Arizona State Retirement System Has $5.83 Million Position in The Clorox Company (NYSE:CLX)

Arizona State Retirement System increased its holdings in shares of The Clorox Company (NYSE:CLX) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,920 shares of the company’s stock after acquiring an additional 340 shares during the quarter. Arizona State Retirement System’s holdings in Clorox were worth $5,834,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CLX. Brooklyn Investment Group increased its holdings in shares of Clorox by 163.8% during the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock worth $25,000 after acquiring an additional 95 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Clorox during the 3rd quarter worth approximately $27,000. Continuum Advisory LLC increased its holdings in shares of Clorox by 300.0% during the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock worth $30,000 after acquiring an additional 138 shares during the last quarter. Asset Planning Inc acquired a new position in shares of Clorox during the 4th quarter worth approximately $32,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Clorox during the 4th quarter worth approximately $36,000. 78.53% of the stock is owned by institutional investors and hedge funds.

Clorox Price Performance

Shares of CLX stock opened at $151.11 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The Clorox Company has a twelve month low of $127.60 and a twelve month high of $171.37. The company has a market cap of $18.61 billion, a P/E ratio of 41.29, a P/E/G ratio of 2.62 and a beta of 0.42. The business has a fifty day simple moving average of $155.65 and a 200 day simple moving average of $160.34.

Clorox (NYSE:CLX) last announced its quarterly earnings data on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.16. Clorox had a return on equity of 316.87% and a net margin of 6.38%. During the same quarter in the prior year, the company posted $2.16 earnings per share. On average, sell-side analysts forecast that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd will be issued a $1.22 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.88 dividend on an annualized basis and a yield of 3.23%. Clorox’s payout ratio is presently 133.33%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CLX shares. Barclays boosted their target price on Clorox from $130.00 to $140.00 and gave the stock an “underweight” rating in a report on Wednesday, February 5th. Evercore ISI upped their price objective on Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. Wells Fargo & Company upped their price objective on Clorox from $157.00 to $161.00 and gave the company an “equal weight” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price objective on Clorox from $171.00 to $173.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, StockNews.com lowered Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $159.62.

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.