Nelson Van Denburg & Campbell Wealth Management Group LLC Buys 291 Shares of The Clorox Company (NYSE:CLX)

Posted by Defense World Staff on Aug 22nd, 2023

Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in The Clorox Company (NYSE:CLX – Free Report) by 71.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 699 shares of the company’s stock after purchasing an additional 291 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Clorox were worth $111,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLX. Dark Forest Capital Management LP bought a new stake in shares of Clorox in the 4th quarter valued at about $28,000. OLD Mission Capital LLC acquired a new stake in Clorox in the fourth quarter worth $29,000. Delta Asset Management LLC TN bought a new position in shares of Clorox during the fourth quarter worth $31,000. Ten Capital Wealth Advisors LLC grew its holdings in shares of Clorox by 429.7% in the 1st quarter. Ten Capital Wealth Advisors LLC now owns 196 shares of the company’s stock valued at $31,000 after buying an additional 159 shares during the period. Finally, Financial Avengers Inc. increased its position in shares of Clorox by 86.0% in the 4th quarter. Financial Avengers Inc. now owns 225 shares of the company’s stock valued at $32,000 after buying an additional 104 shares in the last quarter. Institutional investors own 79.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CLX. UBS Group boosted their target price on Clorox from $148.00 to $162.00 in a research note on Wednesday, May 3rd. Barclays increased their target price on Clorox from $117.00 to $127.00 and gave the stock an “underweight” rating in a research note on Friday, August 4th. Royal Bank of Canada lifted their price target on shares of Clorox from $137.00 to $151.00 in a research note on Wednesday, May 3rd. StockNews.com initiated coverage on shares of Clorox in a research report on Thursday, August 17th. They set a “buy” rating for the company. Finally, DA Davidson increased their target price on Clorox from $155.00 to $176.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Seven research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $150.38.

Check Out Our Latest Stock Report on Clorox

Clorox Price Performance

Shares of CLX opened at $150.07 on Tuesday. The company has a market cap of $18.58 billion, a price-to-earnings ratio of 126.11, a PEG ratio of 2.23 and a beta of 0.29. The company has a current ratio of 0.95, a quick ratio of 0.59 and a debt-to-equity ratio of 6.38. The company’s fifty day simple moving average is $156.70 and its 200 day simple moving average is $157.93. The Clorox Company has a 1-year low of $124.58 and a 1-year high of $178.21.

Clorox (NYSE:CLX – Get Free Report) last issued its earnings results on Wednesday, August 2nd. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.48. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.88 billion. Clorox had a net margin of 2.02% and a return on equity of 163.56%. Clorox’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. On average, research analysts forecast that The Clorox Company will post 5.87 earnings per share for the current fiscal year.

Clorox Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Wednesday, August 9th will be given a $1.20 dividend. The ex-dividend date is Tuesday, August 8th. This is a positive change from Clorox’s previous quarterly dividend of $1.18. This represents a $4.80 annualized dividend and a dividend yield of 3.20%. Clorox’s dividend payout ratio is presently 403.36%.

Insider Transactions at Clorox

In other Clorox news, CFO Kevin B. Jacobsen sold 3,346 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $160.82, for a total transaction of $538,103.72. Following the completion of the sale, the chief financial officer now directly owns 23,224 shares in the company, valued at $3,734,883.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

About Clorox

(Free Report)

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.