Summit Financial Wealth Advisors Lowers stake in Clorox Co (CLX)

Clorox Co (CLX) : Summit Financial Wealth Advisors reduced its stake in Clorox Co by 2.31% during the most recent quarter end. The investment management company now holds a total of 19,639 shares of Clorox Co which is valued at $2,387,317 after selling 465 shares in Clorox Co , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Clorox Co makes up approximately 1.04% of Summit Financial Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in CLX by selling 8,769 shares or 11.44% in the most recent quarter. The Hedge Fund company now holds 67,868 shares of CLX which is valued at $8,250,034. Clorox Co makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio.Washington Trust Bank boosted its stake in CLX in the latest quarter, The investment management firm added 33 additional shares and now holds a total of 533 shares of Clorox Co which is valued at $64,791. Clorox Co makes up approx 0.02% of Washington Trust Bank’s portfolio. Lvm Capital Management Ltdmi sold out all of its stake in CLX during the most recent quarter. The investment firm sold 3,117 shares of CLX which is valued $378,903.

Clorox Co closed down -2.26 points or -1.82% at $122.06 with 12,06,700 shares getting traded on Tuesday. Post opening the session at $124.15, the shares hit an intraday low of $121.73 and an intraday high of $124.45 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Investors should note that on Sep 13, 2016, Clorox Co announced a cash dividend of $0.8000. The company’s management has announced Oct 24, 2016 as the ex-dividend date and fixed the record date on Oct 26, 2016. The payable date has been fixed on Nov 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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