Ironwood Investment Counsel Lowers stake in Clorox Co (CLX)

Clorox Co (CLX) : Ironwood Investment Counsel reduced its stake in Clorox Co by 8.65% during the most recent quarter end. The investment management company now holds a total of 14,734 shares of Clorox Co which is valued at $1,965,810 after selling 1,395 shares in Clorox Co , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Clorox Co makes up approximately 1.12% of Ironwood Investment Counsel’s portfolio.

Other Hedge Funds, Including , Blackrock Advisors reduced its stake in CLX by selling 18,121 shares or 7.97% in the most recent quarter. The Hedge Fund company now holds 209,121 shares of CLX which is valued at $27,900,924. Clorox Co makes up approx 0.03% of Blackrock Advisors’s portfolio.Ls Investment Advisors boosted its stake in CLX in the latest quarter, The investment management firm added 5,003 additional shares and now holds a total of 34,966 shares of Clorox Co which is valued at $4,726,704. Clorox Co makes up approx 0.32% of Ls Investment Advisors’s portfolio. Boys Arnold Co Inc added CLX to its portfolio by purchasing 9,416 company shares during the most recent quarter which is valued at $1,281,706. Clorox Co makes up approx 0.21% of Boys Arnold Co Inc’s portfolio.

Clorox Co closed down -0.42 points or -0.32% at $130.8 with 7,18,655 shares getting traded on Friday. Post opening the session at $130.88, the shares hit an intraday low of $130.45 and an intraday high of $131.055 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 $1.30 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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