The Clorox Company (NYSE:CLX) Shares Acquired by State of Michigan Retirement System

State of Michigan Retirement System boosted its position in The Clorox Company (NYSE:CLX) by 0.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,051 shares of the company’s stock after purchasing an additional 100 shares during the period. State of Michigan Retirement System’s holdings in Clorox were worth $5,214,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CLX. Point72 Asset Management L.P. acquired a new position in shares of Clorox during the 4th quarter worth $144,844,000. Norges Bank acquired a new stake in shares of Clorox in the fourth quarter valued at approximately $128,382,000. Parsifal Capital Management LP purchased a new position in shares of Clorox during the 4th quarter worth approximately $128,245,000. Confluence Investment Management LLC acquired a new position in shares of Clorox during the 1st quarter worth approximately $135,630,000. Finally, International Assets Investment Management LLC lifted its stake in Clorox by 17,658.5% in the 4th quarter. International Assets Investment Management LLC now owns 484,453 shares of the company’s stock valued at $69,078,000 after buying an additional 481,725 shares in the last quarter. 78.53% of the stock is owned by institutional investors and hedge funds.

Clorox Stock Down 0.5 %

Shares of NYSE:CLX opened at $133.54 on Wednesday. The stock has a 50-day simple moving average of $136.74 and a 200-day simple moving average of $143.73. The stock has a market capitalization of $16.58 billion, a P/E ratio of 69.19, a PEG ratio of 2.19 and a beta of 0.39. The Clorox Company has a 1 year low of $114.68 and a 1 year high of $169.14. The company has a debt-to-equity ratio of 9.73, a quick ratio of 0.53 and a current ratio of 0.90.

Clorox (NYSE:CLX) last released its quarterly earnings data on Tuesday, April 30th. The company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.38. Clorox had a net margin of 3.33% and a return on equity of 302.49%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the firm earned $1.51 earnings per share. Clorox’s revenue for the quarter was down 5.3% on a year-over-year basis. Equities analysts forecast that The Clorox Company will post 5.91 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on CLX shares. DA Davidson reissued a “neutral” rating and set a $162.00 price target on shares of Clorox in a research report on Wednesday, April 17th. Evercore ISI cut their target price on shares of Clorox from $145.00 to $142.00 and set an “underperform” rating for the company in a research note on Wednesday, May 1st. JPMorgan Chase & Co. decreased their price target on shares of Clorox from $159.00 to $158.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Barclays reduced their price objective on shares of Clorox from $136.00 to $132.00 and set an “underweight” rating on the stock in a research note on Thursday, May 2nd. Finally, Argus raised shares of Clorox to a “hold” rating in a research note on Tuesday, June 4th. Five analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to data from MarketBeat.com, Clorox currently has a consensus rating of “Hold” and a consensus price target of $145.33.

Clorox Company 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.