Canvas Wealth Advisors LLC Buys 16,429 Shares of The Clorox Company $CLX

Canvas Wealth Advisors LLC increased its position in The Clorox Company (NYSE:CLX) by 47.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,217 shares of the company’s stock after acquiring an additional 16,429 shares during the quarter. Clorox comprises approximately 0.9% of Canvas Wealth Advisors LLC’s holdings, making the stock its 25th biggest position. Canvas Wealth Advisors LLC’s holdings in Clorox were worth $5,164,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Clorox by 3.5% in the third quarter. State Street Corp now owns 8,434,277 shares of the company’s stock worth $1,039,946,000 after purchasing an additional 282,794 shares during the period. Invesco Ltd. increased its stake in shares of Clorox by 23.1% in the third quarter. Invesco Ltd. now owns 3,995,590 shares of the company’s stock worth $492,656,000 after purchasing an additional 750,415 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Clorox by 93.9% during the 3rd quarter. Van ECK Associates Corp now owns 2,709,972 shares of the company’s stock valued at $334,139,000 after purchasing an additional 1,312,471 shares during the period. Two Sigma Investments LP lifted its stake in shares of Clorox by 33.8% during the 3rd quarter. Two Sigma Investments LP now owns 1,740,175 shares of the company’s stock valued at $214,564,000 after buying an additional 439,797 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Clorox during the 2nd quarter valued at $190,429,000. Institutional investors own 78.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. BNP Paribas Exane upgraded Clorox from an “underperform” rating to a “neutral” rating in a research note on Wednesday, February 11th. The Goldman Sachs Group lowered their price objective on Clorox from $110.00 to $94.00 and set a “sell” rating on the stock in a research report on Wednesday, January 7th. Jefferies Financial Group dropped their price objective on Clorox from $152.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. UBS Group increased their target price on Clorox from $115.00 to $121.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, TD Cowen boosted their price target on Clorox from $108.00 to $111.00 and gave the stock a “hold” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $118.73.

Clorox Stock Performance

Shares of NYSE CLX opened at $104.71 on Thursday. The company has a market cap of $12.66 billion, a P/E ratio of 17.11, a P/E/G ratio of 0.51 and a beta of 0.59. The Clorox Company has a 52-week low of $96.66 and a 52-week high of $150.84. The company has a debt-to-equity ratio of 71.03, a quick ratio of 0.48 and a current ratio of 0.74. The firm’s fifty day moving average is $115.99 and its two-hundred day moving average is $112.56.

Clorox (NYSE:CLX) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.04). The company 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 firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the company earned $1.55 EPS. As a group, analysts anticipate that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Dividend Announcement

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

Clorox Company Profile

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.