EP Wealth Advisors LLC Invests $796,000 in The Clorox Company $CLX

EP Wealth Advisors LLC purchased a new position in shares of The Clorox Company (NYSE:CLX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,344 shares of the company’s stock, valued at approximately $796,000.

Several other large investors have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Clorox by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,380 shares of the company’s stock valued at $1,970,000 after purchasing an additional 514 shares during the period. Woodline Partners LP increased its holdings in Clorox by 253.7% in the first quarter. Woodline Partners LP now owns 10,407 shares of the company’s stock valued at $1,532,000 after purchasing an additional 7,465 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Clorox by 1.7% in the second quarter. Baird Financial Group Inc. now owns 25,032 shares of the company’s stock valued at $3,006,000 after buying an additional 424 shares during the period. Jump Financial LLC increased its stake in shares of Clorox by 173.5% in the 2nd quarter. Jump Financial LLC now owns 12,491 shares of the company’s stock valued at $1,500,000 after acquiring an additional 7,924 shares during the last quarter. Finally, Bank of Nova Scotia increased its stake in shares of Clorox by 26.2% in the 2nd quarter. Bank of Nova Scotia now owns 16,141 shares of the company’s stock valued at $1,938,000 after acquiring an additional 3,352 shares during the last quarter. 78.53% of the stock is currently owned by institutional investors and hedge funds.

Clorox Stock Performance

Shares of Clorox stock opened at $107.00 on Monday. The company has a debt-to-equity ratio of 15.80, a current ratio of 0.66 and a quick ratio of 0.38. The firm has a market cap of $12.94 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 3.34 and a beta of 0.54. The stock’s 50-day moving average is $98.97 and its 200-day moving average is $103.07. The Clorox Company has a one year low of $84.70 and a one year high of $128.90.

Clorox (NYSE:CLX) last posted its quarterly earnings data on Monday, August 3rd. The company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.02. Clorox had a return on equity of 522.23% and a net margin of 8.74%.The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the company earned $2.87 earnings per share. Clorox’s quarterly revenue was down 2.0% on a year-over-year basis. Clorox has set its FY 2027 guidance at 5.700-6.000 EPS. Equities analysts predict that The Clorox Company will post 5.8 earnings per share for the current fiscal year.

Clorox Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Wednesday, August 12th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 4.7%. The ex-dividend date is Wednesday, August 12th. This is an increase from Clorox’s previous quarterly dividend of $1.24. Clorox’s dividend payout ratio (DPR) is presently 103.73%.

Analyst Ratings Changes

CLX has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Clorox in a research note on Friday, July 10th. Wells Fargo & Company boosted their price target on shares of Clorox from $95.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on Clorox in a research note on Tuesday, August 4th. JPMorgan Chase & Co. boosted their target price on Clorox from $92.00 to $95.00 and gave the company an “underweight” rating in a research note on Tuesday, August 4th. Finally, Evercore set a $99.00 price target on Clorox in a report on Tuesday, August 4th. Twelve research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $102.40.

Clorox 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.