New Mexico Educational Retirement Board cut its stake in Clorox Co (NYSE:CLX) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,675 shares of the company’s stock after selling 200 shares during the period. New Mexico Educational Retirement Board’s holdings in Clorox were worth $1,713,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Athena Capital Advisors LLC purchased a new position in shares of Clorox during the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new position in shares of Clorox during the 4th quarter worth approximately $26,000. Capital Financial Planning LLC purchased a new position in shares of Clorox during the 4th quarter worth approximately $32,000. Paragon Capital Management LLC purchased a new position in shares of Clorox during the 1st quarter worth approximately $35,000. Finally, City Holding Co. increased its stake in shares of Clorox by 150.0% during the 4th quarter. City Holding Co. now owns 250 shares of the company’s stock worth $39,000 after purchasing an additional 150 shares in the last quarter. 76.90% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Clorox from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. Wells Fargo & Co reissued a “hold” rating and set a $157.00 price objective on shares of Clorox in a research note on Monday, February 4th. JPMorgan Chase & Co. cut shares of Clorox from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $159.00 to $139.00 in a research note on Monday, April 8th. Citigroup set a $171.00 price objective on shares of Clorox and gave the stock a “hold” rating in a research note on Tuesday, February 5th. Finally, Barclays reissued a “hold” rating and set a $142.00 price objective on shares of Clorox in a research note on Wednesday, February 6th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Clorox currently has a consensus rating of “Hold” and an average price target of $151.21.
CLX stock opened at $153.48 on Friday. The company has a market capitalization of $19.67 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 3.86 and a beta of 0.32. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.15 and a quick ratio of 0.66. Clorox Co has a one year low of $113.57 and a one year high of $167.70.
Clorox (NYSE:CLX) last released its earnings results on Monday, February 4th. The company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.08. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Clorox had a net margin of 12.65% and a return on equity of 105.97%. Clorox’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.77 EPS. As a group, sell-side analysts expect that Clorox Co will post 6.31 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Wednesday, April 24th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $3.84 annualized dividend and a yield of 2.50%. Clorox’s payout ratio is currently 61.34%.
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Clorox Company Profile
The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Cleaning, Household, Lifestyle, and International. The company offers laundry additives, including bleach products under the Clorox brand, as well as Clorox 2 stain fighter and color booster; home care products primarily under the Clorox, Formula 409, Liquid-Plumr, Pine-Sol, S.O.S, and Tilex brands; naturally derived products under the Green Works brand; and professional cleaning, disinfecting, and food service products under the Clorox, Dispatch, HealthLink, Clorox Healthcare, Hidden Valley, KC Masterpiece, and Soy Vay brands.
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