The Clorox Company (CLX) Reaches $128.34 Formed H&S; Mountain Lake Investment Management Has Trimmed Owens Ill (OI) Stake

Owens-Illinois, Inc. (NYSE:OI) Logo

The Clorox Company (CLX) formed H&S with $121.92 target or 5.00% below today’s $128.34 share price. The Clorox Company (CLX) has $16.61B valuation. The stock decreased 0.27% or $0.35 during the last trading session, reaching $128.34. About 1.01 million shares traded. The Clorox Company (NYSE:CLX) has declined 7.70% since April 4, 2017 and is downtrending. It has underperformed by 19.25% the S&P500.

Mountain Lake Investment Management Llc decreased Owens Ill Inc (OI) stake by 60% reported in 2017Q4 SEC filing. Mountain Lake Investment Management Llc sold 150,000 shares as Owens Ill Inc (OI)’s stock declined 3.69%. The Mountain Lake Investment Management Llc holds 100,000 shares with $2.22M value, down from 250,000 last quarter. Owens Ill Inc now has $3.51 billion valuation. The stock increased 1.51% or $0.32 during the last trading session, reaching $21.48. About 1.09 million shares traded. Owens-Illinois, Inc. (NYSE:OI) has risen 6.62% since April 4, 2017 and is uptrending. It has underperformed by 4.93% the S&P500.

Analysts await Owens-Illinois, Inc. (NYSE:OI) to report earnings on April, 23. They expect $0.57 earnings per share, down 1.72% or $0.01 from last year’s $0.58 per share. OI’s profit will be $93.09 million for 9.42 P/E if the $0.57 EPS becomes a reality. After $0.55 actual earnings per share reported by Owens-Illinois, Inc. for the previous quarter, Wall Street now forecasts 3.64% EPS growth.

Investors sentiment decreased to 1.09 in 2017 Q4. Its down 0.47, from 1.56 in 2017Q3. It turned negative, as 36 investors sold OI shares while 95 reduced holdings. 39 funds opened positions while 104 raised stakes. 150.68 million shares or 0.48% more from 149.96 million shares in 2017Q3 were reported. Utah Retirement invested in 0.01% or 30,141 shares. Fmr Ltd Liability Com reported 1.16 million shares stake. Tocqueville Asset Management Limited Partnership accumulated 214,204 shares or 0.05% of the stock. Pdt Prtn Ltd Liability holds 0.33% of its portfolio in Owens-Illinois, Inc. (NYSE:OI) for 510,904 shares. Jpmorgan Chase reported 0% stake. Quantitative Investment Mgmt Ltd Liability Co has invested 0.01% in Owens-Illinois, Inc. (NYSE:OI). Moreover, Schwab Charles Mngmt has 0.01% invested in Owens-Illinois, Inc. (NYSE:OI). Clearbridge Ltd Company has 1,447 shares for 0% of their portfolio. Ny State Common Retirement Fund invested 0.01% of its portfolio in Owens-Illinois, Inc. (NYSE:OI). United Fincl Advisers Limited Liability Company owns 40,200 shares or 0.01% of their US portfolio. Parametric Port Associate Ltd Company has invested 0.02% of its portfolio in Owens-Illinois, Inc. (NYSE:OI). Amalgamated Retail Bank invested in 0.02% or 33,831 shares. Northwestern Mutual Wealth Co stated it has 1,084 shares or 0% of all its holdings. Massachusetts Fincl Ser Ma, Massachusetts-based fund reported 36,962 shares. Panagora Asset Mngmt Inc accumulated 9,665 shares or 0% of the stock.

Since March 15, 2018, it had 0 insider purchases, and 1 sale for $268,762 activity. 11,910 shares were sold by Currarino Moyano Giancarlo, worth $268,762.

Among 16 analysts covering Owens-Illinois Inc (NYSE:OI), 4 have Buy rating, 1 Sell and 11 Hold. Therefore 25% are positive. Owens-Illinois Inc had 47 analyst reports since July 31, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Hold” rating and $25.0 target in Friday, August 25 report. As per Wednesday, August 2, the company rating was maintained by Jefferies. The company was initiated on Tuesday, November 10 by Macquarie Research. The firm earned “Sell” rating on Thursday, May 12 by Goldman Sachs. Jefferies maintained the stock with “Hold” rating in Friday, July 14 report. Wells Fargo maintained the stock with “Market Perform” rating in Friday, February 9 report. The firm has “Hold” rating given on Monday, October 30 by KeyBanc Capital Markets. RBC Capital Markets initiated the shares of OI in report on Friday, September 30 with “Sector Perform” rating. The firm earned “Hold” rating on Thursday, July 13 by RBC Capital Markets. The company was maintained on Tuesday, October 17 by RBC Capital Markets.

Analysts await The Clorox Company (NYSE:CLX) to report earnings on May, 2. They expect $1.31 earnings per share, 0.00% or $0.00 from last year’s $1.31 per share. CLX’s profit will be $169.52M for 24.49 P/E if the $1.31 EPS becomes a reality. After $1.23 actual earnings per share reported by The Clorox Company for the previous quarter, Wall Street now forecasts 6.50% EPS growth.

Among 16 analysts covering The Clorox Company (NYSE:CLX), 3 have Buy rating, 1 Sell and 12 Hold. Therefore 19% are positive. The Clorox Company has $155.0 highest and $92 lowest target. $132.17’s average target is 2.98% above currents $128.34 stock price. The Clorox Company had 52 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of The Clorox Company (NYSE:CLX) earned “Buy” rating by BMO Capital Markets on Monday, February 5. The stock of The Clorox Company (NYSE:CLX) has “Neutral” rating given on Tuesday, March 13 by JP Morgan. Atlantic Securities upgraded the shares of CLX in report on Friday, September 16 to “Buy” rating. The stock of The Clorox Company (NYSE:CLX) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, November 3. Deutsche Bank maintained The Clorox Company (NYSE:CLX) rating on Wednesday, August 5. Deutsche Bank has “Hold” rating and $114 target. Barclays Capital maintained it with “Underweight” rating and $120 target in Monday, March 21 report. The stock has “Hold” rating by Argus Research on Thursday, February 8. The firm has “Market Perform” rating given on Tuesday, November 15 by Wells Fargo. Morgan Stanley maintained it with “Equal-Weight” rating and $128 target in Thursday, November 2 report. BMO Capital Markets maintained the shares of CLX in report on Tuesday, October 3 with “Buy” rating.

The Clorox Company (NYSE:CLX) Institutional Positions Chart