Municipal Employees Retirement System of Michigan Sells 790 Shares of Clorox Company (The) (CLX)

Municipal Employees Retirement System of Michigan decreased its stake in shares of Clorox Company (The) (NYSE:CLX) by 6.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 11,120 shares of the company’s stock after selling 790 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Clorox Company (The) were worth $1,467,000 as of its most recent SEC filing.

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

Clorox Company (NYSE:CLX) opened at $133.51 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 3.02. The company has a market capitalization of $17,080.00, a PE ratio of 24.38, a PEG ratio of 3.69 and a beta of 0.39. Clorox Company has a 1 year low of $112.28 and a 1 year high of $141.76.

Clorox Company (The) (NYSE:CLX) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.05. Clorox Company (The) had a return on equity of 161.59% and a net margin of 11.84%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company earned $1.36 EPS. Clorox Company (The)’s revenue for the quarter was up 4.0% compared to the same quarter last year. sell-side analysts anticipate that Clorox Company will post 5.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 9th. Investors of record on Wednesday, January 24th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Tuesday, January 23rd. This represents a $3.36 annualized dividend and a yield of 2.52%. Clorox Company (The)’s payout ratio is 61.65%.

In related news, EVP James E. Foster sold 9,861 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $138.51, for a total transaction of $1,365,847.11. Following the transaction, the executive vice president now directly owns 22,069 shares in the company, valued at approximately $3,056,777.19. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Matthew T. Laszlo sold 20,051 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $130.46, for a total value of $2,615,853.46. Following the transaction, the senior vice president now owns 10,896 shares in the company, valued at $1,421,492.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,293 shares of company stock worth $5,560,303. 1.00% of the stock is owned by corporate insiders.

A number of analysts recently issued reports on CLX shares. Deutsche Bank AG reissued a “hold” rating and set a $137.00 price objective (up previously from $126.00) on shares of Clorox Company (The) in a report on Saturday, July 22nd. BidaskClub cut Clorox Company (The) from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Zacks Investment Research cut Clorox Company (The) from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $115.00 price target on shares of Clorox Company (The) in a report on Wednesday, August 2nd. Finally, BMO Capital Markets set a $150.00 price target on Clorox Company (The) and gave the company a “buy” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $128.72.

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Clorox Company (The) Company 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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