Canvas Wealth Advisors LLC Has $594,000 Position in The Clorox Company (NYSE:CLX)

Canvas Wealth Advisors LLC lessened its holdings in shares of The Clorox Company (NYSE:CLX) by 29.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,658 shares of the company’s stock after selling 1,530 shares during the period. Canvas Wealth Advisors LLC’s holdings in Clorox were worth $594,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group lifted its holdings in shares of Clorox by 163.8% during the fourth quarter. Brooklyn Investment Group now owns 153 shares of the company’s stock worth $25,000 after buying an additional 95 shares during the last quarter. Prospera Private Wealth LLC bought a new position in Clorox during the third quarter worth $27,000. Continuum Advisory LLC raised its stake in Clorox by 300.0% during the 3rd quarter. Continuum Advisory LLC now owns 184 shares of the company’s stock valued at $30,000 after purchasing an additional 138 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in Clorox in the 3rd quarter valued at $48,000. Finally, Friedenthal Financial acquired a new stake in Clorox in the 3rd quarter worth $49,000. Institutional investors own 78.53% of the company’s stock.

Clorox Stock Up 0.6 %

Shares of CLX opened at $148.51 on Monday. The business’s 50 day simple moving average is $161.06 and its 200-day simple moving average is $158.88. The Clorox Company has a one year low of $127.60 and a one year high of $171.37. The company has a market capitalization of $18.38 billion, a P/E ratio of 40.58, a PEG ratio of 2.52 and a beta of 0.42. The company has a debt-to-equity ratio of 20.52, a current ratio of 0.94 and a quick ratio of 0.62.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Monday, February 3rd. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $2.16 EPS. As a group, sell-side analysts predict that The Clorox Company will post 7.15 EPS for the current fiscal year.

Clorox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Wednesday, January 29th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Wednesday, January 29th. Clorox’s dividend payout ratio is presently 133.33%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CLX. DA Davidson reduced their target price on shares of Clorox from $171.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 price objective on shares of Clorox in a research report on Thursday, January 30th. StockNews.com cut Clorox from a “buy” rating to a “hold” rating in a research report on Sunday, January 5th. Evercore ISI raised their target price on Clorox from $145.00 to $155.00 in a research report on Tuesday, February 4th. Finally, TD Cowen raised shares of Clorox from a “sell” rating to a “hold” rating and boosted their price target for the company from $155.00 to $170.00 in a report on Wednesday, November 6th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $158.21.

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.