State of New Jersey Common Pension Fund D Sells 1,505 Shares of The Clorox Company (NYSE:CLX)

State of New Jersey Common Pension Fund D cut its position in shares of The Clorox Company (NYSE:CLXFree Report) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,337 shares of the company’s stock after selling 1,505 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.05% of Clorox worth $8,825,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Tyler Stone Wealth Management bought a new position in Clorox during the second quarter worth $25,000. Bogart Wealth LLC lifted its stake in shares of Clorox by 105.6% in the second quarter. Bogart Wealth LLC now owns 185 shares of the company’s stock valued at $29,000 after buying an additional 95 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Clorox in the first quarter valued at $31,000. First Capital Advisors Group LLC. bought a new position in shares of Clorox in the second quarter valued at $35,000. Finally, American National Bank lifted its stake in shares of Clorox by 2,466.7% in the third quarter. American National Bank now owns 231 shares of the company’s stock valued at $30,000 after buying an additional 222 shares in the last quarter. 77.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Citigroup raised shares of Clorox from a “neutral” rating to a “buy” rating and raised their price target for the company from $135.00 to $150.00 in a research report on Thursday, November 2nd. Jefferies Financial Group began coverage on shares of Clorox in a research note on Monday, November 13th. They issued an “underperform” rating and a $117.00 target price for the company. JPMorgan Chase & Co. lifted their target price on shares of Clorox from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. StockNews.com upgraded shares of Clorox from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Barclays lifted their target price on shares of Clorox from $115.00 to $118.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Clorox has a consensus rating of “Hold” and an average price target of $144.64.

View Our Latest Stock Analysis on CLX

Clorox Trading Down 0.7 %

Shares of CLX opened at $153.20 on Monday. The firm has a market cap of $19.01 billion, a price-to-earnings ratio of 243.18, a PEG ratio of 2.31 and a beta of 0.43. The company has a debt-to-equity ratio of 11.37, a quick ratio of 0.57 and a current ratio of 0.89. The Clorox Company has a fifty-two week low of $114.68 and a fifty-two week high of $178.21. The firm has a 50 day moving average price of $144.23 and a 200-day moving average price of $141.76.

Clorox (NYSE:CLXGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $1.08. Clorox had a net margin of 1.09% and a return on equity of 319.41%. The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business posted $0.98 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts forecast that The Clorox Company will post 5.59 earnings per share for the current year.

Clorox Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Wednesday, January 24th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Tuesday, January 23rd. Clorox’s dividend payout ratio is presently 761.92%.

Clorox Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding CLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Clorox Company (NYSE:CLXFree Report).

Institutional Ownership by Quarter for Clorox (NYSE:CLX)

Receive News & Ratings for Clorox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clorox and related companies with MarketBeat.com's FREE daily email newsletter.