NEXT Financial Group Inc Acquires 1,800 Shares of Clorox Co (NYSE:CLX)

NEXT Financial Group Inc boosted its holdings in Clorox Co (NYSE:CLX) by 47.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,570 shares of the company’s stock after buying an additional 1,800 shares during the quarter. NEXT Financial Group Inc’s holdings in Clorox were worth $853,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Zions Bancorporation N.A. purchased a new position in shares of Clorox during the first quarter worth about $28,000. Northstar Capital Management LLC bought a new stake in Clorox in the 1st quarter worth approximately $29,000. Paragon Capital Management LLC bought a new stake in Clorox in the 1st quarter worth approximately $35,000. Penserra Capital Management LLC bought a new stake in Clorox in the 1st quarter worth approximately $36,000. Finally, Trustcore Financial Services LLC bought a new stake in Clorox in the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

In other Clorox news, SVP Diego J. Barral sold 1,987 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $157.59, for a total transaction of $313,131.33. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Denise Garner sold 20,399 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $157.61, for a total transaction of $3,215,086.39. Following the completion of the transaction, the senior vice president now owns 4,896 shares in the company, valued at $771,658.56. The disclosure for this sale can be found here. Insiders have sold 25,786 shares of company stock worth $4,054,776 over the last ninety days. Insiders own 1.40% of the company’s stock.

Several brokerages have weighed in on CLX. Citigroup set a $156.00 price objective on Clorox and gave the company a “hold” rating in a research report on Thursday, May 23rd. Zacks Investment Research upgraded Clorox from a “sell” rating to a “hold” rating and set a $175.00 price objective for the company in a research report on Monday, July 29th. Argus downgraded Clorox from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. ValuEngine downgraded Clorox from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Deutsche Bank upgraded Clorox from a “sell” rating to a “hold” rating and set a $139.00 target price for the company in a report on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $154.07.

Clorox stock opened at $158.95 on Friday. The company has a 50 day moving average of $158.57 and a 200-day moving average of $155.60. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 4.09. The stock has a market capitalization of $20.25 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 5.00 and a beta of 0.37. Clorox Co has a twelve month low of $141.53 and a twelve month high of $167.70.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.88 EPS for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.04. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.69 billion. Clorox had a net margin of 13.20% and a return on equity of 118.88%. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.66 earnings per share. Equities analysts anticipate that Clorox Co will post 6.4 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Wednesday, July 31st will be given a dividend of $1.06 per share. This is a positive change from Clorox’s previous quarterly dividend of $0.96. This represents a $4.24 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, July 30th. Clorox’s dividend payout ratio is 67.09%.

About Clorox

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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