Western Digital (WDC) Valuation Declined While Primecap Management Company Trimmed Position; Commerce Bank Lowered Its Clorox Co Del (CLX) Holding by $520,828; Share Value Declined

June 22, 2018 - By Ellis Scott

The Clorox Company (NYSE:CLX) Logo

Primecap Management Company decreased its stake in Western Digital Corp (WDC) by 16.52% based on its latest 2018Q1 regulatory filing with the SEC. Primecap Management Company sold 144,137 shares as the company’s stock declined 3.22% with the market. The institutional investor held 728,569 shares of the electronic components company at the end of 2018Q1, valued at $67.23 million, down from 872,706 at the end of the previous reported quarter. Primecap Management Company who had been investing in Western Digital Corp for a number of months, seems to be less bullish one the $24.21B market cap company. The stock increased 0.84% or $0.67 during the last trading session, reaching $80.89. About 3.57M shares traded. Western Digital Corporation (NASDAQ:WDC) has declined 3.27% since June 22, 2017 and is downtrending. It has underperformed by 15.84% the S&P500. Some Historical WDC News: 12/04/2018 – Cloudian Appoints Michael Morgan as Chief Financial Officer as Company Enters Fourth Year of Record Growth; 15/05/2018 – Western Digital’s Buybacks: Do They Mean NAND Is Doing Much Better Than Feared? — Barron’s Blog; 15/05/2018 – WESTERN DIGITAL BUYBACK PART OF EXISTING PROGRAM; 16/03/2018 – Western Dig: Get Set for NAND Supply Tightness, Says Baird — Barron’s Blog; 15/05/2018 – Viking Global Investors Buys New 1% Position in Western Digital; 07/05/2018 – Western Digital Board Amends Bylaws to Allow Proxy Access; 28/03/2018 – Western Digital vs. Seagate: Battle Royale of ‘HAMR’ Against ‘MAMR’ — Barron’s Blog; 19/04/2018 – DJ Western Digital Corporation, Inst Holders, 1Q 2018 (WDC); 27/03/2018 – Western Digital Provides Cost-Effective, Hybrid-Cloud Backup and Recovery Solution with StorReduce Software for Enterprises; 14/05/2018 – Western Digital Presenting at JPMorgan Conference Tomorrow

Commerce Bank decreased its stake in Clorox Co Del (CLX) by 5.7% based on its latest 2018Q1 regulatory filing with the SEC. Commerce Bank sold 3,916 shares as the company’s stock declined 6.80% with the market. The institutional investor held 64,769 shares of the specialty chemicals company at the end of 2018Q1, valued at $8.62M, down from 68,685 at the end of the previous reported quarter. Commerce Bank who had been investing in Clorox Co Del for a number of months, seems to be less bullish one the $16.44 billion market cap company. The stock increased 0.11% or $0.14 during the last trading session, reaching $126.95. About 940,361 shares traded. The Clorox Company (NYSE:CLX) has declined 9.29% since June 22, 2017 and is downtrending. It has underperformed by 21.86% the S&P500. Some Historical CLX News: 02/05/2018 – Clorox Had Seen FY18 EPS $6.17-$6.37; 15/05/2018 – Clorox Announces June 13 Webcast of Company Presentation at dbAccess Global Consumer Conference; 29/03/2018 – Clorox Closes Above 50-Day Moving Average: Technicals; 02/05/2018 – Clorox: Taking Aggressive Action to Address Headwinds, Support Margin Improvement Over Time; 12/03/2018 – Clorox Expect Nutranext Acquisition to Close in Fiscal 4Q ending June 3; 07/05/2018 – S&PGR Assigns Clorox’s $500M Sr Unsecd Notes ‘A-‘ Rtg; 02/05/2018 – Clorox 3Q Gross Margin Fell 120 Basis Points to 42.8%; 19/04/2018 – Clorox Presenting at Goldman Sachs Global Staples Forum May 8; 02/05/2018 – Clorox Cuts FY18 View To EPS $6.15-EPS $6.30; 02/05/2018 – CLOROX 3Q EPS CONT OPS $1.37

Since January 29, 2018, it had 0 insider purchases, and 19 selling transactions for $33.27 million activity. Shares for $376,037 were sold by LONG MARK P on Monday, February 5. 16,511 Western Digital Corporation (NASDAQ:WDC) shares with value of $1.39 million were sold by MILLIGAN STEPHEN D. LAMBERT MICHAEL D sold $991,202 worth of Western Digital Corporation (NASDAQ:WDC) on Wednesday, May 16. DENERO HENRY T had sold 6,492 shares worth $556,051 on Tuesday, June 5. 3,288 shares valued at $288,193 were sold by Price Paula A on Tuesday, May 22. 63,879 Western Digital Corporation (NASDAQ:WDC) shares with value of $5.52 million were sold by Sivaram Srinivasan.

