Colgate-Palmolive Company (CL) : Starfire Investment Advisers scooped up 6 additional shares in Colgate-Palmolive Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 9,121 shares of Colgate-Palmolive Company which is valued at $649,871.Colgate-Palmolive Company makes up approximately 0.42% of Starfire Investment Advisers’s portfolio.
Colgate-Palmolive Company opened for trading at $70.9 and hit $71.4665 on the upside on Monday, eventually ending the session at $71.32, with a gain of 0.10% or 0.07 points. The heightened volatility saw the trading volume jump to 21,52,656 shares. Company has a market cap of $63,670 M.
Other Hedge Funds, Including , Campbell Newman Asset Management Inc reduced its stake in CL by selling 11,115 shares or 24.83% in the most recent quarter. The Hedge Fund company now holds 33,654 shares of CL which is valued at $2,397,848. Colgate-Palmolive Company makes up approx 0.49% of Campbell Newman Asset Management Inc’s portfolio.Endurance Wealth Management reduced its stake in CL by selling 950 shares or 2.01% in the most recent quarter. The Hedge Fund company now holds 46,201 shares of CL which is valued at $3,291,821. Colgate-Palmolive Company makes up approx 0.64% of Endurance Wealth Management’s portfolio.Webster Bank N. A. reduced its stake in CL by selling 237 shares or 5.89% in the most recent quarter. The Hedge Fund company now holds 3,788 shares of CL which is valued at $269,895. Colgate-Palmolive Company makes up approx 0.04% of Webster Bank N. A.’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in CL in the latest quarter, The investment management firm added 21,889 additional shares and now holds a total of 184,765 shares of Colgate-Palmolive Company which is valued at $13,164,506. Colgate-Palmolive Company makes up approx 0.30% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Vigilant Capital Management reduced its stake in CL by selling 1,345 shares or 7.88% in the most recent quarter. The Hedge Fund company now holds 15,732 shares of CL which is valued at $1,116,028. Colgate-Palmolive Company makes up approx 0.23% of Vigilant Capital Management’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.
Investors should note that on Mar 10, 2016, Colgate-Palmolive Company announced a cash dividend of $0.3900. The company’s management has announced Apr 20, 2016 as the ex-dividend date and fixed the record date on Apr 22, 2016. The payable date has been fixed on May 16, 2016.
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.