Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Holdings in Clorox Company (The) (CLX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Clorox Company (The) (NYSE:CLX) by 9.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,497 shares of the company’s stock after acquiring an additional 928 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Clorox were worth $1,385,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Achmea Investment Management B.V. raised its holdings in Clorox by 37.2% during the 3rd quarter. Achmea Investment Management B.V. now owns 17,422 shares of the company’s stock worth $2,297,000 after buying an additional 4,726 shares during the period. JPMorgan Chase & Co. raised its holdings in Clorox by 63.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 417,347 shares of the company’s stock worth $54,269,000 after buying an additional 161,555 shares during the period. Legal & General Group Plc raised its holdings in Clorox by 5.1% during the 3rd quarter. Legal & General Group Plc now owns 783,258 shares of the company’s stock worth $103,287,000 after buying an additional 37,859 shares during the period. Jackson Wealth Management LLC raised its holdings in Clorox by 11.6% during the 3rd quarter. Jackson Wealth Management LLC now owns 11,237 shares of the company’s stock worth $1,452,000 after buying an additional 1,169 shares during the period. Finally, Ffcm LLC raised its holdings in Clorox by 30.0% during the 3rd quarter. Ffcm LLC now owns 7,358 shares of the company’s stock worth $971,000 after buying an additional 1,698 shares during the period. Hedge funds and other institutional investors own 73.42% of the company’s stock.

Several research firms have issued reports on CLX. Jefferies Group restated a “hold” rating and set a $137.00 price objective (up previously from $136.00) on shares of Clorox in a report on Wednesday, August 9th. Zacks Investment Research upgraded Clorox from a “sell” rating to a “hold” rating in a report on Monday, November 6th. BMO Capital Markets restated a “buy” rating and set a $150.00 price objective on shares of Clorox in a report on Thursday, October 5th. Consumer Edge upgraded Clorox from a “neutral” rating to an “outperform” rating in a report on Friday, November 10th. Finally, Morgan Stanley cut their price objective on Clorox from $138.00 to $128.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $128.72.

In related news, SVP Michael R. Costello sold 10,574 shares of the business’s stock in a transaction that occurred on 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Matthew T. Laszlo sold 20,051 shares of the business’s stock in a transaction that occurred on 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. Insiders own 1.00% of the company’s stock.

Clorox Company (NYSE:CLX) opened at $139.64 on Monday. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.77 and a current ratio of 1.10. Clorox Company has a 12 month low of $113.01 and a 12 month high of $141.76. The firm has a market capitalization of $18,004.99, a PE ratio of 25.16, a price-to-earnings-growth ratio of 3.81 and a beta of 0.43.

Clorox (NYSE:CLX) last released its earnings results on Wednesday, November 1st. The company reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.05. Clorox had a return on equity of 161.59% and a net margin of 11.84%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business posted $1.36 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. equities research analysts forecast that Clorox Company will post 5.58 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Wednesday, January 24th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $3.36 annualized dividend and a dividend yield of 2.41%. Clorox’s payout ratio is 61.88%.

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Clorox Company Profile

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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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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