Charter Trust Co Lowers stake in Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (CL) : Charter Trust Co reduced its stake in Colgate-Palmolive Company by 0.05% during the most recent quarter end. The investment management company now holds a total of 370,865 shares of Colgate-Palmolive Company which is valued at $27,488,514 after selling 180 shares in Colgate-Palmolive Company , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Colgate-Palmolive Company makes up approximately 3.10% of Charter Trust Co’s portfolio.

Other Hedge Funds, Including , Tnb Financial boosted its stake in CL in the latest quarter, The investment management firm added 3,830 additional shares and now holds a total of 14,580 shares of Colgate-Palmolive Company which is valued at $1,080,670. Colgate-Palmolive Company makes up approx 0.28% of Tnb Financial’s portfolio.Murphy Pohlad Asset Management reduced its stake in CL by selling 350 shares or 1.08% in the most recent quarter. The Hedge Fund company now holds 31,975 shares of CL which is valued at $2,381,178. Colgate-Palmolive Company makes up approx 1.72% of Murphy Pohlad Asset Management’s portfolio.Abner Herrman Brock reduced its stake in CL by selling 641 shares or 1.97% in the most recent quarter. The Hedge Fund company now holds 31,906 shares of CL which is valued at $2,376,040. Colgate-Palmolive Company makes up approx 0.55% of Abner Herrman Brock’s portfolio.Raymond James Trust N.a. boosted its stake in CL in the latest quarter, The investment management firm added 2,289 additional shares and now holds a total of 20,298 shares of Colgate-Palmolive Company which is valued at $1,507,127. Colgate-Palmolive Company makes up approx 0.13% of Raymond James Trust N.a.’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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