California Public Employees Retirement System lifted its stake in Clorox Co (NYSE:CLX) by 22.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 383,349 shares of the company’s stock after purchasing an additional 71,439 shares during the quarter. California Public Employees Retirement System’s holdings in Clorox were worth $57,019,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Clorox by 63.2% in the third quarter. JPMorgan Chase & Co. now owns 417,347 shares of the company’s stock valued at $54,269,000 after buying an additional 161,555 shares during the period. Vident Investment Advisory LLC bought a new stake in Clorox during the third quarter worth $1,477,000. Shell Asset Management Co. lifted its stake in Clorox by 102.5% during the third quarter. Shell Asset Management Co. now owns 119,382 shares of the company’s stock worth $11,465,000 after purchasing an additional 60,427 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Clorox by 417.8% during the third quarter. Allianz Asset Management GmbH now owns 63,868 shares of the company’s stock worth $8,425,000 after purchasing an additional 51,534 shares during the last quarter. Finally, Jensen Investment Management Inc. lifted its stake in Clorox by 12.1% during the fourth quarter. Jensen Investment Management Inc. now owns 40,960 shares of the company’s stock worth $6,092,000 after purchasing an additional 4,435 shares during the last quarter. Institutional investors and hedge funds own 73.42% of the company’s stock.

Several research firms have weighed in on CLX. Jefferies Group restated a “hold” rating and set a $130.00 target price on shares of Clorox in a research note on Wednesday, December 13th. Wells Fargo & Co restated a “hold” rating and set a $130.00 target price on shares of Clorox in a research note on Wednesday, December 13th. Deutsche Bank began coverage on Clorox in a research note on Wednesday, December 13th. They set a “hold” rating and a $142.00 target price for the company. Zacks Investment Research upgraded Clorox from a “hold” rating to a “buy” rating and set a $163.00 target price for the company in a research note on Monday, January 8th. Finally, Bank of America upgraded Clorox from an “underperform” rating to a “neutral” rating and set a $155.00 target price for the company in a research note on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $132.46.

Clorox Co (NYSE CLX) opened at $127.95 on Tuesday. The stock has a market cap of $16,560.00, a price-to-earnings ratio of 21.08, a PEG ratio of 2.41 and a beta of 0.31. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.86 and a current ratio of 1.22. Clorox Co has a 1-year low of $124.09 and a 1-year high of $150.40.

Clorox (NYSE:CLX) last announced its quarterly earnings results on Friday, February 2nd. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.01. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.43 billion. Clorox had a net margin of 13.21% and a return on equity of 126.70%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 earnings per share. research analysts predict that Clorox Co will post 6.23 EPS for the current fiscal year.

In other news, SVP Michael R. Costello sold 10,574 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $136.01, for a total transaction of $1,438,169.74. Following the completion of the transaction, the senior vice president now directly owns 34,867 shares in the company, valued at $4,742,260.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by corporate insiders.

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Clorox 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.

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Institutional Ownership by Quarter for Clorox (NYSE:CLX)

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