Cipher Capital Lp adds Colgate-Palmolive Company (CL) to its portfolio

Colgate-Palmolive Company (CL) : Cipher Capital Lp added new position in Colgate-Palmolive Company during the most recent quarter end. The investment management firm now holds 121,019 shares of Colgate-Palmolive Company which is valued at $9,072,794 , the company said in a statement filed on Aug 11, 2016 with the SEC.Colgate-Palmolive Company makes up approximately 0.60% of Cipher Capital Lp’s portfolio.

Other Hedge Funds, Including , Stearns Financial Services Group boosted its stake in CL in the latest quarter, The investment management firm added 208 additional shares and now holds a total of 5,541 shares of Colgate-Palmolive Company which is valued at $415,409. Colgate-Palmolive Company makes up approx 0.11% of Stearns Financial Services Group’s portfolio.Tortoise Investment Management reduced its stake in CL by selling 846 shares or 8.91% in the most recent quarter. The Hedge Fund company now holds 8,644 shares of CL which is valued at $640,348. Colgate-Palmolive Company makes up approx 0.22% of Tortoise Investment Management’s portfolio.Courier Capital Corp reduced its stake in CL by selling 642 shares or 3.31% in the most recent quarter. The Hedge Fund company now holds 18,754 shares of CL which is valued at $1,389,296. Colgate-Palmolive Company makes up approx 0.27% of Courier Capital Corp’s portfolio.

Colgate-Palmolive Company opened for trading at $74.48 and hit $74.84 on the upside on Tuesday, eventually ending the session at $74.54, with a gain of 0.05% or 0.04 points. The heightened volatility saw the trading volume jump to 14,60,644 shares. Company has a market cap of $66,452 M.

On the company’s financial health, Colgate-Palmolive Company reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.69. The company had revenue of $3845.00 million for the quarter, compared to analysts expectations of $3859.81 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.

Many Wall Street Analysts have commented on Colgate-Palmolive Company. Colgate-Palmolive Company was Downgraded by Exane BNP Paribas to ” Neutral” on Jul 29, 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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