Charter Trust Company Has Lowered Colgate Palmolive Co (CL) Holding by $12.29 Million as Share Value Declined

August 10, 2018 - By Victoria Pittman

Investors sentiment decreased to 0.69 in Q1 2018. Its down 0.18, from 0.87 in 2017Q4. It dropped, as 71 investors sold CL shares while 487 reduced holdings. 72 funds opened positions while 313 raised stakes. 605.00 million shares or 0.22% less from 606.34 million shares in 2017Q4 were reported. Leavell Invest Mgmt owns 76,820 shares or 0.64% of their US portfolio. Palisade Asset Ltd Llc invested 1.44% in Colgate-Palmolive Company (NYSE:CL). The Michigan-based Ally has invested 0.38% in Colgate-Palmolive Company (NYSE:CL). Monetary Group Incorporated Inc stated it has 0.28% in Colgate-Palmolive Company (NYSE:CL). Aviance Capital Ptnrs Limited Co has 0.06% invested in Colgate-Palmolive Company (NYSE:CL) for 2,800 shares. Guyasuta Investment Advsr holds 2.33% or 277,505 shares. Lodestar Investment Counsel Ltd Liability Com Il reported 0.81% of its portfolio in Colgate-Palmolive Company (NYSE:CL). 9,440 are held by Sigma Planning. Banque Pictet Cie holds 2.89% in Colgate-Palmolive Company (NYSE:CL) or 1.92M shares. American Trust Advisors Ltd Liability Corp holds 0.21% in Colgate-Palmolive Company (NYSE:CL) or 3,711 shares. Cadinha & Ltd Liability Corp reported 14,908 shares. Plante Moran Advsr Ltd holds 0.17% of its portfolio in Colgate-Palmolive Company (NYSE:CL) for 4,241 shares. 26,164 were reported by Northwest Counselors Ltd Co. Lvm Capital Management Mi owns 3,551 shares. 8,058 were reported by Motco.

Since February 9, 2018, it had 0 buys, and 18 insider sales for $18.23 million activity. On Friday, June 15 Marsili Daniel B sold $1.23M worth of Colgate-Palmolive Company (NYSE:CL) or 19,500 shares. The insider MOISON FRANCK J sold 80,000 shares worth $4.94M. Wallace Noel R. sold $321,701 worth of Colgate-Palmolive Company (NYSE:CL) on Tuesday, February 20. Another trade for 5,651 shares valued at $396,561 was made by HICKEY DENNIS J on Tuesday, February 20. On Tuesday, February 20 the insider COOK IAN M sold $1.47M. Deoras Mukul also sold $180,521 worth of Colgate-Palmolive Company (NYSE:CL) on Tuesday, February 20.

Charter Trust Company decreased its stake in Colgate Palmolive Co (CL) by 47.87% based on its latest 2018Q1 regulatory filing with the SEC. Charter Trust Company sold 173,118 shares as the company’s stock declined 10.30% with the market. The institutional investor held 188,536 shares of the package goods and cosmetics company at the end of 2018Q1, valued at $13.52 million, down from 361,654 at the end of the previous reported quarter. Charter Trust Company who had been investing in Colgate Palmolive Co for a number of months, seems to be less bullish one the $56.79 billion market cap company. The stock decreased 0.74% or $0.49 during the last trading session, reaching $65.44. About 731,884 shares traded. Colgate-Palmolive Company (NYSE:CL) has declined 15.42% since August 10, 2017 and is downtrending. It has underperformed by 27.99% the S&P500.

Analysts await Colgate-Palmolive Company (NYSE:CL) to report earnings on October, 26. They expect $0.73 EPS, 0.00 % or $0.00 from last year’s $0.73 per share. CL’s profit will be $633.45 million for 22.41 P/E if the $0.73 EPS becomes a reality. After $0.77 actual EPS reported by Colgate-Palmolive Company for the previous quarter, Wall Street now forecasts -5.19 % negative EPS growth.

More news for Colgate-Palmolive Company (NYSE:CL) were recently published by: Seekingalpha.com, which released: “Dividend Champion Spotlight: Colgate-Palmolive Co.” on July 24, 2018. Nasdaq.com‘s article titled: “Market Trends Toward New Normal in ING Group, NV, Altaba, Steel Dynamics, The TJX Companies, Colgate …” and published on August 09, 2018 is yet another important article.

Colgate-Palmolive Company (NYSE:CL) Ratings Coverage

Among 8 analysts covering Colgate-Palmolive (NYSE:CL), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Colgate-Palmolive had 12 analyst reports since March 15, 2018 according to SRatingsIntel. The stock of Colgate-Palmolive Company (NYSE:CL) earned “Neutral” rating by Citigroup on Tuesday, July 31. Stifel Nicolaus maintained Colgate-Palmolive Company (NYSE:CL) rating on Tuesday, April 17. Stifel Nicolaus has “Hold” rating and $7500 target. On Thursday, June 21 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. Argus Research upgraded Colgate-Palmolive Company (NYSE:CL) on Friday, May 25 to “Buy” rating. The firm has “Neutral” rating given on Monday, July 30 by Macquarie Research. As per Monday, April 30, the company rating was downgraded by Morgan Stanley. Stifel Nicolaus maintained the shares of CL in report on Monday, July 23 with “Hold” rating. Citigroup maintained Colgate-Palmolive Company (NYSE:CL) rating on Tuesday, May 1. Citigroup has “Neutral” rating and $73 target. The rating was upgraded by UBS on Thursday, July 19 to “Buy”. Morgan Stanley maintained it with “Overweight” rating and $80 target in Friday, April 20 report.

Colgate-Palmolive Company (NYSE:CL) Institutional Positions Chart

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