Colgate-Palmolive Company (CL) : Legacy Capital Partners reduced its stake in Colgate-Palmolive Company by 1.43% during the most recent quarter end. The investment management company now holds a total of 56,041 shares of Colgate-Palmolive Company which is valued at $4,171,132 after selling 815 shares in Colgate-Palmolive Company , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Colgate-Palmolive Company makes up approximately 2.54% of Legacy Capital Partners’s portfolio.
Other Hedge Funds, Including , First Personal Financial Services boosted its stake in CL in the latest quarter, The investment management firm added 1,495 additional shares and now holds a total of 28,842 shares of Colgate-Palmolive Company which is valued at $2,146,710. Colgate-Palmolive Company makes up approx 0.71% of First Personal Financial Services’s portfolio.Los Angeles Capital Management Equity Research Inc boosted its stake in CL in the latest quarter, The investment management firm added 74,545 additional shares and now holds a total of 676,112 shares of Colgate-Palmolive Company which is valued at $50,634,028. Colgate-Palmolive Company makes up approx 0.42% of Los Angeles Capital Management Equity Research Inc’s portfolio.Mufg Americas Holdings Corp reduced its stake in CL by selling 7,531 shares or 8.19% in the most recent quarter. The Hedge Fund company now holds 84,448 shares of CL which is valued at $6,324,311. Colgate-Palmolive Company makes up approx 0.21% of Mufg Americas Holdings Corp’s portfolio.Joel Isaacson reduced its stake in CL by selling 1,500 shares or 10.61% in the most recent quarter. The Hedge Fund company now holds 12,642 shares of CL which is valued at $943,220. Colgate-Palmolive Company makes up approx 0.19% of Joel Isaacson’s portfolio.Creative Planning reduced its stake in CL by selling 3,659 shares or 6.88% in the most recent quarter. The Hedge Fund company now holds 49,559 shares of CL which is valued at $3,690,659. Colgate-Palmolive Company makes up approx 0.03% of Creative Planning’s portfolio.
Colgate-Palmolive Company opened for trading at $74.39 and hit $74.65 on the upside on Wednesday, eventually ending the session at $74.58, with a gain of 0.35% or 0.26 points. The heightened volatility saw the trading volume jump to 19,77,912 shares. Company has a market cap of $66,488 M.
On the company’s financial health, Colgate-Palmolive Company reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.69. The company had revenue of $3845.00 million for the quarter, compared to analysts expectations of $3859.81 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.
Many Wall Street Analysts have commented on Colgate-Palmolive Company. Colgate-Palmolive Company was Downgraded by Exane BNP Paribas to ” Neutral” on Jul 29, 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.