Confluence Investment Management buys $64,006,563 stake in Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (CL) : Confluence Investment Management scooped up 48,252 additional shares in Colgate-Palmolive Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 873,452 shares of Colgate-Palmolive Company which is valued at $64,006,563.Colgate-Palmolive Company makes up approximately 1.72% of Confluence Investment Management’s portfolio.

Other Hedge Funds, Including , Smith Asset Management Group Lp added CL to its portfolio by purchasing 163,510 company shares during the most recent quarter which is valued at $11,982,013. Colgate-Palmolive Company makes up approx 0.35% of Smith Asset Management Group Lp’s portfolio.Bath Savings Trust Co boosted its stake in CL in the latest quarter, The investment management firm added 275 additional shares and now holds a total of 110,437 shares of Colgate-Palmolive Company which is valued at $8,239,705. Colgate-Palmolive Company makes up approx 2.52% of Bath Savings Trust Co’s portfolio.Bollard Group boosted its stake in CL in the latest quarter, The investment management firm added 220 additional shares and now holds a total of 42,299 shares of Colgate-Palmolive Company which is valued at $3,155,928. Colgate-Palmolive Company makes up approx 0.21% of Bollard Group’s portfolio. V Wealth Managementllc added CL to its portfolio by purchasing 2,784 company shares during the most recent quarter which is valued at $206,350. Colgate-Palmolive Company makes up approx 0.16% of V Wealth Managementllc’s portfolio.Hall Laurie J Trustee boosted its stake in CL in the latest quarter, The investment management firm added 220 additional shares and now holds a total of 5,700 shares of Colgate-Palmolive Company which is valued at $424,479. Colgate-Palmolive Company makes up approx 0.27% of Hall Laurie J Trustee’s portfolio.

Colgate-Palmolive Company opened for trading at $73.12 and hit $74.97 on the upside on Friday, eventually ending the session at $74.43, with a gain of 1.61% or 1.18 points. The heightened volatility saw the trading volume jump to 44,59,782 shares. Company has a market cap of $66,467 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 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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