Smith Asset Management Group Lp Lowers stake in Clorox Co (CLX)

Clorox Co (CLX) : Smith Asset Management Group Lp reduced its stake in Clorox Co by 0.6% during the most recent quarter end. The investment management company now holds a total of 590,518 shares of Clorox Co which is valued at $77,038,978 after selling 3,589 shares in Clorox Co , the firm said in a disclosure report filed with the SEC on May 3, 2016.Clorox Co makes up approximately 2.32% of Smith Asset Management Group Lp’s portfolio.

Other Hedge Funds, Including , Edmp reduced its stake in CLX by selling 45 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 1,912 shares of CLX which is valued at $249,440. Clorox Co makes up approx 0.24% of Edmp’s portfolio.Kornitzer Capital Management Inc Ks reduced its stake in CLX by selling 32,227 shares or 6.85% in the most recent quarter. The Hedge Fund company now holds 438,383 shares of CLX which is valued at $57,191,446. Clorox Co makes up approx 1.03% of Kornitzer Capital Management Inc Ks’s portfolio.Vnbtrust National Association reduced its stake in CLX by selling 160 shares or 7.64% in the most recent quarter. The Hedge Fund company now holds 1,934 shares of CLX which is valued at $242,195. Clorox Co makes up approx 0.14% of Vnbtrust National Association’s portfolio.Parasol Investment Management reduced its stake in CLX by selling 64 shares or 1.77% in the most recent quarter. The Hedge Fund company now holds 3,546 shares of CLX which is valued at $434,208. Clorox Co makes up approx 0.42% of Parasol Investment Management’s portfolio.

Clorox Co opened for trading at $131.93 and hit $132.86 on the upside on Tuesday, eventually ending the session at $132.84, with a gain of 0.88% or 1.16 points. The heightened volatility saw the trading volume jump to 8,50,395 shares. Company has a market cap of $17,182 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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