Yacktman Asset Management Lp buys $100,111,712 stake in Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (CL) : Yacktman Asset Management Lp scooped up 4,800 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 1, 2016. The investment management firm now holds a total of 1,351,400 shares of Colgate-Palmolive Company which is valued at $100,111,712.Colgate-Palmolive Company makes up approximately 0.81% of Yacktman Asset Management Lp’s portfolio.

Other Hedge Funds, Including , Cg Asset Management boosted its stake in CL in the latest quarter, The investment management firm added 134 additional shares and now holds a total of 10,134 shares of Colgate-Palmolive Company which is valued at $742,620. Colgate-Palmolive Company makes up approx 0.28% of Cg Asset Management’s portfolio.First Manhattan Co reduced its stake in CL by selling 11,042 shares or 4.39% in the most recent quarter. The Hedge Fund company now holds 240,623 shares of CL which is valued at $17,926,414. Colgate-Palmolive Company makes up approx 0.11% of First Manhattan Co’s portfolio. Fruth Investment Management added CL to its portfolio by purchasing 2,800 company shares during the most recent quarter which is valued at $208,516. Colgate-Palmolive Company makes up approx 0.10% of Fruth Investment Management’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.

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