Colgate-Palmolive Company (CL) : Boston Private Wealth reduced its stake in Colgate-Palmolive Company by 11.69% during the most recent quarter end. The investment management company now holds a total of 222,963 shares of Colgate-Palmolive Company which is valued at $16,517,099 after selling 29,513 shares in Colgate-Palmolive Company , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Colgate-Palmolive Company makes up approximately 0.65% of Boston Private Wealth’s portfolio.
Other Hedge Funds, Including , 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.Family Capital Trust Co reduced its stake in CL by selling 395 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 63,110 shares of CL which is valued at $4,697,277. Colgate-Palmolive Company makes up approx 2.70% of Family Capital Trust Co’s portfolio.Harding Loevner Lp reduced its stake in CL by selling 20,268 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 2,687,313 shares of CL which is valued at $200,204,819. Colgate-Palmolive Company makes up approx 1.50% of Harding Loevner Lp’s portfolio.
Colgate-Palmolive Company opened for trading at $74.21 and hit $75.06 on the upside on Thursday, eventually ending the session at $74.78, with a gain of 0.94% or 0.7 points. The heightened volatility saw the trading volume jump to 30,26,978 shares. Company has a market cap of $66,666 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.
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.