Stock Yards Bank Trust Co Lowers stake in Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (CL) : Stock Yards Bank Trust Co reduced its stake in Colgate-Palmolive Company by 8.74% during the most recent quarter end. The investment management company now holds a total of 9,580 shares of Colgate-Palmolive Company which is valued at $692,730 after selling 918 shares in Colgate-Palmolive Company , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Colgate-Palmolive Company makes up approximately 0.10% of Stock Yards Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Vigilant Capital Management reduced its stake in CL by selling 700 shares or 4.42% in the most recent quarter. The Hedge Fund company now holds 15,122 shares of CL which is valued at $1,093,472. Colgate-Palmolive Company makes up approx 0.20% of Vigilant Capital Management’s portfolio.Howland Capital Management boosted its stake in CL in the latest quarter, The investment management firm added 1,668 additional shares and now holds a total of 192,685 shares of Colgate-Palmolive Company which is valued at $13,904,150. Colgate-Palmolive Company makes up approx 1.32% of Howland Capital Management’s portfolio.Canandaigua National Bank Trust Co boosted its stake in CL in the latest quarter, The investment management firm added 832 additional shares and now holds a total of 16,012 shares of Colgate-Palmolive Company which is valued at $1,156,066. Colgate-Palmolive Company makes up approx 0.34% of Canandaigua National Bank Trust Co’s portfolio.New England Research Management reduced its stake in CL by selling 3,700 shares or 50.68% in the most recent quarter. The Hedge Fund company now holds 3,600 shares of CL which is valued at $262,692. Colgate-Palmolive Company makes up approx 0.22% of New England Research Management’s portfolio.Cullinan Associates Inc boosted its stake in CL in the latest quarter, The investment management firm added 1,223 additional shares and now holds a total of 210,313 shares of Colgate-Palmolive Company which is valued at $15,346,540. Colgate-Palmolive Company makes up approx 1.32% of Cullinan Associates Inc’s portfolio.

Colgate-Palmolive Company opened for trading at $72.4 and hit $72.9 on the upside on Friday, eventually ending the session at $72.31, with a gain of 0.21% or 0.15 points. The heightened volatility saw the trading volume jump to 28,74,972 shares. Company has a market cap of $64,464 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.

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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