Yacktman Asset Management Lp Lowers stake in Clorox Co (CLX)

Clorox Co (CLX) : Yacktman Asset Management Lp reduced its stake in Clorox Co by 74.54% during the most recent quarter end. The investment management company now holds a total of 78,625 shares of Clorox Co which is valued at $10,346,264 after selling 230,168 shares in Clorox Co , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Clorox Co makes up approximately 0.08% of Yacktman Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in CLX by selling 711 shares or 3.25% in the most recent quarter. The Hedge Fund company now holds 21,174 shares of CLX which is valued at $2,786,287. Clorox Co makes up approx 0.04% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.First Niagara Bank reduced its stake in CLX by selling 207 shares or 10.16% in the most recent quarter. The Hedge Fund company now holds 1,830 shares of CLX which is valued at $239,785. Clorox Co makes up approx 0.07% of First Niagara Bank’s portfolio.Cypress Asset Management Inctx reduced its stake in CLX by selling 10 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 5,900 shares of CLX which is valued at $798,565. Clorox Co makes up approx 0.16% of Cypress Asset Management Inctx’s portfolio.

Clorox Co opened for trading at $131.61 and hit $133.955 on the upside on Thursday, eventually ending the session at $133.91, with a gain of 1.76% or 2.32 points. The heightened volatility saw the trading volume jump to 10,66,499 shares. Company has a market cap of $17,320 M.

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. 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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