State of Michigan Retirement System Sells 200 Shares of The Clorox Company (NYSE:CLX)

State of Michigan Retirement System decreased its position in The Clorox Company (NYSE:CLX) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,551 shares of the company’s stock after selling 200 shares during the period. State of Michigan Retirement System’s holdings in Clorox were worth $5,449,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CLX. Wealth Group Ltd. acquired a new stake in Clorox during the third quarter worth approximately $231,000. Asset Management One Co. Ltd. boosted its holdings in shares of Clorox by 0.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 82,210 shares of the company’s stock worth $13,393,000 after buying an additional 593 shares in the last quarter. QRG Capital Management Inc. bought a new position in shares of Clorox during the 3rd quarter worth approximately $225,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Clorox during the 3rd quarter worth approximately $54,000. Finally, Radnor Capital Management LLC bought a new stake in shares of Clorox in the 3rd quarter valued at $553,000. Institutional investors own 78.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Clorox from $171.00 to $173.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. DA Davidson cut their price objective on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Barclays boosted their target price on Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a research report on Wednesday, February 5th. StockNews.com cut Clorox from a “buy” rating to a “hold” rating in a research note on Sunday, January 5th. Finally, Evercore ISI boosted their price objective on Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $159.62.

Clorox Trading Down 1.1 %

NYSE CLX opened at $148.18 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.60 and a debt-to-equity ratio of 20.52. The firm has a market capitalization of $18.25 billion, a P/E ratio of 40.49, a PEG ratio of 2.62 and a beta of 0.42. The business has a fifty day simple moving average of $155.89 and a 200 day simple moving average of $160.32. The Clorox Company has a 12 month low of $127.60 and a 12 month high of $171.37.

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

Clorox Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Wednesday, April 23rd will be issued a $1.22 dividend. This represents a $4.88 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Wednesday, April 23rd. Clorox’s dividend payout ratio is presently 133.33%.

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.