Colgate Palmolive Co (CL) Shareholder Banque Pictet & Cie Sa Has Boosted Its Position by $12.42 Million as Market Value Rose

March 19, 2018 - By Marguerite Chambers

Investors sentiment is 0.9 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 52 investors sold CL shares while 437 reduced holdings. only 92 funds opened positions while 350 raised stakes. 617.24 million shares or 0.04% less from 617.46 million shares in 2017Q2 were reported. Buckingham Cap Inc holds 0.56% in Colgate-Palmolive Company (NYSE:CL) or 34,557 shares. Ngam Ltd Partnership owns 122,562 shares or 0.09% of their US portfolio. Prudential Pcl accumulated 663,238 shares or 0.15% of the stock. Garrison Financial owns 5,537 shares or 0.23% of their US portfolio. Marble Harbor Counsel Ltd Co holds 0.26% or 17,822 shares. Hayek Kallen reported 0.67% stake. Psagot Investment House Limited holds 2,933 shares or 0.01% of its portfolio. Sun Life Fincl holds 14,271 shares or 0.1% of its portfolio. Pension Service, Korea-based fund reported 680,347 shares. Wells Fargo Mn has invested 0.2% in Colgate-Palmolive Company (NYSE:CL). Susquehanna Interest Gp Llp invested in 0.01% or 434,167 shares. Northwestern Mutual Wealth Mngmt reported 0.02% of its portfolio in Colgate-Palmolive Company (NYSE:CL). Ftb Advisors holds 0.08% of its portfolio in Colgate-Palmolive Company (NYSE:CL) for 10,248 shares. Sarasin Prtn Llp owns 2.52 million shares or 3.71% of their US portfolio. Broderick Brian C, a Massachusetts-based fund reported 9,744 shares.

Since December 13, 2017, it had 0 buys, and 19 sales for $31.54 million activity. Another trade for 2,572 shares valued at $180,521 was sold by Deoras Mukul. On Tuesday, February 20 Skala Justin sold $292,026 worth of Colgate-Palmolive Company (NYSE:CL) or 4,161 shares. $3.10M worth of stock was sold by MOISON FRANCK J on Friday, February 9. HUSTON JOHN J sold $106,939 worth of Colgate-Palmolive Company (NYSE:CL) on Tuesday, February 20. Another trade for 36,215 shares valued at $2.58M was sold by JAKOBSEN HENNING I. Marsili Daniel B had sold 5,692 shares worth $399,530 on Tuesday, February 20.

Banque Pictet & Cie Sa increased its stake in Colgate Palmolive Co (CL) by 13.17% based on its latest 2017Q3 regulatory filing with the SEC. Banque Pictet & Cie Sa bought 172,500 shares as the company’s stock rose 3.95% with the market. The institutional investor held 1.48 million shares of the package goods and cosmetics company at the end of 2017Q3, valued at $108.01M, up from 1.31M at the end of the previous reported quarter. Banque Pictet & Cie Sa who had been investing in Colgate Palmolive Co for a number of months, seems to be bullish on the $61.33 billion market cap company. The stock increased 0.63% or $0.44 during the last trading session, reaching $70.06. About 3.59M shares traded. Colgate-Palmolive Company (NYSE:CL) has risen 6.23% since March 19, 2017 and is uptrending. It has underperformed by 10.47% the S&P500.

Banque Pictet & Cie Sa, which manages about $4.42B US Long portfolio, decreased its stake in Danaher Corp Del (NYSE:DHR) by 174,684 shares to 448,936 shares, valued at $38.51M in 2017Q3, according to the filing. It also reduced its holding in Borgwarner Inc (NYSE:BWA) by 249,185 shares in the quarter, leaving it with 70,742 shares, and cut its stake in Occidental Pete Corp Del (NYSE:OXY).

Colgate-Palmolive Company (NYSE:CL) Ratings Coverage

Among 25 analysts covering Colgate-Palmolive (NYSE:CL), 6 have Buy rating, 1 Sell and 18 Hold. Therefore 24% are positive. Colgate-Palmolive had 66 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs upgraded the stock to “Neutral” rating in Monday, May 2 report. The stock of Colgate-Palmolive Company (NYSE:CL) earned “Hold” rating by Jefferies on Friday, July 21. Wells Fargo reinitiated the stock with “Market Perform” rating in Tuesday, November 15 report. The firm has “Hold” rating by Stifel Nicolaus given on Friday, October 27. RBC Capital Markets maintained Colgate-Palmolive Company (NYSE:CL) rating on Friday, November 10. RBC Capital Markets has “Hold” rating and $74.0 target. Jefferies maintained Colgate-Palmolive Company (NYSE:CL) rating on Monday, October 30. Jefferies has “Hold” rating and $76 target. Jefferies maintained the shares of CL in report on Thursday, July 6 with “Hold” rating. The rating was maintained by RBC Capital Markets on Friday, March 24 with “Hold”. The firm has “Outperform” rating by BNP Paribas given on Friday, January 15. UBS maintained the shares of CL in report on Friday, October 28 with “Neutral” rating.

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