Colgate-Palmolive Company (CL) : Drexel Morgan scooped up 178 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 15, 2016. The investment management firm now holds a total of 20,855 shares of Colgate-Palmolive Company which is valued at $1,563,499.Colgate-Palmolive Company makes up approximately 1.74% of Drexel Morgan’s portfolio.
Other Hedge Funds, Including , Boothbay Fund Management added CL to its portfolio by purchasing 4,989 company shares during the most recent quarter which is valued at $374,025. Colgate-Palmolive Company makes up approx 0.16% of Boothbay Fund Management’s portfolio.Bank Of The Ozarks reduced its stake in CL by selling 1,415 shares or 9.45% in the most recent quarter. The Hedge Fund company now holds 13,554 shares of CL which is valued at $1,016,143. Colgate-Palmolive Company makes up approx 0.37% of Bank Of The Ozarks’s portfolio. Hallmark Capital Management Inc added CL to its portfolio by purchasing 800 company shares during the most recent quarter which is valued at $59,664. Colgate-Palmolive Company makes up approx 0.01% of Hallmark Capital Management Inc’s portfolio.Nichols Pratt Advisers Llp reduced its stake in CL by selling 140 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 434,699 shares of CL which is valued at $32,419,851. Colgate-Palmolive Company makes up approx 2.88% of Nichols Pratt Advisers Llp’s portfolio.
Colgate-Palmolive Company closed down -0.07 points or -0.09% at $74.27 with 30,16,327 shares getting traded on Thursday. Post opening the session at $74.38, the shares hit an intraday low of $73.87 and an intraday high of $74.43 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.