California State Teachers Retirement System lessened its holdings in shares of The Clorox Company (NYSE:CLX – Get Rating) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 211,397 shares of the company’s stock after selling 1,657 shares during the period. California State Teachers Retirement System owned 0.17% of Clorox worth $27,141,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SPC Financial Inc. bought a new stake in shares of Clorox in the 3rd quarter valued at about $200,000. Point72 Hong Kong Ltd acquired a new stake in Clorox during the 3rd quarter valued at approximately $51,000. MML Investors Services LLC raised its holdings in Clorox by 10.1% during the 3rd quarter. MML Investors Services LLC now owns 24,450 shares of the company’s stock worth $3,139,000 after purchasing an additional 2,234 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Clorox in the 3rd quarter worth approximately $569,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Clorox by 345.0% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 63,478 shares of the company’s stock valued at $8,948,000 after purchasing an additional 49,213 shares during the last quarter. 79.12% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently issued reports on CLX shares. UBS Group boosted their target price on shares of Clorox from $129.00 to $140.00 in a report on Friday, February 3rd. Morgan Stanley raised their target price on Clorox from $142.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Friday, February 3rd. Raymond James boosted their price target on Clorox from $160.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, February 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Clorox from $126.00 to $135.00 and gave the company an “underweight” rating in a research note on Friday, January 13th. Finally, StockNews.com started coverage on shares of Clorox in a research report on Thursday. They set a “hold” rating on the stock. Seven analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $141.33.
Clorox Stock Performance
Clorox (NYSE:CLX – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.32. Clorox had a return on equity of 89.97% and a net margin of 6.16%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the business earned $0.66 EPS. The business’s revenue was up 1.4% on a year-over-year basis. Equities analysts anticipate that The Clorox Company will post 4.23 earnings per share for the current fiscal year.
Clorox Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Wednesday, April 26th will be paid a $1.18 dividend. The ex-dividend date of this dividend is Tuesday, April 25th. This represents a $4.72 annualized dividend and a yield of 3.07%. Clorox’s dividend payout ratio (DPR) is 134.86%.
Clorox Company Profile
The Clorox Co engages in the manufacture and marketing of consumer and professional products. It operates through the following business segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment consists of cleaning products, professional products and vitamins, minerals and supplements mainly marketed and sold in the United States.
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