Bath Savings Trust Co buys $8,239,705 stake in Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (CL) : Bath Savings Trust Co scooped up 275 additional shares in Colgate-Palmolive Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 110,437 shares of Colgate-Palmolive Company which is valued at $8,239,705.Colgate-Palmolive Company makes up approximately 2.52% of Bath Savings Trust Co’s portfolio.

Other Hedge Funds, Including , Palo Capital boosted its stake in CL in the latest quarter, The investment management firm added 39,930 additional shares and now holds a total of 44,038 shares of Colgate-Palmolive Company which is valued at $3,285,675. Colgate-Palmolive Company makes up approx 1.09% of Palo Capital’s portfolio.Murphy Capital Management Inc reduced its stake in CL by selling 450 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 35,510 shares of CL which is valued at $2,632,001. Colgate-Palmolive Company makes up approx 0.40% of Murphy Capital Management Inc’s portfolio.Ronna Sue Cohen boosted its stake in CL in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 15,411 shares of Colgate-Palmolive Company which is valued at $1,147,657. Colgate-Palmolive Company makes up approx 0.83% of Ronna Sue Cohen’s portfolio.Packer Co Ltd reduced its stake in CL by selling 70,040 shares or 11.3% in the most recent quarter. The Hedge Fund company now holds 550,000 shares of CL which is valued at $40,837,500. Colgate-Palmolive Company makes up approx 6.56% of Packer Co Ltd’s portfolio.

Colgate-Palmolive Company closed down -0.05 points or -0.07% at $74.12 with 29,61,822 shares getting traded on Wednesday. Post opening the session at $74.27, the shares hit an intraday low of $74.09 and an intraday high of $74.51 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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 (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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