Wbi Investments adds Clorox Co (CLX) to its portfolio

Clorox Co (CLX) : Wbi Investments added new position in Clorox Co during the most recent quarter end. The investment management firm now holds 185,361 shares of Clorox Co which is valued at $24.5 Million , the company said in a statement filed on May 11, 2016 with the SEC.Clorox Co makes up approximately 1.05% of Wbi Investments’s portfolio.

Other Hedge Funds, Including , Pettee Investors reduced its stake in CLX by selling 895 shares or 4.28% in the most recent quarter. The Hedge Fund company now holds 20,000 shares of CLX which is valued at $2.6 Million. Clorox Co makes up approx 2.67% of Pettee Investors’s portfolio.Mutual Of America Capital Management boosted its stake in CLX in the latest quarter, The investment management firm added 152 additional shares and now holds a total of 14,523 shares of Clorox Co which is valued at $1.9 Million. Clorox Co makes up approx 0.04% of Mutual Of America Capital Management’s portfolio.Lmr Partners Llp boosted its stake in CLX in the latest quarter, The investment management firm added 10,886 additional shares and now holds a total of 12,601 shares of Clorox Co which is valued at $1.6 Million. Clorox Co makes up approx 0.25% of Lmr Partners Llp’s portfolio.

Clorox Co opened for trading at $131.98 and hit $132.76 on the upside on Monday, eventually ending the session at $132, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 8,10,824 shares. Company has a market cap of $17,073 M.

On the company’s financial health, Clorox Co reported $1.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on May 3, 2016. Analyst had a consensus of $1.10. The company had revenue of $1426.00 million for the quarter, compared to analysts expectations of $1408.28 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Many Wall Street Analysts have commented on Clorox Co. Company shares were Reiterated by B. Riley & Co. on May 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 109 from a previous price target of $102 .Company shares were Reiterated by UBS on May 4, 2016 to “Sell”, Firm has raised the Price Target to $ 112 from a previous price target of $110 .Clorox Co was Downgraded by Sterne Agee CRT to ” Neutral” on Feb 26, 2016.

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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