Bessemer Group Inc. Cuts Stake in Colgate-Palmolive Company (CL)

Marco Green
September 16, 2017

The institutional investor held 178,180 shares of the package goods and cosmetics company at the end of 2016Q4, valued at $11.66M, down from 186,317 at the end of the previous reported quarter. Colgate-Palmolive has a 12 month low of $63.43 and a 12 month high of $77.27. The stock decreased 0.77% or $0.22 on September 14, reaching $28. Following the sale, the insider now owns 37,463 shares in the company, valued at approximately $2,501,779.14.

As regular trading ended, Colgate-Palmolive Company (CL) stock brought in a $0.49 rise to $72.14. It has underperformed by 2.90% the S&P500. Morgan Stanley now owns 4,726,220 shares of the company's stock valued at $350,403,000 after buying an additional 323,103 shares during the period. The Stratos Wealth Partners Ltd holds 23,109 shares with $1.51M value, up from 16,771 last quarter. Archon Capital Management Llc who had been investing in Blue Nile Inc for a number of months, seems to be less bullish one the $ market cap company. The lower end of the projection is $0.71 per share, while the higher end is $0.75 per share. Danaos Corporation (NYSE:DAC) has declined 58.47% since September 14, 2016 and is downtrending. It has underperformed by 10.47% the S&P500.

Investors sentiment increased to 0.9 in 2016 Q4. Its up 0.08, from 0.82 in 2016Q3. It dropped, as 53 investors sold CL shares while 472 reduced holdings. The company reported $0.75 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.75. $1.06M worth of Colgate-Palmolive Company (NYSE:CL) shares were sold by Marsili Daniel B. The firm has "Hold" rating by S&P Research given on Monday, November 2. Arrowstreet Capital Limited Partnership increased its holdings in shares of Colgate-Palmolive by 25.3% during the second quarter. Dolan Victoria L also sold $2.44M worth of Colgate-Palmolive Company (NYSE:CL) shares. Partnervest Advisory Svcs Limited Co accumulated 6,469 shares. Thompson Rubinstein Investment Or reported 61,631 shares. Somerset Tru holds 0.67% or 17,254 shares. Also, Director Stephen I. Sadove sold 8,000 shares of the company's stock in a transaction that occurred on Friday, February 3rd. Morgan Stanley stated it has 0.1% in Colgate-Palmolive Company (NYSE:CL). Cornerstone Financial Partners LLC grew its stake in shares of Colgate-Palmolive by 0.5% during the 2nd quarter. Glg Limited Liability Com reported 0.13% stake. Sawgrass Asset Ltd Liability Com holds 16,240 shares or 0.05% of its portfolio. Therefore 14% are positive. Wells Fargo & Company reaffirmed a market perform rating on shares of Colgate-Palmolive in a research note on Monday, July 24th. Ubs Oconnor Limited Liability Company invested 0% in Intercontinental Exchange Inc (NYSE:ICE). As per Tuesday, July 21, the company rating was initiated by Sterne Agee CRT. Colgate-Palmolive Company (NYSE:CL) has risen 6.23% since September 14, 2016 and is uptrending. Citigroup maintained it with "Buy" rating and $82 target in Thursday, April 14 report. Peoples Services owns 0.53% invested in Colgate-Palmolive Company (NYSE:CL) for 11,760 shares. The company was maintained on Wednesday, April 19 by Jefferies.

Market capitalization is the total market value of all of a company's outstanding shares. The firm earned "Buy" rating on Monday, September 12 by Bank of America. The stock of Colgate-Palmolive Company (NYSE:CL) earned "Hold" rating by Zacks on Wednesday, August 5. The correct version of this news story can be accessed at https://weekherald.com/2017/09/15/colgate-palmolive-company-cl-now-covered-by-analysts-at-macquarie.html. They expect $0.73 EPS, 0.00% or $0.00 from last year's $0.73 per share. CL's profit will be $644.25 million for 24.75 P/E if the $0.73 EPS becomes a reality. Clarivest Asset Mngmt reported 0.01% stake.

Since March 15, 2017, it had 0 insider purchases, and 6 sales for $5.64 million activity. The fund owned 1,995,197 shares of the company's stock after selling 277,494 shares during the period. Another trade for 3,833 shares valued at $273,446 was made by Verduin Patricia on Monday, May 15. KOGAN RICHARD J sold $575,350 worth of stock. It also reduced its holding in Tjx Cos Inc New (NYSE:TJX) by 1.29 million shares in the quarter, leaving it with 332,666 shares, and cut its stake in Varian Med Sys Inc (NYSE:VAR).

WARNING: This news story was originally published by Week Herald and is owned by of Week Herald. DAC's SI was 346,200 shares in September as released by FINRA. Its up 0.08, from 0.82 in 2016Q3. Ci Invs Inc reported 107,700 shares stake. Wade G W Incorporated invested in 0.97% or 90,533 shares. The California-based Philadelphia Financial Management Of San Francisco Llc has invested 4.65% in the stock. Private Advisor Gp Ltd Liability stated it has 0.13% in Colgate-Palmolive Company (NYSE:CL). Finemark Bank & Trust Trust reported 29,631 shares or 0.16% of all its holdings. 295 were accumulated by Massmutual Trust Fsb Adv. Natixis, France-based fund reported 46,379 shares.

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