As Colgate (CL) Stock Price Declined, Troy Asset Management LTD Cut Position by $468,529; Elkhorn Partners Limited Partnership Has Cut Its Holding in Kkr & Co LP (KKR) by $440,000

June 14, 2018 - By Marie Mckinney

KKR & Co. L.P. (NYSE:KKR) Logo

Troy Asset Management Ltd decreased its stake in Colgate (CL) by 0.46% based on its latest 2018Q1 regulatory filing with the SEC. Troy Asset Management Ltd sold 6,599 shares as the company’s stock declined 10.30% with the market. The institutional investor held 1.44 million shares of the package goods and cosmetics company at the end of 2018Q1, valued at $103.31 million, down from 1.45 million at the end of the previous reported quarter. Troy Asset Management Ltd who had been investing in Colgate for a number of months, seems to be less bullish one the $55.24B market cap company. The stock increased 0.43% or $0.27 during the last trading session, reaching $63.33. About 2.65 million shares traded. Colgate-Palmolive Company (NYSE:CL) has declined 15.42% since June 14, 2017 and is downtrending. It has underperformed by 27.99% the S&P500. Some Historical CL News: 27/04/2018 – COLGATE-PALMOLIVE CO – PLANNING FOR A YEAR OF GROSS MARGIN EXPANSION AND EXPECT DOUBLE-DIGIT EARNINGS PER SHARE GROWTH IN 2018; 02/05/2018 – NJ Biz: Colgate-Palmolive campus set for redevelopment; 27/04/2018 – Colgate’s quarterly sales rise 6.4 percent; 21/05/2018 – COLGATE-PALMOLIVE (INDIA) LTD COLG.NS – DECLARED INTERIM DIVIDEND OF 11 RUPEES PER SHARE; 27/04/2018 – COLGATE-PALMOLIVE – CONTINUE TO PLAN FOR INCREASED ADVERTISING INVESTMENT FOR FULL YEAR IN SUPPORT OF NEW PRODUCTS; 21/05/2018 – COLGATE-PALMOLIVE (INDIA) LTD COLG.NS – CONSENSUS FORECAST FOR MARCH QTR PROFIT WAS 1.84 BLN RUPEES; 19/03/2018 – COLGATE CONTINUES TO RECOMMEND HOLDERS REJECT “MINI-TENDER”; 19/04/2018 – Colgate-Palmolive Volume Jumps More Than Five Times Average; 21/05/2018 – COLGATE-PALMOLIVE (INDIA) LTD COLG.NS – MARCH QTR NET PROFIT 1.89 BLN RUPEES VS PROFIT OF 1.43 BLN RUPEES LAST YEAR; 04/05/2018 – COLGATE NAMES HENNING JAKOBSEN AS CFO, DENNIS HICKEY AS VICE

Alan S. Parsow decreased its stake in Kkr & Co Lp (KKR) by 20.18% based on its latest 2018Q1 regulatory filing with the SEC. Elkhorn Partners Limited Partnership sold 22,000 shares as the company’s stock rose 1.81% while stock markets declined. The hedge fund run by Alan S. Parsow held 87,000 shares of the investment managers company at the end of 2018Q1, valued at $1.77 million, down from 109,000 at the end of the previous reported quarter. Elkhorn Partners Limited Partnership who had been investing in Kkr & Co Lp for a number of months, seems to be less bullish one the $19.57B market cap company. The stock decreased 0.28% or $0.065 during the last trading session, reaching $23.565. About 938,452 shares traded. KKR & Co. L.P. (NYSE:KKR) has risen 20.56% since June 14, 2017 and is uptrending. It has outperformed by 7.99% the S&P500. Some Historical KKR News: 25/04/2018 – KKR Says Insurers Piled $90 Billion in Alternatives Since 2014; 30/04/2018 – KKR Non-Deal Roadshow Scheduled By KBW for May. 7-8; 03/05/2018 – KKR restructures to make most of Trump tax boost; 15/05/2018 – JBF INDUSTRIES – JBF GROUP ENTERED INTO ARRANGEMENT WITH KKR FOR RESTRUCTURING OF EQUITY HOLDING, MANAGEMENT STRUCTURE OF JBF GLOBAL PTE (SINGAPORE); 18/05/2018 – Sageworks, one of the country’s first Fintech companies, is acquired by Accel-KKR; 14/03/2018 – KKR aims to raise $280 mln in first yen-bond sale; 17/05/2018 – RALPH ROSENBERG, HEAD OF REAL ESTATE FOR KKR, SPEAKS ON BTV; 03/05/2018 – KKR & Co. 1Q Net $170.1M; 17/04/2018 – GE’S JENBACHER UNIT SAID TO ALSO ATTRACT EQT AND KKR; 24/05/2018 – KKR-Backed Focus Financial Partners Files U.S. Public Offering

