First Mercantile Trust Co Lowers stake in Clorox Co (CLX)

Clorox Co (CLX) : First Mercantile Trust Co reduced its stake in Clorox Co by 8.7% during the most recent quarter end. The investment management company now holds a total of 6,300 shares of Clorox Co which is valued at $772,695 after selling 600 shares in Clorox Co , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Clorox Co makes up approximately 0.10% of First Mercantile Trust Co’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.Summit Financial Wealth Advisors reduced its stake in CLX by selling 465 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 19,639 shares of CLX which is valued at $2,387,317. Clorox Co makes up approx 1.04% of Summit Financial Wealth Advisors’s portfolio.Burns J W Co Incny reduced its stake in CLX by selling 100 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 14,169 shares of CLX which is valued at $1,722,384. Clorox Co makes up approx 0.53% of Burns J W Co Incny’s portfolio.Franklin Street Advisors Inc Nc boosted its stake in CLX in the latest quarter, The investment management firm added 3,327 additional shares and now holds a total of 28,705 shares of Clorox Co which is valued at $3,489,380. Clorox Co makes up approx 0.64% of Franklin Street Advisors Inc Nc’s portfolio.

Clorox Co closed down -0.08 points or -0.07% at $122.65 with 9,74,005 shares getting traded on Friday. Post opening the session at $123.1, the shares hit an intraday low of $121.61 and an intraday high of $123.38 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.

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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