Louisiana State Employees Retirement System Sells 300 Shares of The Clorox Company (NYSE:CLX)

Louisiana State Employees Retirement System decreased its stake in shares of The Clorox Company (NYSE:CLX) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,700 shares of the company’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Clorox were worth $1,088,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brooklyn Investment Group lifted its position in Clorox by 163.8% during the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock valued at $25,000 after purchasing an additional 95 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Clorox in the third quarter valued at $27,000. Continuum Advisory LLC raised its stake in shares of Clorox by 300.0% in the third quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock valued at $30,000 after acquiring an additional 138 shares during the period. Carolina Wealth Advisors LLC purchased a new stake in shares of Clorox in the third quarter valued at $48,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Clorox in the third quarter valued at $54,000. Institutional investors own 78.53% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of Clorox from $130.00 to $140.00 and gave the company an “underweight” rating in a research note on Wednesday, February 5th. Evercore ISI raised their price target on shares of Clorox from $145.00 to $155.00 in a research note on Tuesday, February 4th. TD Cowen raised shares of Clorox from a “sell” rating to a “hold” rating and raised their price target for the stock from $155.00 to $170.00 in a research note on Wednesday, November 6th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 price target on shares of Clorox in a research note on Thursday, January 30th. Finally, DA Davidson reduced their price target on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Clorox presently has a consensus rating of “Hold” and a consensus price target of $158.21.

Clorox Stock Down 1.9 %

NYSE:CLX opened at $147.91 on Tuesday. The Clorox Company has a fifty-two week low of $127.60 and a fifty-two week high of $171.37. The stock has a market capitalization of $18.31 billion, a P/E ratio of 40.41, a P/E/G ratio of 2.52 and a beta of 0.42. The company has a debt-to-equity ratio of 20.52, a quick ratio of 0.62 and a current ratio of 0.94. The company’s 50-day simple moving average is $159.17 and its 200-day simple moving average is $159.61.

Clorox (NYSE:CLX) last released its quarterly earnings results on Monday, February 3rd. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company posted $2.16 EPS. On average, equities analysts anticipate that The Clorox Company will post 7.15 earnings per share for the current fiscal year.

About Clorox

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.