Advisors Preferred Lowers stake in Clorox Co (CLX)

Clorox Co (CLX) : Advisors Preferred reduced its stake in Clorox Co by 34.8% during the most recent quarter end. The investment management company now holds a total of 1,945 shares of Clorox Co which is valued at $256,701 after selling 1,038 shares in Clorox Co , the firm said in a disclosure report filed with the SEC on May 12, 2016.Clorox Co makes up approximately 0.13% of Advisors Preferred’s portfolio.

Other Hedge Funds, Including , Sonora Investment Management added CLX to its portfolio by purchasing 6 company shares during the most recent quarter which is valued at $792. Spectrum Management Group added CLX to its portfolio by purchasing 925 company shares during the most recent quarter which is valued at $115,838. Clorox Co makes up approx 0.04% of Spectrum Management Group’s portfolio.Candriam Luxembourg S.c.a. reduced its stake in CLX by selling 205,829 shares or 73.8% in the most recent quarter. The Hedge Fund company now holds 73,089 shares of CLX which is valued at $9.2 Million. Clorox Co makes up approx 0.23% of Candriam Luxembourg S.c.a.’s portfolio.

Clorox Co closed down -1.15 points or -0.88% at $128.83 with 10,23,845 shares getting traded on Friday. Post opening the session at $130.12, the shares hit an intraday low of $128.46 and an intraday high of $130.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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