More news for Colgate-Palmolive Company (NYSE:CL) were recently published by: Seekingalpha.com, which released: “Colgate-Palmolive Offers An Attractive Entry Point” on May 30, 2018. Seekingalpha.com‘s article titled: “Cisco Is A High Quality Stock – Cramer’s Lightning Round (6/8/18)” and published on June 11, 2018 is yet another important article.

Analysts await Colgate-Palmolive Company (NYSE:CL) to report earnings on July, 20. They expect $0.79 EPS, up 9.72% or $0.07 from last year’s $0.72 per share. CL’s profit will be $689.13M for 20.04 P/E if the $0.79 EPS becomes a reality. After $0.74 actual EPS reported by Colgate-Palmolive Company for the previous quarter, Wall Street now forecasts 6.76% EPS growth.

Investors sentiment decreased to 0.69 in Q1 2018. Its down 0.18, from 0.87 in 2017Q4. It is negative, 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. New York-based Stelac Advisory Serv Ltd Liability Com has invested 0.1% in Colgate-Palmolive Company (NYSE:CL). Lincoln Capital Ltd Liability Co holds 0.43% or 11,134 shares in its portfolio. Clifford Swan Inv Counsel Limited Liability Com holds 1.29% or 317,768 shares in its portfolio. 190,306 are owned by Advsr Asset Mgmt. Plancorp Ltd Liability Corp reported 14,910 shares. Louisiana State Employees Retirement Sys invested 0.18% in Colgate-Palmolive Company (NYSE:CL). Pinebridge Invs LP holds 0% or 1,193 shares in its portfolio. Johnson Invest Counsel holds 0.04% or 22,804 shares. Barclays Pcl accumulated 1.50M shares or 0.08% of the stock. Caprock Group Inc owns 4,199 shares. Maryland Capital Management invested in 5,177 shares or 0.05% of the stock. Moreover, Howland Mgmt has 1.06% invested in Colgate-Palmolive Company (NYSE:CL) for 184,166 shares. Jag Cap Ltd Co has 28,428 shares. Paradigm Capital Mgmt Inc reported 0.52% stake. Legacy Cap Prtn stated it has 52,206 shares or 1.88% of all its holdings.

Among 27 analysts covering Colgate-Palmolive (NYSE:CL), 6 have Buy rating, 1 Sell and 20 Hold. Therefore 22% are positive. Colgate-Palmolive had 72 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Colgate-Palmolive Company (NYSE:CL) earned “Buy” rating by Citigroup on Friday, July 29. Barclays Capital maintained it with “Equal-Weight” rating and $70 target in Monday, March 21 report. The firm earned “Hold” rating on Monday, October 16 by KeyBanc Capital Markets. On Friday, September 9 the stock rating was initiated by KeyBanc Capital Markets with “Sector Weight”. The stock has “Neutral” rating by BNP Paribas on Friday, July 29. Jefferies maintained the shares of CL in report on Tuesday, August 22 with “Hold” rating. Goldman Sachs upgraded the shares of CL in report on Monday, May 2 to “Neutral” rating. On Friday, September 4 the stock rating was upgraded by Zacks to “Hold”. The firm earned “Hold” rating on Monday, September 18 by Stifel Nicolaus. The firm has “Buy” rating by SunTrust given on Wednesday, October 11.

