Northwest Investment Counselors Lowers stake in Clorox Co (CLX)

Clorox Co (CLX) : Northwest Investment Counselors reduced its stake in Clorox Co by 0.71% during the most recent quarter end. The investment management company now holds a total of 15,337 shares of Clorox Co which is valued at $1,867,586 after selling 110 shares in Clorox Co , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Clorox Co makes up approximately 0.98% of Northwest Investment Counselors’s portfolio.

Other Hedge Funds, Including , Bennicas Associates reduced its stake in CLX by selling 1,050 shares or 4.22% in the most recent quarter. The Hedge Fund company now holds 23,807 shares of CLX which is valued at $2,898,978. Clorox Co makes up approx 2.74% of Bennicas Associates’s portfolio.Harwood Advisory Group boosted its stake in CLX in the latest quarter, The investment management firm added 940 additional shares and now holds a total of 10,735 shares of Clorox Co which is valued at $1,307,201. Clorox Co makes up approx 1.03% of Harwood Advisory Group’s portfolio.Legal General Group Plc boosted its stake in CLX in the latest quarter, The investment management firm added 4,148 additional shares and now holds a total of 688,029 shares of Clorox Co which is valued at $83,175,826. Clorox Co makes up approx 0.09% of Legal General Group Plc’s portfolio.Gradient Investments boosted its stake in CLX in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 117 shares of Clorox Co which is valued at $14,267.First Mercantile Trust Co reduced its stake in CLX by selling 600 shares or 8.7% in the most recent quarter. The Hedge Fund company now holds 6,300 shares of CLX which is valued at $772,695. Clorox Co makes up approx 0.10% of First Mercantile Trust Co’s portfolio.

Clorox Co closed down -0.75 points or -0.61% at $121.77 with 5,46,589 shares getting traded on Friday. Post opening the session at $122.56, the shares hit an intraday low of $121.76 and an intraday high of $123.05 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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