Financial Advisory Service Lowers stake in Clorox Co (CLX)

Clorox Co (CLX) : Financial Advisory Service reduced its stake in Clorox Co by 10.07% during the most recent quarter end. The investment management company now holds a total of 5,240 shares of Clorox Co which is valued at $697,968 after selling 587 shares in Clorox Co , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Clorox Co makes up approximately 0.25% of Financial Advisory Service’s portfolio.

Other Hedge Funds, Including , Cls Investments boosted its stake in CLX in the latest quarter, The investment management firm added 33 additional shares and now holds a total of 1,828 shares of Clorox Co which is valued at $241,588. Clorox Co makes up approx 0.01% of Cls Investments’s portfolio. Northstar Investment Advisors added CLX to its portfolio by purchasing 1,475 company shares during the most recent quarter which is valued at $195,025. Clorox Co makes up approx 0.04% of Northstar Investment Advisors’s portfolio.Dekabank Deutsche Girozentrale boosted its stake in CLX in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 103,983 shares of Clorox Co which is valued at $13,748,632. Clorox Co makes up approx 0.15% of Dekabank Deutsche Girozentrale’s portfolio.Daiwa Securities Group reduced its stake in CLX by selling 1,750 shares or 10.57% in the most recent quarter. The Hedge Fund company now holds 14,800 shares of CLX which is valued at $1,939,244. Clorox Co makes up approx 0.01% of Daiwa Securities Group’s portfolio.

Clorox Co opened for trading at $131.5 and hit $132.24 on the upside on Wednesday, eventually ending the session at $131.5, with a gain of 0.32% or 0.42 points. The heightened volatility saw the trading volume jump to 9,16,344 shares. Company has a market cap of $17,008 M.

On the company’s financial health, Clorox Co reported $1.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.28. The company had revenue of $1600.00 million for the quarter, compared to analysts expectations of $1587.79 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.44 EPS.

Many Wall Street Analysts have commented on Clorox Co. Clorox Co was Initiated by Atlantic Equities to “Neutral” on Jun 14, 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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