Security National Bank Of So Dak buys $1.5 Million stake in Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (CL) : Security National Bank Of So Dak scooped up 755 additional shares in Colgate-Palmolive Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 20,729 shares of Colgate-Palmolive Company which is valued at $1.5 Million.Colgate-Palmolive Company makes up approximately 2.09% of Security National Bank Of So Dak’s portfolio.

Other Hedge Funds, Including , Rwc Asset Management Llp boosted its stake in CL in the latest quarter, The investment management firm added 34,485 additional shares and now holds a total of 229,004 shares of Colgate-Palmolive Company which is valued at $16.4 Million. Colgate-Palmolive Company makes up approx 0.47% of Rwc Asset Management Llp’s portfolio.Mackenzie Financial Corp reduced its stake in CL by selling 154,789 shares or 7.42% in the most recent quarter. The Hedge Fund company now holds 1,932,187 shares of CL which is valued at $138.5 Million. Colgate-Palmolive Company makes up approx 1.27% of Mackenzie Financial Corp’s portfolio.Mufg Americas Holdings Corp reduced its stake in CL by selling 785 shares or 0.85% in the most recent quarter. The Hedge Fund company now holds 91,979 shares of CL which is valued at $6.6 Million. Colgate-Palmolive Company makes up approx 0.23% of Mufg Americas Holdings Corp’s portfolio. Rit Capital Partners Plc sold out all of its stake in CL during the most recent quarter. The investment firm sold 1,036,300 shares of CL which is valued $74.3 Million. Buffington Mohr Mcneal added CL to its portfolio by purchasing 2,550 company shares during the most recent quarter which is valued at $180,846. Colgate-Palmolive Company makes up approx 0.08% of Buffington Mohr Mcneal’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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