Among 38 analysts covering Western Digital (NASDAQ:WDC), 27 have Buy rating, 1 Sell and 10 Hold. Therefore 71% are positive. Western Digital had 175 analyst reports since July 23, 2015 according to SRatingsIntel. Jefferies maintained Western Digital Corporation (NASDAQ:WDC) rating on Thursday, August 17. Jefferies has “Hold” rating and $90.0 target. Guggenheim maintained Western Digital Corporation (NASDAQ:WDC) on Tuesday, March 13 with “Buy” rating. The firm has “Buy” rating given on Wednesday, June 21 by Stifel Nicolaus. On Tuesday, December 20 the stock rating was upgraded by Goldman Sachs to “Neutral”. The firm has “Buy” rating given on Wednesday, January 27 by Citigroup. The stock has “Buy” rating by Cowen & Co on Tuesday, June 27. The firm has “Buy” rating given on Thursday, January 26 by Mizuho. Craig Hallum maintained the shares of WDC in report on Monday, March 5 with “Buy” rating. Stifel Nicolaus maintained the shares of WDC in report on Sunday, August 6 with “Buy” rating. Cowen & Co maintained the shares of WDC in report on Friday, October 13 with “Buy” rating.

Analysts await Western Digital Corporation (NASDAQ:WDC) to report earnings on July, 26. They expect $3.20 earnings per share, up 21.67% or $0.57 from last year’s $2.63 per share. WDC’s profit will be $957.59 million for 6.32 P/E if the $3.20 EPS becomes a reality. After $3.36 actual earnings per share reported by Western Digital Corporation for the previous quarter, Wall Street now forecasts -4.76% negative EPS growth.

Primecap Management Company, which manages about $87.86B and $133.27 billion US Long portfolio, upped its stake in Calavo Growers (NASDAQ:CVGW) by 100,000 shares to 145,000 shares, valued at $13.37M in 2018Q1, according to the filing. It also increased its holding in Mattel Inc (NASDAQ:MAT) by 3.71M shares in the quarter, for a total of 48.53 million shares, and has risen its stake in Nmi Holdings Inc. (NASDAQ:NMIH).

More news for Western Digital Corporation (NASDAQ:WDC) were recently published by: Forbes.com, which released: “What Are Western Digital’s Key Sources Of Revenue?” on June 12, 2018. Investorplace.com‘s article titled: “Nasdaq Hits Record High: 5 Tech Stocks Defying Trade Fears” and published on June 21, 2018 is yet another important article.

Investors sentiment decreased to 0.98 in Q1 2018. Its down 0.09, from 1.07 in 2017Q4. It dropped, as 55 investors sold WDC shares while 244 reduced holdings. 93 funds opened positions while 201 raised stakes. 242.29 million shares or 0.38% less from 243.21 million shares in 2017Q4 were reported. Meiji Yasuda Asset Mgmt Limited holds 8,019 shares or 0.07% of its portfolio. Trustmark Commercial Bank Trust Department stated it has 72,462 shares or 0.72% of all its holdings. Prudential Financial holds 0.29% in Western Digital Corporation (NASDAQ:WDC) or 2.03M shares. Loring Wolcott And Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma has invested 0% in Western Digital Corporation (NASDAQ:WDC). Mercer Cap Advisers Inc holds 0.01% of its portfolio in Western Digital Corporation (NASDAQ:WDC) for 200 shares. Credit Suisse Ag holds 470,834 shares or 0.04% of its portfolio. Bancshares Of The West reported 61,801 shares stake. Connor Clark And Lunn Investment Mgmt Ltd invested in 8,925 shares or 0% of the stock. California State Teachers Retirement System, California-based fund reported 505,476 shares. Natixis Advsr Limited Partnership reported 90,865 shares. Kynikos Assocs LP stated it has 35,780 shares or 1.97% of all its holdings. Moreover, Dreman Value Mgmt L L C has 1.11% invested in Western Digital Corporation (NASDAQ:WDC). Architects Inc stated it has 6,373 shares or 0.11% of all its holdings. 13,260 were accumulated by Messner Smith Theme Value Investment Mngmt Ca. Toronto Dominion Natl Bank accumulated 160,289 shares.

