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 1.3% during the most recent quarter end. The investment management company now holds a total of 582,869 shares of Clorox Co which is valued at $76,373,325 after selling 7,649 shares in Clorox Co , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Clorox Co makes up approximately 2.21% of Smith Asset Management Group Lp’s portfolio.

Other Hedge Funds, Including , Seaward Management Limited Partnership reduced its stake in CLX by selling 700 shares or 26.03% in the most recent quarter. The Hedge Fund company now holds 1,989 shares of CLX which is valued at $260,619. Clorox Co makes up approx 0.01% of Seaward Management Limited Partnership’s portfolio.Financial Architects Inc boosted its stake in CLX in the latest quarter, The investment management firm added 1,149 additional shares and now holds a total of 3,625 shares of Clorox Co which is valued at $474,984. Clorox Co makes up approx 0.13% of Financial Architects Inc’s portfolio.Checchi Capital Advisers boosted its stake in CLX in the latest quarter, The investment management firm added 8 additional shares and now holds a total of 820 shares of Clorox Co which is valued at $110,848. Clorox Co makes up approx 0.03% of Checchi Capital Advisers’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in CLX by selling 47 shares or 0.79% in the most recent quarter. The Hedge Fund company now holds 5,872 shares of CLX which is valued at $817,617. Clorox Co makes up approx 0.16% of First Financial Bank N.a. – Trust Division’s portfolio.

Clorox Co opened for trading at $130.43 and hit $131.79 on the upside on Friday, eventually ending the session at $131.07, with a gain of 0.18% or 0.24 points. The heightened volatility saw the trading volume jump to 9,73,177 shares. Company has a market cap of $16,953 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. Clorox Co was Initiated by Atlantic Equities to “Neutral” on Jun 14, 2016. 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 .

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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