Main Street Research buys $10.6 Million stake in Clorox Co (CLX)

Clorox Co (CLX) : Main Street Research scooped up 250 additional shares in Clorox Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 80,666 shares of Clorox Co which is valued at $10.6 Million.Clorox Co makes up approximately 2.74% of Main Street Research’s portfolio.

Other Hedge Funds, Including , Baldwin Brothers Incma reduced its stake in CLX by selling 255 shares or 14.33% in the most recent quarter. The Hedge Fund company now holds 1,525 shares of CLX which is valued at $201,270. Clorox Co makes up approx 0.04% of Baldwin Brothers Incma’s portfolio.Institutional Family Asset Management reduced its stake in CLX by selling 49 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 20,903 shares of CLX which is valued at $2.8 Million. Clorox Co makes up approx 1.00% of Institutional Family Asset Management’s portfolio.Swiss National Bank boosted its stake in CLX in the latest quarter, The investment management firm added 91,600 additional shares and now holds a total of 769,892 shares of Clorox Co which is valued at $100.4 Million. Clorox Co makes up approx 0.18% of Swiss National Bank’s portfolio. Goss Wealth Management added CLX to its portfolio by purchasing 16,341 company shares during the most recent quarter which is valued at $2 Million. Clorox Co makes up approx 1.73% of Goss Wealth Management’s portfolio.

Clorox Co closed down -0.71 points or -0.55% at $129.36 with 6,55,586 shares getting traded on Wednesday. Post opening the session at $130.03, the shares hit an intraday low of $129 and an intraday high of $130.55 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

Investors should note that on May 16, 2016, Clorox Co announced a cash dividend of $0.8000. The company’s management has announced Jul 25, 2016 as the ex-dividend date and fixed the record date on Jul 27, 2016. The payable date has been fixed on Aug 12, 2016.

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.

Leave a Reply

Clorox Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on Clorox Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.