Farmers National Bank buys $4.2 Million stake in Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (CL) : Farmers National Bank scooped up 14,392 additional shares in Colgate-Palmolive Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 57,913 shares of Colgate-Palmolive Company which is valued at $4.2 Million.Colgate-Palmolive Company makes up approximately 2.73% of Farmers National Bank’s portfolio.

Other Hedge Funds, Including , Anchor Capital Advisors reduced its stake in CL by selling 3,670 shares or 1.9% in the most recent quarter. The Hedge Fund company now holds 189,769 shares of CL which is valued at $13.6 Million. Colgate-Palmolive Company makes up approx 0.35% of Anchor Capital Advisors’s portfolio.Violich Capital Management reduced its stake in CL by selling 150 shares or 0.82% in the most recent quarter. The Hedge Fund company now holds 18,210 shares of CL which is valued at $1.3 Million. Colgate-Palmolive Company makes up approx 0.42% of Violich Capital Management’s portfolio.Nationwide Fund Advisors reduced its stake in CL by selling 117,065 shares or 15.63% in the most recent quarter. The Hedge Fund company now holds 631,798 shares of CL which is valued at $45.4 Million. Colgate-Palmolive Company makes up approx 0.20% of Nationwide Fund Advisors’s portfolio.Bartlett reduced its stake in CL by selling 450 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 103,022 shares of CL which is valued at $7.4 Million. Colgate-Palmolive Company makes up approx 0.37% of Bartlett’s portfolio.

Colgate-Palmolive Company opened for trading at $71.59 and hit $72.22 on the upside on Monday, eventually ending the session at $72.02, with a gain of 0.49% or 0.35 points. The heightened volatility saw the trading volume jump to 21,43,404 shares. Company has a market cap of $64,315 M.

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.

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 was Downgraded by Sterne Agee CRT to ” Neutral” on Feb 26, 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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