Korea Investment Stake in Clorox Co Del (CLX) Has Increased as Market Valuation Declined; As Best Buy (BBY) Stock Price Rose, Shareholder Arrow Investment Advisors Trimmed Stake

December 7, 2017 - By Richard Conner

Korea Investment Corp increased its stake in Clorox Co Del (CLX) by 8.75% based on its latest 2017Q2 regulatory filing with the SEC. Korea Investment Corp bought 15,599 shares as the company’s stock declined 1.16% while stock markets rallied. The institutional investor held 193,796 shares of the specialty chemicals company at the end of 2017Q2, valued at $25.82 million, up from 178,197 at the end of the previous reported quarter. Korea Investment Corp who had been investing in Clorox Co Del for a number of months, seems to be bullish on the $18.70B market cap company. The stock increased 0.27% or $0.39 during the last trading session, reaching $145.05. About 839,082 shares traded. The Clorox Company (NYSE:CLX) has risen 1.68% since December 7, 2016 and is uptrending. It has underperformed by 15.02% the S&P500.

Arrow Investment Advisors Llc decreased its stake in Best Buy Inc (BBY) by 31.18% based on its latest 2017Q2 regulatory filing with the SEC. Arrow Investment Advisors Llc sold 8,642 shares as the company’s stock rose 13.46% with the market. The institutional investor held 19,071 shares of the consumer services company at the end of 2017Q2, valued at $1.09 million, down from 27,713 at the end of the previous reported quarter. Arrow Investment Advisors Llc who had been investing in Best Buy Inc for a number of months, seems to be less bullish one the $17.82B market cap company. The stock decreased 1.09% or $0.67 during the last trading session, reaching $60.97. About 3.54M shares traded. Best Buy Co., Inc. (NYSE:BBY) has risen 62.80% since December 7, 2016 and is uptrending. It has outperformed by 46.10% the S&P500.




Since June 9, 2017, it had 0 insider purchases, and 2 selling transactions for $2.31 million activity. Another trade for 503 shares valued at $29,679 was made by Watson Mathew on Friday, June 9.

More notable recent Best Buy Co., Inc. (NYSE:BBY) news were published by: Nasdaq.com which released: “Best Buy Co Inc. Q3 Profit Climbs 23%” on November 16, 2017, also Reuters.com with their article: “Late arrival of iPhone X clouds Best Buy’s results” published on November 16, 2017, Investorplace.com published: “Best Buy Co Inc Stock Is Still Worth Shopping For” on November 28, 2017. More interesting news about Best Buy Co., Inc. (NYSE:BBY) were released by: Usnews.com and their article: “Best Buy Flies High With Holiday Sales” published on November 28, 2017 as well as Investorplace.com‘s news article titled: “Best Buy Co Inc Has Found Its Niche – And So Has Its Stock” with publication date: November 22, 2017.

Investors sentiment decreased to 0.79 in Q2 2017. Its down 0.22, from 1.01 in 2017Q1. It dived, as 43 investors sold BBY shares while 213 reduced holdings. 88 funds opened positions while 113 raised stakes. 253.45 million shares or 5.82% less from 269.11 million shares in 2017Q1 were reported. Fukoku Mutual Life Insurance has 2,150 shares. The Florida-based Raymond James Serv Inc has invested 0.02% in Best Buy Co., Inc. (NYSE:BBY). Hightower Advsr Limited Liability Com holds 160,775 shares. State Of Tennessee Treasury Department reported 214,895 shares. Manufacturers Life Insurance The holds 294,589 shares. Andra Ap reported 91,200 shares. Twin Capital Mngmt Incorporated has invested 0.42% in Best Buy Co., Inc. (NYSE:BBY). Sumitomo Life Insurance holds 0.2% or 26,273 shares. Aqr Capital reported 5.10 million shares. Vanguard stated it has 32.22M shares. Hanseatic Mngmt Serv stated it has 0.54% in Best Buy Co., Inc. (NYSE:BBY). Macquarie Gru Inc has 0% invested in Best Buy Co., Inc. (NYSE:BBY) for 15,000 shares. Alps holds 0.01% of its portfolio in Best Buy Co., Inc. (NYSE:BBY) for 21,102 shares. Fiduciary Tru Com holds 0.06% of its portfolio in Best Buy Co., Inc. (NYSE:BBY) for 32,793 shares. Centurylink Invest Communications has 33,296 shares for 0.64% of their portfolio.

