Published On: Wed, Sep 14th, 2016

Clorox Co. (CLX) Announces $0.80 Quarterly Dividend

Clorox Co. (NYSE:CLX) declared a quarterly dividend on Tuesday, September 13th. Investors of record on Wednesday, October 26th will be paid a dividend of 0.80 per share on Monday, November 14th. This represents a $3.20 dividend on an annualized basis and a yield of 2.60%.
Clorox (NYSE:CLX) traded down 0.77% on Tuesday, reaching $123.09. The company’s stock had a trading volume of 1,260,585 shares. The company has a market capitalization of $15.94 billion, a price-to-earnings ratio of 25.02 and a beta of 0.33. Clorox has a 52 week low of $111.65 and a 52 week high of $140.47. The firm’s 50 day moving average price is $130.76 and its 200-day moving average price is $130.21.
Clorox (NYSE:CLX) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $1.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by $0.02. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.58 billion. Clorox had a return on equity of 296.91% and a net margin of 11.25%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.44 earnings per share. On average, equities analysts predict that Clorox will post $5.48 EPS for the current year.

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In other news, SVP Jon M. Balousek sold 5,136 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $131.14, for a total value of $673,535.04. Following the completion of the sale, the senior vice president now owns 15,384 shares of the company’s stock, valued at $2,017,457.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Nikolaos A. Vlahos sold 925 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $133.07, for a total value of $123,089.75. The disclosure for this sale can be found here. 2.09% of the stock is owned by insiders.
Several large investors have recently modified their holdings of CLX. Valley National Advisers Inc. increased its stake in shares of Clorox by 0.6% in the second quarter. Valley National Advisers Inc. now owns 845 shares of the company’s stock valued at $117,000 after buying an additional 5 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Clorox by 1.0% in the second quarter. Wetherby Asset Management Inc. now owns 2,408 shares of the company’s stock valued at $333,000 after buying an additional 25 shares during the last quarter. Burney Co. increased its stake in shares of Clorox by 1.3% in the second quarter. Burney Co. now owns 5,783 shares of the company’s stock valued at $800,000 after buying an additional 74 shares during the last quarter. Advisor Partners LLC increased its stake in shares of Clorox by 4.4% in the second quarter. Advisor Partners LLC now owns 2,087 shares of the company’s stock valued at $289,000 after buying an additional 87 shares during the last quarter. Finally, Advantus Capital Management Inc increased its stake in shares of Clorox by 0.8% in the second quarter. Advantus Capital Management Inc now owns 12,777 shares of the company’s stock valued at $1,768,000 after buying an additional 100 shares during the last quarter. 70.17% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on CLX shares. Deutsche Bank AG reiterated a “hold” rating and issued a $134.00 price objective (up previously from $130.00) on shares of Clorox in a research note on Sunday, July 24th. Zacks Investment Research upgraded Clorox from a “hold” rating to a “buy” rating and set a $148.00 price objective for the company in a research note on Monday, August 8th. Atlantic Securities started coverage on Clorox in a research note on Tuesday, June 14th. They issued a “neutral” rating and a $138.00 price objective for the company. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $131.00 price objective (up previously from $125.00) on shares of Clorox in a research note on Friday, July 15th. Finally, Jefferies Group reiterated a “hold” rating on shares of Clorox in a research note on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $128.30.
Clorox Company Profile
The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors. The Company operates through four segments: Cleaning, Household, Lifestyle and International.

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