Colgate-Palmolive Company (CL) : Coastline Trust Co reduced its stake in Colgate-Palmolive Company by 9.87% during the most recent quarter end. The investment management company now holds a total of 67,445 shares of Colgate-Palmolive Company which is valued at $4,805,456 after selling 7,385 shares in Colgate-Palmolive Company , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Colgate-Palmolive Company makes up approximately 1.02% of Coastline Trust Co’s portfolio.
Colgate-Palmolive Company closed down -1.33 points or -1.89% at $68.98 with 41,27,637 shares getting traded on Wednesday. Post opening the session at $70.2, the shares hit an intraday low of $68.81 and an intraday high of $70.32 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Howland Capital Management boosted its stake in CL in the latest quarter, The investment management firm added 2,128 additional shares and now holds a total of 176,088 shares of Colgate-Palmolive Company which is valued at $12,546,270. Colgate-Palmolive Company makes up approx 1.26% of Howland Capital Management’s portfolio.British Columbia Investment Management Corp boosted its stake in CL in the latest quarter, The investment management firm added 70,618 additional shares and now holds a total of 519,978 shares of Colgate-Palmolive Company which is valued at $36,887,239. Colgate-Palmolive Company makes up approx 0.35% of British Columbia Investment Management Corp’s portfolio.Community Trust Investment Co boosted its stake in CL in the latest quarter, The investment management firm added 290 additional shares and now holds a total of 5,790 shares of Colgate-Palmolive Company which is valued at $410,743. Colgate-Palmolive Company makes up approx 0.05% of Community Trust Investment Co’s portfolio. Beacon Financial Group sold out all of its stake in CL during the most recent quarter. The investment firm sold 3,270 shares of CL which is valued $232,824.
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.