Arrowstreet Capital Limited Partnership Sells 37,115 Shares of The Clorox Company (NYSE:CLX)

Arrowstreet Capital Limited Partnership cut its holdings in shares of The Clorox Company (NYSE:CLX - Free Report) by 22.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,416 shares of the company's stock after selling 37,115 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.10% of Clorox worth $20,531,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Clorox by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 15,507,152 shares of the company's stock valued at $2,518,517,000 after acquiring an additional 124,428 shares during the last quarter. State Street Corp boosted its holdings in Clorox by 3.1% in the third quarter. State Street Corp now owns 8,182,109 shares of the company's stock worth $1,332,947,000 after purchasing an additional 245,525 shares during the last quarter. Geode Capital Management LLC grew its position in Clorox by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,028,333 shares of the company's stock worth $491,713,000 after purchasing an additional 33,970 shares during the period. Stifel Financial Corp raised its stake in Clorox by 1.7% during the 3rd quarter. Stifel Financial Corp now owns 2,334,826 shares of the company's stock valued at $380,370,000 after buying an additional 37,967 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Clorox during the 4th quarter valued at $259,041,000. 78.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CLX has been the subject of a number of research reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $150.00 price objective on shares of Clorox in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on shares of Clorox from $171.00 to $173.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. StockNews.com lowered shares of Clorox from a "buy" rating to a "hold" rating in a research report on Sunday, January 5th. Barclays decreased their price target on shares of Clorox from $140.00 to $139.00 and set an "underweight" rating on the stock in a research report on Thursday, March 27th. Finally, DA Davidson cut their price objective on shares of Clorox from $171.00 to $169.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $159.00.

Clorox Price Performance

Shares of NYSE CLX traded down $2.39 during mid-day trading on Tuesday, reaching $136.51. The company's stock had a trading volume of 1,878,420 shares, compared to its average volume of 1,290,838. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.60. The Clorox Company has a 52 week low of $127.60 and a 52 week high of $171.37. The stock has a fifty day moving average of $148.69 and a two-hundred day moving average of $157.86. The firm has a market capitalization of $16.82 billion, a PE ratio of 37.30, a P/E/G ratio of 2.62 and a beta of 0.61.

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

Clorox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 23rd will be issued a $1.22 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $4.88 dividend on an annualized basis and a yield of 3.57%. Clorox's dividend payout ratio is currently 133.33%.

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.