Arizona State Retirement System grew its position in shares of Clorox Co (NYSE:CLX) by 7.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,458 shares of the company’s stock after buying an additional 5,688 shares during the period. Arizona State Retirement System owned 0.07% of Clorox worth $12,711,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dupont Capital Management Corp purchased a new position in shares of Clorox during the 3rd quarter valued at $199,000. Smith Moore & CO. purchased a new position in shares of Clorox during the 3rd quarter valued at $204,000. Private Asset Management Inc. purchased a new position in shares of Clorox during the 4th quarter valued at $208,000. Lourd Capital LLC purchased a new position in shares of Clorox during the 4th quarter valued at $210,000. Finally, Gratus Capital LLC purchased a new position in shares of Clorox during the 3rd quarter valued at $215,000. 73.42% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on CLX. Argus cut Clorox from a “buy” rating to a “hold” rating and dropped their price target for the company from $150.40 to $127.81 in a research report on Thursday, February 8th. Zacks Investment Research raised Clorox from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research report on Tuesday, February 6th. BMO Capital Markets set a $147.00 price objective on Clorox and gave the company a “buy” rating in a research note on Monday, February 5th. Bank of America decreased their price objective on Clorox from $155.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday, February 5th. Finally, Morgan Stanley decreased their price objective on Clorox from $140.00 to $133.00 and set an “equal weight” rating on the stock in a research note on Monday, February 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $132.46.
Shares of Clorox Co (NYSE CLX) opened at $131.70 on Friday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.86 and a current ratio of 1.22. Clorox Co has a one year low of $124.09 and a one year high of $150.40. The stock has a market capitalization of $17,040.00, a price-to-earnings ratio of 21.70, a P/E/G ratio of 2.41 and a beta of 0.31.
Clorox (NYSE:CLX) last released its quarterly earnings data on Friday, February 2nd. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.01. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.43 billion. Clorox had a return on equity of 126.70% and a net margin of 13.21%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.14 EPS. research analysts anticipate that Clorox Co will post 6.23 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 11th. Shareholders of record on Wednesday, April 25th will be paid a $0.96 dividend. This is a positive change from Clorox’s previous quarterly dividend of $0.84. This represents a $3.84 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Tuesday, April 24th. Clorox’s dividend payout ratio is currently 55.35%.
In other Clorox news, SVP Michael R. Costello sold 10,574 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $136.01, for a total value of $1,438,169.74. Following the transaction, the senior vice president now directly owns 34,867 shares in the company, valued at approximately $4,742,260.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.
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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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