Newfocus Financial Group buys $2,634,078 stake in Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (CL) : Newfocus Financial Group scooped up 244 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 9, 2016. The investment management firm now holds a total of 35,390 shares of Colgate-Palmolive Company which is valued at $2,634,078.Colgate-Palmolive Company makes up approximately 1.87% of Newfocus Financial Group’s portfolio.

Other Hedge Funds, Including , Central Trust Co reduced its stake in CL by selling 25 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 26,863 shares of CL which is valued at $2,011,770. Colgate-Palmolive Company makes up approx 0.15% of Central Trust Co’s portfolio.Lincoln Capital reduced its stake in CL by selling 85 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 10,930 shares of CL which is valued at $809,694. Colgate-Palmolive Company makes up approx 0.60% of Lincoln Capital’s portfolio. Moisand Fitzgerald Tamayo sold out all of its stake in CL during the most recent quarter. The investment firm sold 45 shares of CL which is valued $3,334.Investors Capital Advisory Services reduced its stake in CL by selling 391 shares or 5.54% in the most recent quarter. The Hedge Fund company now holds 6,667 shares of CL which is valued at $493,891. Colgate-Palmolive Company makes up approx 0.09% of Investors Capital Advisory Services’s portfolio.

Colgate-Palmolive Company opened for trading at $74.39 and hit $74.65 on the upside on Wednesday, eventually ending the session at $74.58, with a gain of 0.35% or 0.26 points. The heightened volatility saw the trading volume jump to 19,77,912 shares. Company has a market cap of $66,488 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.

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