Bennicas Associates Lowers stake in Clorox Co (CLX)

Clorox Co (CLX) : Bennicas Associates reduced its stake in Clorox Co by 6.02% during the most recent quarter end. The investment management company now holds a total of 24,957 shares of Clorox Co which is valued at $3,055,985 after selling 1,600 shares in Clorox Co , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Clorox Co makes up approximately 2.84% of Bennicas Associates’s portfolio.

Clorox Co opened for trading at $120.65 and hit $122.51 on the upside on Friday, eventually ending the session at $122.45, with a gain of 1.09% or 1.32 points. The heightened volatility saw the trading volume jump to 14,03,186 shares. Company has a market cap of $15,851 M.

Other Hedge Funds, Including , Sigma Planning Corp reduced its stake in CLX by selling 69 shares or 0.4% in the most recent quarter. The Hedge Fund company now holds 17,226 shares of CLX which is valued at $2,109,324. Clorox Co makes up approx 0.29% of Sigma Planning Corp’s portfolio. Integrated Investment Consultants added CLX to its portfolio by purchasing 122 company shares during the most recent quarter which is valued at $15,422. Clorox Co makes up approx 0.01% of Integrated Investment Consultants’s portfolio.Eqis Capital Management boosted its stake in CLX in the latest quarter, The investment management firm added 797 additional shares and now holds a total of 6,199 shares of Clorox Co which is valued at $794,464. Clorox Co makes up approx 0.06% of Eqis Capital Management’s portfolio.Hollencrest Securities reduced its stake in CLX by selling 304 shares or 6.07% in the most recent quarter. The Hedge Fund company now holds 4,704 shares of CLX which is valued at $602,865. Clorox Co makes up approx 0.11% of Hollencrest Securities’s portfolio.Lvm Capital Management Ltdmi boosted its stake in CLX in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 3,117 shares of Clorox Co which is valued at $399,475. Clorox Co makes up approx 0.13% of Lvm Capital Management Ltdmi’s portfolio.

On the company’s financial health, Clorox Co reported $1.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $1.05. The company had revenue of $1345.00 million for the quarter, compared to analysts expectations of $1350.86 million. During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on Clorox Co. Clorox Co was Downgraded by Sterne Agee CRT to ” Neutral” on Feb 26, 2016. Company shares were Reiterated by B. Riley & Co. on Feb 9, 2016 to “Neutral”, Firm has raised the Price Target to $ 102 from a previous price target of $101 .

The Clorox Company (Clorox) is a United States-based manufacturer and marketer of consumer and professional products. The Company sells its products through mass retail outlets e-commerce channels distributors and medical supply providers. The Company operates through strategic business units that are aggregated into four reportable segments: Cleaning which consists of laundry home care and professional products marketed and sold in the United States; Household which consists of charcoal cat litter and plastic bags wraps and container products; Lifestyle which includes food products water-filtration systems and filters and natural personal care products and International which consists of products sold outside the United States such as laundry home care water-filtration charcoal and cat litter products dressings and sauces plastic bags wraps and containers and natural personal care products.

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