Among 27 analysts covering Best Buy Co (NYSE:BBY), 10 have Buy rating, 4 Sell and 13 Hold. Therefore 37% are positive. Best Buy Co had 92 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was maintained by UBS on Wednesday, August 24 with “Neutral”. The rating was downgraded by Credit Suisse on Wednesday, June 15 to “Neutral”. The rating was downgraded by Evercore to “Sell” on Tuesday, November 8. The firm has “Hold” rating given on Tuesday, September 19 by KeyBanc Capital Markets. The stock of Best Buy Co., Inc. (NYSE:BBY) has “Buy” rating given on Wednesday, August 2 by Piper Jaffray. The firm has “Outperform” rating given on Wednesday, September 20 by Telsey Advisory Group. On Friday, November 17 the stock rating was maintained by Deutsche Bank with “Hold”. The firm earned “Hold” rating on Thursday, August 27 by TheStreet. The firm earned “Buy” rating on Thursday, November 16 by Loop Capital Markets. The firm earned “Neutral” rating on Monday, August 17 by Wedbush.

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.01, from 0.96 in 2017Q1. It dropped, as 38 investors sold CLX shares while 261 reduced holdings. 65 funds opened positions while 219 raised stakes. 88.17 million shares or 0.11% less from 88.27 million shares in 2017Q1 were reported. Regions Fincl Corp holds 14,441 shares or 0.02% of its portfolio. Pub Sector Pension Invest Board accumulated 14,466 shares. Mitsubishi Ufj Tru Banking invested in 312,395 shares. Americafirst Cap Mgmt Ltd holds 1.37% or 8,135 shares in its portfolio. United Fincl Advisers Ltd Com owns 0.02% invested in The Clorox Company (NYSE:CLX) for 16,770 shares. Community Trust Invest invested in 10,000 shares or 0.15% of the stock. Holderness Invests stated it has 0.19% in The Clorox Company (NYSE:CLX). Eagle Glob Advisors holds 0.01% or 1,726 shares. Hl Serv Ltd Liability holds 8,073 shares. Utah Retirement System accumulated 23,621 shares or 0.07% of the stock. Employees Retirement Association Of Colorado accumulated 24,692 shares. Axel Limited Liability Co holds 0.4% in The Clorox Company (NYSE:CLX) or 6,200 shares. Cls Invs Lc reported 2,384 shares. 2,079 are held by Davidson & Garrard Incorporated. 370,325 are held by Financial Bank Of Montreal Can.

Korea Investment Corp, which manages about $21.46B US Long portfolio, decreased its stake in Omnicom Group Inc (NYSE:OMC) by 18,017 shares to 101,890 shares, valued at $8.45 million in 2017Q2, according to the filing. It also reduced its holding in Cardinal Health Inc (NYSE:CAH) by 7,153 shares in the quarter, leaving it with 78,369 shares, and cut its stake in Discovery Communicatns New (NASDAQ:DISCA).

Among 15 analysts covering The Clorox Company (NYSE:CLX), 3 have Buy rating, 2 Sell and 10 Hold. Therefore 20% are positive. The Clorox Company had 41 analyst reports since August 5, 2015 according to SRatingsIntel. On Friday, August 4 the stock rating was maintained by Barclays Capital with “Equal-Weight”. Jefferies maintained the shares of CLX in report on Thursday, August 3 with “Hold” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, November 3 report. The firm has “Underweight” rating given on Monday, March 21 by Barclays Capital. On Friday, October 6 the stock rating was maintained by RBC Capital Markets with “Hold”. Jefferies maintained the stock with “Hold” rating in Wednesday, April 19 report. As per Tuesday, November 3, the company rating was maintained by Deutsche Bank. Morgan Stanley upgraded The Clorox Company (NYSE:CLX) on Friday, December 16 to “Equal-Weight” rating. The stock has “Market Perform” rating by Wells Fargo on Tuesday, November 15. JP Morgan maintained The Clorox Company (NYSE:CLX) on Wednesday, May 4 with “Underweight” rating.

More important recent The Clorox Company (NYSE:CLX) news were published by: Bloomberg.com which released: “P&G Becomes Improbable Supporter of Ingredient Disclosure Rule” on December 07, 2017, also Nasdaq.com published article titled: “Clorox a Top Ranked SAFE Dividend Stock With 2.5% Yield (CLX)”, Seekingalpha.com published: “The Clorox Company: In The Spotlight” on September 07, 2017. More interesting news about The Clorox Company (NYSE:CLX) was released by: Foxbusiness.com and their article: “Consumer-Goods Firms Shine in Financial Category — WSJ” with publication date: December 05, 2017.

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