Colgate-Palmolive Company Stocks Sinks on Q4 Earnings

Todd Singleton
January 29, 2018

Trexquant Investment Lp who had been investing in Epizyme Inc for a number of months, seems to be bullish on the $1.15B market cap company. Insiders have sold 181,950 shares of company stock valued at $13,237,385 over the last 90 days. About 3.50M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since January 26, 2017 and is downtrending. It has underperformed by 8.52% the S&P500. Dorsey & Whitney Trust CO LLC grew its position in Colgate-Palmolive by 0.6% during the second quarter. Cannell Peter B & Company Inc sold 6,633 shares as the company's stock rose 3.95% with the market. The company reported $0.75 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.75. CL has diverse figures for different time frames; starting from week's performance it presents bullish trend of 0.89% in last five regular trading sessions. About 13.16M shares traded or 287.70% up from the average.

Colgate-Palmolive Co. reported lower-than-expected quarterly sales on Friday along with a drop in profit for a charge related to the new US tax law, driving shares of the world's largest toothpaste maker 4 percent lower. It has underperformed by 10.47% the S&P500.

Investors sentiment increased to 2.61 in Q3 2017. The unit, which accounts for a fifth of total group sales, saw net sales increase just 1 per cent during the quarter. It improved, as 33 investors sold SPLK shares while 81 reduced holdings. Hartford Invest Management stated it has 39,409 shares or 0.07% of all its holdings. (NYSE:FDS) for 123 shares. (NYSE:CTLT). Franklin Resources Incorporated, California-based fund reported 3.40M shares. (NYSE:CTLT) for 569,737 shares. Dimensional Fund Advisors Ltd Partnership holds 0.06% or 23.19 million shares in its portfolio. Harbour Inv Mgmt Limited Liability reported 17,480 shares. (NASDAQ:SPLK). Benjamin F Edwards Communications holds 18,640 shares or 0.15% of its portfolio. Jones Financial Lllp accumulated 0% or 7,172 shares. Asset Mgmt One Com Ltd reported 0% in Catalent, Inc. Pnc Fincl stated it has 0% in WABCO Holdings Inc. (NYSE:CTLT) for 75,800 shares.

Ci Global Investments Inc. holds 5.45% of its portfolio in The Middleby Corporation for 2.12 million shares. Sei Invests stated it has 0.01% of its portfolio in Catalent, Inc. (NYSE:FDS) for 1,316 shares. Following the completion of the transaction, the chief marketing officer now directly owns 45,217 shares in the company, valued at $3,313,501.76.

Among 19 analysts covering FactSet Research Systems Inc. Out of 3 Wall Street analysts rating Middleby, 1 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". Therefore 80% are positive.

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Several brokerages recently issued reports on CL. The company was maintained on Wednesday, December 20 by UBS. The ex-dividend date of this dividend is Monday, January 22nd. The firm has "Buy" rating given on Wednesday, October 11 by SunTrust. Stifel Nicolaus upgraded Centene Corporation (NYSE:CNC) on Thursday, May 26 to "Buy" rating. The stock has "Outperform" rating by Oppenheimer on Tuesday, January 12. The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. (NYSE:FDS) was sold by Snow Frederick Philip. (NYSE:CTLT). Norris Perne And French Llp Mi has invested 1.35% of its portfolio in Catalent, Inc. Therefore 24% are positive.

Sales rose 4.5 per cent to $3.9 billion in the fourth quarter ended December 31, but analysts on average had expected sales of $3.92 billion, according to Thomson Reuters I/B/E/S.

A number of brokerages recently commented on CL. Jefferies Group reaffirmed a "hold" rating and set a $79.00 price objective on shares of Colgate-Palmolive in a research report on Friday. The company now has a consensus rating of "Hold" and a consensus target price of $77.17. The stock of General Electric Company (NYSE:GE) earned "Outperform" rating by Credit Suisse on Monday, November 23. Jefferies maintained the shares of CL in report on Friday, July 21 with "Hold" rating. Vanguard Group Inc. now owns 67,875,384 shares of the company's stock valued at $5,031,602,000 after purchasing an additional 1,621,392 shares in the last quarter. Societe Generale downgraded it to "Sell" rating and $66 target in Wednesday, November 29 report. The firm has "Equal-Weight" rating by Barclays Capital given on Monday, March 21.

Since August 1, 2017, it had 0 insider purchases, and 8 selling transactions for $11.05 million activity. Marsili Daniel B sold $1.00M worth of stock. Levin Capital Strategies LP reported 0% of its portfolio in Colgate-Palmolive Company (NYSE:CL). 5,057 shares were sold by HANCOCK ELLEN M, worth $363,664 on Tuesday, August 1. Verduin Patricia sold $273,868 worth of stock.

Investors sentiment is 0.9 in 2017 Q3. Its the same as in 2017Q2. Zacks Inv Management has 0.28% invested in Colgate-Palmolive Company (NYSE:CL). State Bank Of America Corporation De, a North Carolina-based fund reported 7.48M shares. Atria Lc accumulated 5,625 shares. First Corp In reported 4,577 shares. Community & Investment has invested 0.04% in Colgate-Palmolive Company (NYSE:CL). Ls Advisors reported 0.32% stake.

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