Oakmont Partners adds Colgate-Palmolive Company (CL) to its portfolio

Colgate-Palmolive Company (CL) : Oakmont Partners added new position in Colgate-Palmolive Company during the most recent quarter end. The investment management firm now holds 2,719 shares of Colgate-Palmolive Company which is valued at $197,427 , the company said in a statement filed on Oct 11, 2016 with the SEC.Colgate-Palmolive Company makes up approximately 0.13% of Oakmont Partners’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp boosted its stake in CL in the latest quarter, The investment management firm added 10,468 additional shares and now holds a total of 30,468 shares of Colgate-Palmolive Company which is valued at $2,212,281. Colgate-Palmolive Company makes up approx 0.14% of Cutler Group Lp’s portfolio.First Mercantile Trust Co reduced its stake in CL by selling 2,890 shares or 51.3% in the most recent quarter. The Hedge Fund company now holds 2,743 shares of CL which is valued at $200,376. Colgate-Palmolive Company makes up approx 0.03% of First Mercantile Trust Co’s portfolio.Ct Mason boosted its stake in CL in the latest quarter, The investment management firm added 6,980 additional shares and now holds a total of 41,924 shares of Colgate-Palmolive Company which is valued at $3,059,194. Colgate-Palmolive Company makes up approx 1.35% of Ct Mason’s portfolio.Washington Trust Bank boosted its stake in CL in the latest quarter, The investment management firm added 362 additional shares and now holds a total of 3,955 shares of Colgate-Palmolive Company which is valued at $288,596. Colgate-Palmolive Company makes up approx 0.07% of Washington Trust Bank’s portfolio.

Colgate-Palmolive Company closed down -0.41 points or -0.56% at $72.2 with 29,71,861 shares getting traded on Tuesday. Post opening the session at $72.54, the shares hit an intraday low of $71.89 and an intraday high of $72.63 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Investors should note that on Sep 8, 2016, Colgate-Palmolive Company announced a cash dividend of $0.3900. The company’s management has announced Oct 20, 2016 as the ex-dividend date and fixed the record date on Oct 24, 2016. The payable date has been fixed on Nov 15, 2016.

Many Wall Street Analysts have commented on Colgate-Palmolive Company. Colgate-Palmolive Company was Upgraded by BofA/Merrill to ” Buy” on Sep 12, 2016. 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.

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