Clorox Co (CLX) : Kornitzer Capital Management Inc Ks reduced its stake in Clorox Co by 6.85% during the most recent quarter end. The investment management company now holds a total of 438,383 shares of Clorox Co which is valued at $57,191,446 after selling 32,227 shares in Clorox Co , the firm said in a disclosure report filed with the SEC on May 2, 2016.Clorox Co makes up approximately 1.03% of Kornitzer Capital Management Inc Ks’s portfolio.
Clorox Co opened for trading at $129.12 and hit $130.65 on the upside on Friday, eventually ending the session at $130.46, with a gain of 1.18% or 1.52 points. The heightened volatility saw the trading volume jump to 9,76,962 shares. Company has a market cap of $16,874 M.
Other Hedge Funds, Including , Farmers Merchants Investments Inc boosted its stake in CLX in the latest quarter, The investment management firm added 88 additional shares and now holds a total of 6,285 shares of Clorox Co which is valued at $819,941. Clorox Co makes up approx 0.10% of Farmers Merchants Investments Inc’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 $9,152,935. Clorox Co makes up approx 0.23% of Candriam Luxembourg S.c.a.’s portfolio.Umb Bank N Amo boosted its stake in CLX in the latest quarter, The investment management firm added 8,299 additional shares and now holds a total of 53,810 shares of Clorox Co which is valued at $6,589,035. Clorox Co makes up approx 0.28% of Umb Bank N Amo’s portfolio.
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.