Analysts await The Clorox Company (NYSE:CLX) to report earnings on August, 2. They expect $1.59 earnings per share, up 3.92% or $0.06 from last year’s $1.53 per share. CLX’s profit will be $205.92 million for 19.96 P/E if the $1.59 EPS becomes a reality. After $1.37 actual earnings per share reported by The Clorox Company for the previous quarter, Wall Street now forecasts 16.06% EPS growth.

More news for The Clorox Company (NYSE:CLX) were recently published by: Seekingalpha.com, which released: “Clorox Can Weather Inflation” on June 18, 2018. Fool.com‘s article titled: “Can Clorox’s Steady Appetite for M&A Deliver Long-Term Growth?” and published on June 05, 2018 is yet another important article.

Commerce Bank, which manages about $7.58B US Long portfolio, upped its stake in Becton Dickinson & Co (NYSE:BDX) by 14,984 shares to 153,686 shares, valued at $33.30 million in 2018Q1, according to the filing. It also increased its holding in Abiomed Inc (NASDAQ:ABMD) by 1,785 shares in the quarter, for a total of 6,835 shares, and has risen its stake in Paychex Inc (NASDAQ:PAYX).

Among 17 analysts covering The Clorox Company (NYSE:CLX), 3 have Buy rating, 2 Sell and 12 Hold. Therefore 18% are positive. The Clorox Company had 59 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by UBS with “Sell” on Tuesday, November 3. Jefferies maintained The Clorox Company (NYSE:CLX) rating on Tuesday, September 5. Jefferies has “Hold” rating and $137.0 target. The stock of The Clorox Company (NYSE:CLX) has “Buy” rating given on Tuesday, October 3 by BMO Capital Markets. The stock of The Clorox Company (NYSE:CLX) earned “Equal-Weight” rating by Morgan Stanley on Thursday, April 5. The stock of The Clorox Company (NYSE:CLX) has “Outperform” rating given on Thursday, May 3 by BMO Capital Markets. The company was upgraded on Friday, September 16 by Atlantic Securities. The rating was maintained by BMO Capital Markets with “Buy” on Friday, May 5. The stock of The Clorox Company (NYSE:CLX) earned “Hold” rating by Wells Fargo on Thursday, January 4. BMO Capital Markets initiated the stock with “Outperform” rating in Friday, December 16 report. The firm has “Hold” rating given on Wednesday, April 19 by Jefferies.

Investors sentiment decreased to 0.85 in Q1 2018. Its down 0.22, from 1.07 in 2017Q4. It dived, as 57 investors sold CLX shares while 264 reduced holdings. 68 funds opened positions while 206 raised stakes. 93.60 million shares or 0.62% more from 93.02 million shares in 2017Q4 were reported. Planning Advsrs Limited Liability Company holds 2,350 shares or 0.11% of its portfolio. Jolley Asset Limited Com invested 0.02% of its portfolio in The Clorox Company (NYSE:CLX). Oakmont Prns Limited Com has 11,274 shares. Dubuque Bank & Tru accumulated 0% or 8 shares. Cambridge Investment Incorporated holds 27,061 shares. Opus Management has 5,000 shares. Pittenger And Anderson, Nebraska-based fund reported 30,720 shares. Gam Ag stated it has 0.02% in The Clorox Company (NYSE:CLX). Yacktman Asset Mngmt LP holds 63,124 shares. Moreover, Bbva Compass National Bank Incorporated has 0.02% invested in The Clorox Company (NYSE:CLX). Alphamark Lc, a Kentucky-based fund reported 12 shares. Palisade Asset Mgmt Ltd Llc has invested 0.09% in The Clorox Company (NYSE:CLX). Moreover, Bnp Paribas Arbitrage Sa has 0% invested in The Clorox Company (NYSE:CLX). Mcf Advisors Ltd Liability has 20 shares for 0% of their portfolio. Bkd Wealth Limited Com owns 3,489 shares or 0.04% of their US portfolio.

The Clorox Company (NYSE:CLX) Institutional Positions Chart

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