Cullinan Associates Inc Lowers stake in Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (CL) : Cullinan Associates Inc reduced its stake in Colgate-Palmolive Company by 0.44% during the most recent quarter end. The investment management company now holds a total of 209,090 shares of Colgate-Palmolive Company which is valued at $15,253,116 after selling 927 shares in Colgate-Palmolive Company , the firm said in a disclosure report filed with the SEC on Jul 1, 2016.Colgate-Palmolive Company makes up approximately 1.24% of Cullinan Associates Inc’s portfolio.

Other Hedge Funds, Including , Toth Financial Advisory Corp reduced its stake in CL by selling 1,150 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 78,497 shares of CL which is valued at $5,726,356. Colgate-Palmolive Company makes up approx 1.75% of Toth Financial Advisory Corp’s portfolio.

Colgate-Palmolive Company closed down -0.25 points or -0.34% at $72.95 with 26,52,641 shares getting traded on Friday. Post opening the session at $73.15, the shares hit an intraday low of $72.865 and an intraday high of $73.42 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Investors should note that on Jun 9, 2016, Colgate-Palmolive Company announced a cash dividend of $0.3900. The company’s management has announced Jul 20, 2016 as the ex-dividend date and fixed the record date on Jul 22, 2016. The payable date has been fixed on Aug 15, 2016.

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 (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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