Bridges Investment Management Inc buys $1,310,966 stake in Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (CL) : Bridges Investment Management Inc scooped up 517 additional shares in Colgate-Palmolive Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 18,983 shares of Colgate-Palmolive Company which is valued at $1,310,966.Colgate-Palmolive Company makes up approximately 0.23% of Bridges Investment Management Inc’s portfolio.

Colgate-Palmolive Company opened for trading at $69.11 and hit $69.74 on the upside on Wednesday, eventually ending the session at $69.31, with a gain of 0.51% or 0.35 points. The heightened volatility saw the trading volume jump to 44,70,872 shares. Company has a market cap of $61,876 M.

Other Hedge Funds, Including , Appleton Partners Incma reduced its stake in CL by selling 117 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 38,091 shares of CL which is valued at $2,630,564. Colgate-Palmolive Company makes up approx 0.51% of Appleton Partners Incma’s portfolio.Mitchell Mcleod Pugh Williams Inc reduced its stake in CL by selling 54 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 8,801 shares of CL which is valued at $607,797. Colgate-Palmolive Company makes up approx 0.48% of Mitchell Mcleod Pugh Williams Inc’s portfolio.Ronna Sue Cohen reduced its stake in CL by selling 33 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 15,374 shares of CL which is valued at $1,061,728. Colgate-Palmolive Company makes up approx 0.89% of Ronna Sue Cohen’s portfolio. Butensky Cohen Financial Security Inc sold out all of its stake in CL during the most recent quarter. The investment firm sold 23 shares of CL which is valued $1,588.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in CL in the latest quarter, The investment management firm added 21,889 additional shares and now holds a total of 184,765 shares of Colgate-Palmolive Company which is valued at $13,164,506. Colgate-Palmolive Company makes up approx 0.30% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

On the company’s financial health, Colgate-Palmolive Company reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 29, 2016. Analyst had a consensus of $0.72. The company had revenue of $3899.00 million for the quarter, compared to analysts expectations of $3927.05 million. The company’s revenue was down -7.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.76 EPS.

Many Wall Street Analysts have commented on Colgate-Palmolive Company. Colgate-Palmolive Company was Downgraded by Sterne Agee CRT to ” Neutral” on Feb 26, 2016. Shares were Reiterated by UBS on Feb 1, 2016 to “Neutral” and Lowered the Price Target to $ 67 from a previous price target of $69 .

Colgate-Palmolive Company (Colgate) is a consumer products company whose products are marketed in more than 200 countries and territories throughout the world. The Company operates in two product segments: Oral Personal and Home Care and Pet Nutrition. The Oral Personal and Home Care product segment is operated through five geographic segments: North America Latin America Europe/South Pacific Asia and Africa/Eurasia. The Company’s oral care products include Colgate Total; Colgate Sensitive Pro-Relief; Colgate Max Fresh; Colgate Optic White and Colgate Luminous White toothpastes among others. The Company sells its personal care products under the Palmolive Protex and Softsoap brands. The Company through its Hill’s Pet Nutrition segment (Hill’s) manufactures pet nutrition products for dogs and cats.

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