wells Fargo & Company set a $125.00 price objective on shares of Clorox in a report on Tuesday, February 17th. Jefferies Financial Group dropped their price objective on shares of Clorox from $152.00 to $151.00 and set a "buy" rating on the stock in a research report on Wednesday, February 4th. Morgan Stanley raised their target price on shares of Clorox from $125.00 to $136.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 5th. Finally, UBS Group lifted their target price on shares of Clorox from $115.00 to $121.00 and gave the stock a "neutral" rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $118.73.

Clorox Stock Performance

CLX opened at $102.04 on Friday. The company has a debt-to-equity ratio of 71.03, a current ratio of 0.74 and a quick ratio of 0.48. The business has a fifty day simple moving average of $115.80 and a 200 day simple moving average of $112.49. The Clorox Company has a 1 year low of $96.66 and a 1 year high of $150.84. The company has a market capitalization of $12.34 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 0.52 and a beta of 0.59.

Clorox (NYSE:CLX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.04). The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. Clorox had a return on equity of 383.01% and a net margin of 11.17%.The firm's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 EPS. Research analysts expect that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be paid a $1.24 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $4.96 annualized dividend and a yield of 4.9%. Clorox's payout ratio is 81.05%.

About Clorox

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company's flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox's diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.

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