The Clorox Company (NYSE:CLX) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in shares of The Clorox Company (NYSE:CLX) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,923 shares of the company’s stock after selling 473 shares during the quarter. Retirement Systems of Alabama’s holdings in Clorox were worth $4,386,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CLX. Prospera Private Wealth LLC acquired a new stake in shares of Clorox during the third quarter worth $27,000. Continuum Advisory LLC grew its holdings in Clorox by 300.0% in the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock valued at $30,000 after buying an additional 138 shares during the period. Innealta Capital LLC acquired a new position in shares of Clorox during the 2nd quarter valued at about $30,000. Trifecta Capital Advisors LLC lifted its holdings in shares of Clorox by 139.8% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 223 shares of the company’s stock worth $30,000 after acquiring an additional 130 shares during the period. Finally, Quarry LP boosted its position in shares of Clorox by 99.1% in the second quarter. Quarry LP now owns 229 shares of the company’s stock worth $31,000 after acquiring an additional 114 shares during the last quarter. 78.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CLX shares. Citigroup upped their price target on shares of Clorox from $165.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. upped their price objective on Clorox from $148.00 to $174.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. StockNews.com upgraded Clorox from a “hold” rating to a “buy” rating in a report on Wednesday. Barclays upped their price target on Clorox from $137.00 to $139.00 and gave the stock an “underweight” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group raised Clorox from a “hold” rating to a “buy” rating and lifted their price objective for the company from $174.00 to $187.00 in a research note on Tuesday, October 1st. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $155.38.

Clorox Price Performance

Shares of CLX stock opened at $164.13 on Friday. The firm has a fifty day simple moving average of $164.08 and a 200-day simple moving average of $152.48. The company has a market capitalization of $20.32 billion, a PE ratio of 57.19, a price-to-earnings-growth ratio of 3.04 and a beta of 0.42. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The company has a current ratio of 1.00, a quick ratio of 0.62 and a debt-to-equity ratio of 11.08.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.50. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Clorox had a net margin of 4.78% and a return on equity of 316.08%. The firm’s revenue for the quarter was up 27.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 EPS. Equities research analysts anticipate that The Clorox Company will post 6.85 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Wednesday, January 29th will be issued a dividend of $1.22 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This represents a $4.88 annualized dividend and a yield of 2.97%. Clorox’s dividend payout ratio is presently 170.03%.

Clorox Profile

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.