Procurement News Notice |
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| PNN | 3880 |
| Work Detail | Colgate-Palmolive Company (CL) : Comerica Bank reduced its stake in Colgate-Palmolive Company by 2.04% during the most recent quarter end. The investment management company now holds a total of 508,198 shares of Colgate-Palmolive Company which is valued at $38,099,604 after selling 10,586 shares in Colgate-Palmolive Company , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Colgate-Palmolive Company makes up approximately 0.33% of Comerica Bank’s portfolio. Other Hedge Funds, Including , Canada Pension Plan Investment Board boosted its stake in CL in the latest quarter, The investment management firm added 963,376 additional shares and now holds a total of 1,231,886 shares of Colgate-Palmolive Company which is valued at $92,354,493. Colgate-Palmolive Company makes up approx 0.35% of Canada Pension Plan Investment Board’s portfolio.Btim Corp. boosted its stake in CL in the latest quarter, The investment management firm added 6,065 additional shares and now holds a total of 572,648 shares of Colgate-Palmolive Company which is valued at $42,622,191. Colgate-Palmolive Company makes up approx 0.70% of Btim Corp.’s portfolio.Rock Point Advisors reduced its stake in CL by selling 123 shares or 3.69% in the most recent quarter. The Hedge Fund company now holds 3,211 shares of CL which is valued at $238,995. Colgate-Palmolive Company makes up approx 0.12% of Rock Point Advisors’s portfolio. Colgate-Palmolive Company opened for trading at $74.48 and hit $74.84 on the upside on Tuesday, eventually ending the session at $74.54, with a gain of 0.05% or 0.04 points. The heightened volatility saw the trading volume jump to 14,60,644 shares. Company has a market cap of $66,452 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. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 03 Sep 2016 |
| Source | http://www.themarketdigest.org/201608/comerica-bank-lowers-stake-in-colgate-palmolive-company-cl/3144662/ |
