West Coast Financial buys $2,752,516 stake in Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (CL) : West Coast Financial scooped up 268 additional shares in Colgate-Palmolive Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 37,156 shares of Colgate-Palmolive Company which is valued at $2,752,516.Colgate-Palmolive Company makes up approximately 0.96% of West Coast Financial’s portfolio.

Other Hedge Funds, Including , Carnegie Capital Asset Management boosted its stake in CL in the latest quarter, The investment management firm added 506 additional shares and now holds a total of 30,909 shares of Colgate-Palmolive Company which is valued at $2,289,739. Colgate-Palmolive Company makes up approx 0.32% of Carnegie Capital Asset Management’s portfolio.Evercore Wealth Management reduced its stake in CL by selling 8,302 shares or 10.1% in the most recent quarter. The Hedge Fund company now holds 73,889 shares of CL which is valued at $5,473,697. Colgate-Palmolive Company makes up approx 0.24% of Evercore Wealth Management’s portfolio.Huntington National Bank reduced its stake in CL by selling 79,315 shares or 24.56% in the most recent quarter. The Hedge Fund company now holds 243,577 shares of CL which is valued at $17,849,323. Colgate-Palmolive Company makes up approx 0.43% of Huntington National Bank’s portfolio.Wagner Bowman Management Corp reduced its stake in CL by selling 762 shares or 2.67% in the most recent quarter. The Hedge Fund company now holds 27,785 shares of CL which is valued at $2,036,085. Colgate-Palmolive Company makes up approx 0.78% of Wagner Bowman Management Corp’s portfolio.Charter Trust Co reduced its stake in CL by selling 180 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 370,865 shares of CL which is valued at $27,488,514. Colgate-Palmolive Company makes up approx 3.10% of Charter Trust Co’s portfolio.

Colgate-Palmolive Company closed down -0.15 points or -0.20% at $74.43 with 22,23,383 shares getting traded on Monday. Post opening the session at $74.48, the shares hit an intraday low of $73.94 and an intraday high of $74.51 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 $0.70 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.

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