Saturna Capital Corp Lowers stake in Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (CL) : Saturna Capital Corp reduced its stake in Colgate-Palmolive Company by 0.08% during the most recent quarter end. The investment management company now holds a total of 609,008 shares of Colgate-Palmolive Company which is valued at $40,547,753 after selling 500 shares in Colgate-Palmolive Company , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Colgate-Palmolive Company makes up approximately 1.36% of Saturna Capital Corp’s portfolio.

Other Hedge Funds, Including , Newman Dignan Sheerar added CL to its portfolio by purchasing 2,600 company shares during the most recent quarter which is valued at $185,042. Colgate-Palmolive Company makes up approx 0.12% of Newman Dignan Sheerar’s portfolio.Bollard Group boosted its stake in CL in the latest quarter, The investment management firm added 216 additional shares and now holds a total of 42,515 shares of Colgate-Palmolive Company which is valued at $3,029,619. Colgate-Palmolive Company makes up approx 0.20% of Bollard Group’s portfolio.Capital Investment Advisors reduced its stake in CL by selling 21 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 8,091 shares of CL which is valued at $583,199. Colgate-Palmolive Company makes up approx 0.05% of Capital Investment Advisors’s portfolio.

Colgate-Palmolive Company closed down -0.13 points or -0.20% at $65.86 with 47,47,547 shares getting traded on Monday. Post opening the session at $65.74, the shares hit an intraday low of $65.5 and an intraday high of $66 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Colgate-Palmolive Company reported $0.73 EPS for the quarter, based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus estimate of $0.73. The company had revenue of $3867.00 million for the quarter, compared to analysts expectations of $3936.57 million. The company’s revenue was down -3.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on Colgate-Palmolive Company. Colgate-Palmolive Company was Resumed by Wells Fargo to “Market Perform” on Nov 15, 2016. Company shares were Reiterated by B. Riley & Co. on Oct 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 78 from a previous price target of $71 .Shares were Reiterated by UBS on Oct 28, 2016 to “Neutral” and Lowered the Price Target to $ 76 from a previous price target of $78 .

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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