Retirement Systems of Alabama Has $22.48 Million Stake in Clorox Company (The) (CLX)

Retirement Systems of Alabama boosted its holdings in Clorox Company (The) (NYSE:CLX) by 172.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 170,419 shares of the company’s stock after buying an additional 107,972 shares during the period. Retirement Systems of Alabama owned 0.13% of Clorox Company (The) worth $22,480,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CLX. American Beacon Advisors Inc. purchased a new stake in Clorox Company (The) in the 1st quarter worth $104,000. Parkside Financial Bank & Trust increased its stake in Clorox Company (The) by 3.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 796 shares of the company’s stock worth $107,000 after buying an additional 29 shares in the last quarter. Valley National Advisers Inc. increased its stake in Clorox Company (The) by 0.6% in the 2nd quarter. Valley National Advisers Inc. now owns 865 shares of the company’s stock worth $115,000 after buying an additional 5 shares in the last quarter. Blue Chip Partners Inc. increased its stake in Clorox Company (The) by 3.9% in the 2nd quarter. Blue Chip Partners Inc. now owns 941 shares of the company’s stock worth $125,000 after buying an additional 35 shares in the last quarter. Finally, Sun Life Financial INC increased its stake in Clorox Company (The) by 10,344.4% in the 2nd quarter. Sun Life Financial INC now owns 940 shares of the company’s stock worth $125,000 after buying an additional 931 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

In related news, EVP James E. Foster sold 9,861 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $138.51, for a total value of $1,365,847.11. Following the completion of the transaction, the executive vice president now owns 22,069 shares of the company’s stock, valued at approximately $3,056,777.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew T. Laszlo sold 20,051 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $130.46, for a total transaction of $2,615,853.46. Following the completion of the transaction, the senior vice president now directly owns 10,896 shares of the company’s stock, valued at approximately $1,421,492.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,293 shares of company stock valued at $5,560,303. 1.00% of the stock is owned by insiders.

A number of equities research analysts have issued reports on CLX shares. BMO Capital Markets reiterated a “buy” rating and issued a $150.00 price target on shares of Clorox Company (The) in a research note on Thursday, October 5th. Barclays PLC reiterated an “equal weight” rating and issued a $136.00 price target (down previously from $140.00) on shares of Clorox Company (The) in a research note on Friday, August 4th. Morgan Stanley cut their price target on Clorox Company (The) from $138.00 to $128.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 price target on shares of Clorox Company (The) in a research note on Sunday, October 8th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $132.00 price target (down previously from $137.00) on shares of Clorox Company (The) in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $128.72.

Clorox Company (NYSE:CLX) opened at $134.73 on Tuesday. Clorox Company has a 1-year low of $112.15 and a 1-year high of $141.76. The company has a market cap of $17,026.34, a PE ratio of 23.79, a price-to-earnings-growth ratio of 3.60 and a beta of 0.39. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 3.02.

Clorox Company (The) (NYSE:CLX) last released its quarterly earnings data on Wednesday, November 1st. The company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.41 by $0.05. Clorox Company (The) had a net margin of 11.84% and a return on equity of 161.59%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm earned $1.36 EPS. The business’s revenue was up 4.0% on a year-over-year basis. equities research analysts forecast that Clorox Company will post 5.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Wednesday, October 25th were issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Tuesday, October 24th. Clorox Company (The)’s payout ratio is 61.88%.

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Clorox Company (The) Profile

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.

Institutional Ownership by Quarter for Clorox Company (The) (NYSE:CLX)

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