California State Teachers Retirement System Decreases Stake in The Clorox Company $CLX

California State Teachers Retirement System decreased its holdings in The Clorox Company (NYSE:CLX - Free Report) by 21.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 143,523 shares of the company's stock after selling 38,265 shares during the quarter. California State Teachers Retirement System owned 0.12% of Clorox worth $13,697,835 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new stake in Clorox in the second quarter valued at $958,640,000. Geode Capital Management LLC increased its position in shares of Clorox by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 3,172,233 shares of the company's stock valued at $318,613,000 after purchasing an additional 10,060 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Clorox by 15.7% during the 4th quarter. Van ECK Associates Corp now owns 3,136,405 shares of the company's stock valued at $316,244,000 after purchasing an additional 426,433 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Clorox during the 2nd quarter valued at about $179,780,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Clorox by 9.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,619,396 shares of the company's stock worth $163,284,000 after buying an additional 142,463 shares in the last quarter. Institutional investors and hedge funds own 78.53% of the company's stock.

Clorox Stock Performance

Clorox stock traded down $1.78 during mid-day trading on Tuesday, reaching $87.53. 1,367,885 shares of the stock traded hands, compared to its average volume of 2,610,291. The stock has a market capitalization of $10.58 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 2.75 and a beta of 0.56. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38. The Clorox Company has a 12-month low of $84.70 and a 12-month high of $128.90. The business's 50-day moving average is $99.09 and its 200-day moving average is $100.11.

Clorox (NYSE:CLX - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.02. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.91 billion. During the same period in the prior year, the business posted $2.87 EPS. The firm's quarterly revenue was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. As a group, sell-side analysts predict that The Clorox Company will post 5.8 EPS for the current fiscal year.

Clorox Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th were issued a $1.25 dividend. This is a boost from Clorox's previous quarterly dividend of $1.24. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $5.00 annualized dividend and a dividend yield of 5.7%. Clorox's dividend payout ratio (DPR) is presently 103.73%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CLX shares. BNP Paribas Exane dropped their target price on Clorox from $97.00 to $95.00 and set a "neutral" rating on the stock in a research report on Monday, July 20th. Citigroup reduced their target price on Clorox from $100.00 to $97.00 and set a "neutral" rating on the stock in a report on Friday. Weiss Ratings restated a "hold (c-)" rating on shares of Clorox in a research note on Friday, July 10th. JPMorgan Chase & Co. boosted their price objective on Clorox from $92.00 to $95.00 and gave the stock an "underweight" rating in a research report on Tuesday, August 4th. Finally, Barclays reiterated an "underweight" rating and issued a $84.00 price objective on shares of Clorox in a report on Tuesday, August 4th. Twelve research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Clorox presently has an average rating of "Reduce" and a consensus target price of $101.40.

Clorox Profile

The Clorox Company NYSE: CLX is a consumer products company that develops, manufactures and markets household, health and wellness, and lifestyle products. Its portfolio includes cleaning and disinfecting products, laundry and home-care items, food products, personal-care products, water-filtration systems, charcoal, and cat litter.

Clorox's brands include Clorox bleach and disinfecting products, Pine-Sol, Fresh Step and Scoop Away, Kingsford, Brita, Burt's Bees, Hidden Valley, and products marketed under the Glad name.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.