Amundi Has $82.17 Million Stake in The Clorox Company $CLX

Key Points

• Amundi increased its Clorox stake by 15.1% in the second quarter, owning 860,903 shares valued at approximately $82.17 million. Institutional investors collectively hold 78.53% of Clorox.
• Analysts remain cautious, with Clorox receiving an average “Reduce” rating and a consensus price target of $102.40. Recent targets range from $84 to $102, while the stock recently traded at $89.61.
• Clorox beat quarterly earnings and revenue estimates, reporting $1.66 in EPS on $1.95 billion in revenue, but revenue declined 2% year over year. The company raised its quarterly dividend to $1.25, equating to a 5.6% annualized yield.

Amundi lifted its stake in shares of The Clorox Company (NYSE:CLX - Free Report) by 15.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 860,903 shares of the company's stock after buying an additional 113,123 shares during the period. Amundi owned about 0.71% of Clorox worth $82,165,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. California State Teachers Retirement System lifted its holdings in Clorox by 7,435.1% in the second quarter. California State Teachers Retirement System now owns 13,697,835 shares of the company's stock valued at $1,307,321,000 after buying an additional 13,516,047 shares during the period. BlackRock Inc. purchased a new stake in Clorox in the 2nd quarter valued at $958,640,000. State Street Corp lifted its position in shares of Clorox by 3.5% during the third quarter. State Street Corp now owns 8,434,277 shares of the company's stock valued at $1,039,946,000 after purchasing an additional 282,794 shares in the last quarter. Invesco Ltd. lifted its position in shares of Clorox by 22.1% during the 4th quarter. Invesco Ltd. now owns 4,880,341 shares of the company's stock worth $492,085,000 after buying an additional 884,751 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Clorox by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 3,172,233 shares of the company's stock worth $318,613,000 after purchasing an additional 10,060 shares during the last quarter. Institutional investors own 78.53% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on CLX shares. Citigroup lifted their price objective on shares of Clorox from $97.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 4th. Wells Fargo & Company raised their target price on Clorox from $95.00 to $102.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 4th. Barclays restated an "underweight" rating and set a $84.00 price target on shares of Clorox in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $98.00 price objective on Clorox in a report on Tuesday, August 4th. Finally, Evercore set a $99.00 target price on Clorox in a research note on Tuesday, August 4th. Twelve equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Clorox currently has an average rating of "Reduce" and a consensus price target of $102.40.

Clorox Stock Performance

Clorox stock opened at $89.61 on Thursday. The stock has a market cap of $10.84 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 2.87 and a beta of 0.56. The stock's 50 day simple moving average is $99.61 and its two-hundred day simple moving average is $100.89. The Clorox Company has a fifty-two week low of $84.70 and a fifty-two week high of $128.90. The company has a debt-to-equity ratio of 15.80, a quick ratio of 0.38 and a current ratio of 0.66.

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

Clorox Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th were paid a $1.25 dividend. This is an increase from Clorox's previous quarterly dividend of $1.24. The ex-dividend date was Wednesday, August 12th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.6%. Clorox's dividend payout ratio (DPR) is 103.73%.

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.

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