Verity Asset Management adds Colgate-Palmolive Company (CL) to its portfolio

Colgate-Palmolive Company (CL) : Verity Asset Management added new position in Colgate-Palmolive Company during the most recent quarter end. The investment management firm now holds 28,654 shares of Colgate-Palmolive Company which is valued at $2.1 Million , the company said in a statement filed on May 13, 2016 with the SEC.Colgate-Palmolive Company makes up approximately 2.35% of Verity Asset Management’s portfolio.

Other Hedge Funds, Including , Cetera Advisors reduced its stake in CL by selling 1,770 shares or 7.43% in the most recent quarter. The Hedge Fund company now holds 22,057 shares of CL which is valued at $1.6 Million. Colgate-Palmolive Company makes up approx 0.13% of Cetera Advisors’s portfolio.Girard Partners Ltd. reduced its stake in CL by selling 3,801 shares or 14.18% in the most recent quarter. The Hedge Fund company now holds 23,012 shares of CL which is valued at $1.6 Million. Colgate-Palmolive Company makes up approx 0.73% of Girard Partners Ltd.’s portfolio.Tiaa Cref Investment Management boosted its stake in CL in the latest quarter, The investment management firm added 109,537 additional shares and now holds a total of 3,456,124 shares of Colgate-Palmolive Company which is valued at $248.2 Million. Colgate-Palmolive Company makes up approx 0.19% of Tiaa Cref Investment Management’s portfolio.Torray boosted its stake in CL in the latest quarter, The investment management firm added 227,755 additional shares and now holds a total of 823,047 shares of Colgate-Palmolive Company which is valued at $59.1 Million. Colgate-Palmolive Company makes up approx 3.09% of Torray’s portfolio.Nippon Life Insurance Co reduced its stake in CL by selling 1,748 shares or 0.38% in the most recent quarter. The Hedge Fund company now holds 453,276 shares of CL which is valued at $32.6 Million. Colgate-Palmolive Company makes up approx 0.78% of Nippon Life Insurance Co’s portfolio.

Colgate-Palmolive Company closed down -0.2 points or -0.28% at $70.67 with 20,98,462 shares getting traded on Wednesday. Post opening the session at $70.96, the shares hit an intraday low of $70.64 and an intraday high of $71.15 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Colgate-Palmolive Company reported $0.63 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.63. The company had revenue of $3762.00 million for the quarter, compared to analysts expectations of $3760.63 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 $0.66 EPS.

Many Wall Street Analysts have commented on Colgate-Palmolive Company. Colgate-Palmolive Company was Upgraded by Goldman to ” Neutral” on May 2, 2016. Company shares were Reiterated by UBS on Apr 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 76 from a previous price target of $73 .Colgate-Palmolive Company was Downgraded by Sterne Agee CRT to ” Neutral” on Feb 26, 2016.

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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