State of Tennessee Department of Treasury Acquires 15,810 Shares of The Clorox Company (NYSE:CLX)

State of Tennessee Department of Treasury lifted its holdings in The Clorox Company (NYSE:CLX - Free Report) by 69.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,455 shares of the company's stock after buying an additional 15,810 shares during the period. State of Tennessee Department of Treasury's holdings in Clorox were worth $6,245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. California Public Employees Retirement System raised its stake in Clorox by 1.3% in the 4th quarter. California Public Employees Retirement System now owns 565,810 shares of the company's stock valued at $91,893,000 after acquiring an additional 6,987 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in Clorox during the 4th quarter valued at $204,000. Apollon Wealth Management LLC lifted its position in shares of Clorox by 119.6% during the fourth quarter. Apollon Wealth Management LLC now owns 3,364 shares of the company's stock worth $546,000 after acquiring an additional 1,832 shares in the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of Clorox in the fourth quarter valued at $1,566,000. Finally, Wellington Management Group LLP lifted its holdings in Clorox by 18.8% during the 4th quarter. Wellington Management Group LLP now owns 4,074 shares of the company's stock worth $662,000 after purchasing an additional 646 shares in the last quarter. 78.53% of the stock is owned by hedge funds and other institutional investors.

Clorox Trading Down 0.5 %

Shares of Clorox stock traded down $0.78 on Wednesday, hitting $140.43. The stock had a trading volume of 280,227 shares, compared to its average volume of 1,299,880. The Clorox Company has a one year low of $127.60 and a one year high of $171.37. The stock has a market cap of $17.30 billion, a price-to-earnings ratio of 38.37, a PEG ratio of 2.62 and a beta of 0.61. The company has a quick ratio of 0.60, a current ratio of 0.94 and a debt-to-equity ratio of 20.52. The stock's 50-day simple moving average is $145.13 and its two-hundred day simple moving average is $155.39.

Clorox (NYSE:CLX - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.16. Clorox had a net margin of 6.38% and a return on equity of 316.87%. During the same quarter in the previous year, the company earned $2.16 EPS. As a group, sell-side analysts predict that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 23rd will be paid a $1.22 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $4.88 annualized dividend and a yield of 3.48%. Clorox's payout ratio is 133.33%.

Analyst Ratings Changes

CLX has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of Clorox from $165.00 to $150.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company dropped their price objective on Clorox from $155.00 to $145.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Evercore ISI boosted their price objective on Clorox from $145.00 to $155.00 in a report on Tuesday, February 4th. StockNews.com downgraded shares of Clorox from a "buy" rating to a "hold" rating in a research note on Sunday, January 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Clorox from $173.00 to $151.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Clorox has an average rating of "Hold" and a consensus target price of $153.83.

Clorox Profile

The Clorox Company manufactures and markets consumer and professional products worldwide. It operates through four segments: Health and Wellness, Household, Lifestyle, and International. The Health and Wellness segment offers cleaning products, such as laundry additives and home care products primarily under the Clorox, Clorox2, Scentiva, Pine-Sol, Liquid-Plumr, Tilex, and Formula 409 brands; professional cleaning and disinfecting products under the CloroxPro and Clorox Healthcare brands; professional food service products under the Hidden Valley brand; and vitamins, minerals and supplement products under the RenewLife, Natural Vitality, NeoCell, and Rainbow Light brands in the United States.