Retirement Systems of Alabama Reduces Stake in The Clorox Company (NYSE:CLX)

Retirement Systems of Alabama reduced its position in The Clorox Company (NYSE:CLX) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 26,800 shares of the company’s stock after selling 123 shares during the period. Retirement Systems of Alabama’s holdings in Clorox were worth $4,353,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group increased its stake in Clorox by 163.8% in the 4th quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock valued at $25,000 after purchasing an additional 95 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in Clorox in the 3rd quarter valued at approximately $27,000. Continuum Advisory LLC grew its holdings in Clorox by 300.0% during the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock valued at $30,000 after buying an additional 138 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new stake in Clorox during the 3rd quarter valued at $48,000. Finally, Friedenthal Financial acquired a new stake in Clorox during the 3rd quarter valued at $49,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CLX has been the topic of a number of analyst reports. StockNews.com cut Clorox from a “buy” rating to a “hold” rating in a report on Sunday, January 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 target price on shares of Clorox in a report on Thursday, January 30th. Evercore ISI increased their target price on Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. DA Davidson decreased their price objective on Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Barclays raised their price objective on Clorox from $130.00 to $140.00 and gave the stock an “underweight” rating in a report on Wednesday, February 5th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $158.21.

Clorox Trading Down 0.9 %

NYSE:CLX opened at $147.08 on Tuesday. The business’s 50-day moving average is $161.06 and its two-hundred day moving average is $159.07. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.62. The Clorox Company has a 12 month low of $127.60 and a 12 month high of $171.37. The firm has a market capitalization of $18.21 billion, a PE ratio of 40.18, a price-to-earnings-growth ratio of 2.52 and a beta of 0.42.

Clorox (NYSE:CLX) last released its quarterly earnings data 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 return on equity of 316.87% and a net margin of 6.38%. During the same period last year, the firm earned $2.16 EPS. Research analysts predict that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Wednesday, January 29th will be given a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Wednesday, January 29th. Clorox’s payout ratio is 133.33%.

About Clorox

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.