Clorox Co (CLX) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its holdings in Clorox Co (NYSE:CLX) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 219,429 shares of the company’s stock after selling 20,111 shares during the quarter. California State Teachers Retirement System owned about 0.17% of Clorox worth $28,945,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CLX. Schwab Charles Investment Management Inc. increased its holdings in Clorox by 5.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 616,698 shares of the company’s stock worth $82,169,000 after buying an additional 29,968 shares during the period. Conning Inc. increased its holdings in Clorox by 2.1% in the 2nd quarter. Conning Inc. now owns 4,762 shares of the company’s stock worth $634,000 after buying an additional 100 shares during the period. LMR Partners LLP increased its holdings in Clorox by 39.3% in the 2nd quarter. LMR Partners LLP now owns 9,589 shares of the company’s stock worth $1,278,000 after buying an additional 2,703 shares during the period. WASHINGTON TRUST Co increased its holdings in Clorox by 12.7% in the 2nd quarter. WASHINGTON TRUST Co now owns 13,479 shares of the company’s stock worth $1,796,000 after buying an additional 1,516 shares during the period. Finally, IMS Capital Management acquired a new position in Clorox in the 2nd quarter worth approximately $168,000. Institutional investors own 73.42% of the company’s stock.

In related news, SVP Matthew T. Laszlo sold 20,051 shares of Clorox stock in a transaction 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 sale, the senior vice president now owns 10,896 shares of the company’s stock, valued at approximately $1,421,492.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael R. Costello sold 10,574 shares of Clorox stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $136.01, for a total transaction of $1,438,169.74. Following the completion of the sale, the senior vice president now directly owns 34,867 shares in the company, valued at approximately $4,742,260.67. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Several brokerages recently weighed in on CLX. Jefferies Group reiterated a “hold” rating and issued a $130.00 price target on shares of Clorox in a report on Wednesday, December 13th. Wells Fargo & Company reiterated a “hold” rating and issued a $130.00 price target on shares of Clorox in a report on Wednesday, December 13th. Deutsche Bank began coverage on shares of Clorox in a report on Wednesday, December 13th. They issued a “hold” rating and a $142.00 price target on the stock. Zacks Investment Research upgraded shares of Clorox from a “sell” rating to a “hold” rating in a report on Monday, November 6th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $150.00 price target on shares of Clorox in a report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $129.05.

Shares of Clorox Co (CLX) opened at $147.63 on Monday. The company has a market cap of $19,037.84, a P/E ratio of 26.60, a PEG ratio of 4.02 and a beta of 0.43. Clorox Co has a one year low of $117.94 and a one year high of $148.23. 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 (NYSE:CLX) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.05. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Clorox had a net margin of 11.84% and a return on equity of 161.59%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $1.36 EPS. research analysts forecast that Clorox Co will post 5.6 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Stockholders of record on Wednesday, January 24th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.28%. Clorox’s payout ratio is 61.88%.

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About Clorox

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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