Canvas Wealth Advisors LLC Raises Holdings in The Clorox Company $CLX

Canvas Wealth Advisors LLC lifted its holdings in The Clorox Company (NYSE:CLX) by 47.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,217 shares of the company’s stock after purchasing an additional 16,429 shares during the quarter. Clorox accounts for about 0.9% of Canvas Wealth Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Canvas Wealth Advisors LLC’s holdings in Clorox were worth $5,164,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Total Investment Management Inc. purchased a new position in Clorox in the 2nd quarter worth about $25,000. Center for Financial Planning Inc. bought a new position in Clorox during the third quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC bought a new stake in Clorox in the 3rd quarter worth approximately $25,000. True Wealth Design LLC grew its position in Clorox by 1,020.0% in the 3rd quarter. True Wealth Design LLC now owns 224 shares of the company’s stock worth $28,000 after purchasing an additional 204 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in Clorox during the 3rd quarter valued at $29,000. 78.53% of the stock is owned by hedge funds and other institutional investors.

Clorox Stock Up 1.6%

CLX opened at $104.71 on Thursday. The firm’s 50 day simple moving average is $115.99 and its two-hundred day simple moving average is $112.56. The company has a market capitalization of $12.66 billion, a PE ratio of 17.11, a PEG ratio of 0.51 and a beta of 0.59. The Clorox Company has a 1-year low of $96.66 and a 1-year high of $150.84. The company has a current ratio of 0.74, a quick ratio of 0.48 and a debt-to-equity ratio of 71.03.

Clorox (NYSE:CLX) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.04). The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.64 billion. Clorox had a net margin of 11.17% and a return on equity of 383.01%. The company’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 EPS. As a group, equities analysts forecast that The Clorox Company will post 7.15 EPS for the current year.

Clorox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Wednesday, April 22nd will be issued a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, April 22nd. Clorox’s payout ratio is currently 81.05%.

Wall Street Analysts Forecast Growth

CLX has been the topic of several research analyst reports. TD Cowen increased their price target on Clorox from $108.00 to $111.00 and gave the company a “hold” rating in a report on Wednesday, February 4th. Jefferies Financial Group cut their price objective on Clorox from $152.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Citigroup upped their price objective on Clorox from $109.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Royal Bank Of Canada set a $132.00 target price on Clorox in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. raised their target price on Clorox from $114.00 to $117.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $118.73.

About Clorox

The Clorox Company is a leading manufacturer and marketer of consumer and professional products designed to help people care for their homes and live healthy, sustainable lives. Its portfolio spans cleaning and household products, food and beverages, water filtration systems and cat litter, serving both retail and institutional customers. The company’s flagship bleach and disinfecting products are well known in the United States and many international markets, where they help prevent the spread of germs in homes, hospitals, schools and businesses.

Clorox’s diverse brand lineup includes liquid bleach and surface cleaners, eco-friendly cleaning tools, food preservation and preparation items, charcoal grills and briquettes, specialty foods and beverages, pet care products and personal care lines.