Clorox Company (The) (CLX) Position Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its holdings in shares of Clorox Company (The) (NYSE:CLX) by 0.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 356,600 shares of the company’s stock after selling 1,200 shares during the quarter. New York State Common Retirement Fund owned approximately 0.28% of Clorox worth $47,039,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Sumitomo Life Insurance Co. raised its stake in shares of Clorox by 4.4% in the second quarter. Sumitomo Life Insurance Co. now owns 7,671 shares of the company’s stock valued at $1,022,000 after buying an additional 323 shares during the period. NGAM Advisors L.P. grew its position in shares of Clorox by 3.3% in the second quarter. NGAM Advisors L.P. now owns 58,263 shares of the company’s stock valued at $7,763,000 after purchasing an additional 1,869 shares in the last quarter. IBM Retirement Fund grew its position in shares of Clorox by 117.4% in the second quarter. IBM Retirement Fund now owns 3,137 shares of the company’s stock valued at $467,000 after purchasing an additional 1,694 shares in the last quarter. Janney Capital Management LLC grew its position in shares of Clorox by 0.5% in the second quarter. Janney Capital Management LLC now owns 1,611 shares of the company’s stock valued at $214,000 after purchasing an additional 8 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of Clorox by 3.4% in the second quarter. Janney Montgomery Scott LLC now owns 36,348 shares of the company’s stock valued at $4,843,000 after purchasing an additional 1,186 shares in the last quarter. Institutional investors and hedge funds own 73.42% of the company’s stock.

Several equities analysts have recently weighed in on CLX shares. BMO Capital Markets reiterated a “buy” rating and issued a $150.00 price target on shares of Clorox in a research report on Thursday, October 5th. Morgan Stanley reduced their price target on Clorox from $138.00 to $128.00 and set an “equal weight” rating for the company in a research report on Thursday, November 2nd. Jefferies Group reiterated a “hold” rating and issued a $132.00 price target on shares of Clorox in a research report on Wednesday, November 1st. Royal Bank Of Canada restated a “hold” rating and set a $115.00 target price on shares of Clorox in a research report on Sunday, October 8th. Finally, Zacks Investment Research upgraded Clorox from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. Clorox has a consensus rating of “Hold” and an average price target of $128.72.

Clorox Company (NYSE CLX) opened at $145.05 on Thursday. Clorox Company has a fifty-two week low of $113.95 and a fifty-two week high of $145.32. The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 3.02. The stock has a market capitalization of $18,652.26, a PE ratio of 26.07, a PEG ratio of 3.93 and a beta of 0.43.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.05. Clorox had a return on equity of 161.59% and a net margin of 11.84%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the business earned $1.36 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. research analysts anticipate that Clorox Company will post 5.6 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Wednesday, January 24th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Tuesday, January 23rd. Clorox’s payout ratio is currently 61.88%.

In other news, SVP Michael R. Costello sold 10,574 shares of the business’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 completion of the sale, the senior vice president now owns 34,867 shares of the company’s stock, valued at approximately $4,742,260.67. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Matthew T. Laszlo sold 20,051 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $130.46, for a total value of $2,615,853.46. Following the completion of the sale, the senior vice president now directly owns 10,896 shares of the company’s stock, valued at approximately $1,421,492.16. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

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About Clorox

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.

Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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