High Point Bank Trust Co Lowers stake in Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (CL) : High Point Bank Trust Co reduced its stake in Colgate-Palmolive Company by 2.86% during the most recent quarter end. The investment management company now holds a total of 23,756 shares of Colgate-Palmolive Company which is valued at $1,640,589 after selling 700 shares in Colgate-Palmolive Company , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Colgate-Palmolive Company makes up approximately 0.43% of High Point Bank Trust Co’s portfolio.

Colgate-Palmolive Company opened for trading at $68.76 and hit $69.09 on the upside on Friday, eventually ending the session at $69.06, with a gain of 0.12% or 0.08 points. The heightened volatility saw the trading volume jump to 32,28,556 shares. Company has a market cap of $61,653 M.

Other Hedge Funds, Including , Horan Capital Management reduced its stake in CL by selling 1,050 shares or 3.76% in the most recent quarter. The Hedge Fund company now holds 26,870 shares of CL which is valued at $1,855,642. Colgate-Palmolive Company makes up approx 0.51% of Horan Capital Management’s portfolio. Vontobel Asset Management Inc sold out all of its stake in CL during the most recent quarter. The investment firm sold 193,500 shares of CL which is valued $13,363,110.Woodley Farra Manion Portfolio Management Inc reduced its stake in CL by selling 1,780 shares or 3.63% in the most recent quarter. The Hedge Fund company now holds 47,233 shares of CL which is valued at $3,261,911. Colgate-Palmolive Company makes up approx 0.54% of Woodley Farra Manion Portfolio Management Inc’s portfolio.Gofen Glossberg Il reduced its stake in CL by selling 2,040 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 170,095 shares of CL which is valued at $12,119,269. Colgate-Palmolive Company makes up approx 0.51% of Gofen Glossberg Il’s portfolio.Kistler-tiffany Companies boosted its stake in CL in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 1,861 shares of Colgate-Palmolive Company which is valued at $132,019. Colgate-Palmolive Company makes up approx 0.07% of Kistler-tiffany Companies’s portfolio.

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.

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