Since January 9, 2018, it had 0 buys, and 24 selling transactions for $42.83 million activity. Marsili Daniel B sold 5,692 shares worth $399,530. Daniels Jennifer sold $68,390 worth of stock or 902 shares. Wallace Noel R. had sold 46,009 shares worth $2.85M on Monday, May 14. On Friday, February 9 HUSTON JOHN J sold $972,125 worth of Colgate-Palmolive Company (NYSE:CL) or 14,000 shares. Deoras Mukul sold $180,521 worth of Colgate-Palmolive Company (NYSE:CL) on Tuesday, February 20. Gayle Helene D sold $435,600 worth of stock.

Troy Asset Management Ltd, which manages about $2.17 billion US Long portfolio, upped its stake in Hershey Co/The (NYSE:HSY) by 19,700 shares to 808,610 shares, valued at $80.02 million in 2018Q1, according to the filing. It also increased its holding in Medtronic Inc (NYSE:MDT) by 13,628 shares in the quarter, for a total of 269,360 shares, and has risen its stake in Procter & Gamble (NYSE:PG).

Investors sentiment increased to 1.16 in Q1 2018. Its up 0.09, from 1.07 in 2017Q4. It improved, as 26 investors sold KKR shares while 78 reduced holdings. 34 funds opened positions while 87 raised stakes. 319.42 million shares or 3.55% more from 308.46 million shares in 2017Q4 were reported. Cannell Peter B And invested 1.25% of its portfolio in KKR & Co. L.P. (NYSE:KKR). Parallax Volatility Advisers Limited Partnership reported 0% of its portfolio in KKR & Co. L.P. (NYSE:KKR). Tower Rech Capital Limited Liability Corp (Trc) has invested 0.06% in KKR & Co. L.P. (NYSE:KKR). Mycio Wealth Prns Ltd Liability holds 13,280 shares or 0.03% of its portfolio. Gmt Capital Corp stated it has 210,700 shares. Putnam Invests Limited Company holds 7.75M shares. Lee Danner And Bass Incorporated holds 24,000 shares or 0.05% of its portfolio. Gru One Trading Limited Partnership holds 0.05% or 240,915 shares. Moreover, Clinton Gp has 0.03% invested in KKR & Co. L.P. (NYSE:KKR) for 15,746 shares. Regent Invest Ltd Co reported 0.08% stake. Franklin Street Advsr Nc reported 17,375 shares. Moreover, Grand Jean Cap has 1.07% invested in KKR & Co. L.P. (NYSE:KKR) for 139,855 shares. Palisade Limited Liability Corporation Nj has invested 0.08% in KKR & Co. L.P. (NYSE:KKR). Covey Capital Limited Liability invested in 203,503 shares or 5.67% of the stock. Robeco Institutional Asset Mgmt Bv holds 0.09% or 1.00 million shares.

Analysts await KKR & Co. L.P. (NYSE:KKR) to report earnings on July, 26. They expect $0.58 EPS, down 34.83% or $0.31 from last year’s $0.89 per share. KKR’s profit will be $481.72M for 10.16 P/E if the $0.58 EPS becomes a reality. After $0.42 actual EPS reported by KKR & Co. L.P. for the previous quarter, Wall Street now forecasts 38.10% EPS growth.

Among 14 analysts covering Kohlberg Kravis Roberts & Co. (NYSE:KKR), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Kohlberg Kravis Roberts & Co. had 61 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods on Wednesday, January 10 with “Buy”. Morgan Stanley maintained it with “Equal-Weight” rating and $21 target in Thursday, October 5 report. The stock of KKR & Co. L.P. (NYSE:KKR) earned “Outperform” rating by Credit Suisse on Friday, May 4. Oppenheimer maintained the shares of KKR in report on Friday, July 14 with “Outperform” rating. The stock of KKR & Co. L.P. (NYSE:KKR) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, April 26. Goldman Sachs upgraded KKR & Co. L.P. (NYSE:KKR) rating on Tuesday, January 9. Goldman Sachs has “Buy” rating and $29.0 target. Jefferies maintained KKR & Co. L.P. (NYSE:KKR) on Friday, July 7 with “Buy” rating. Goldman Sachs initiated the shares of KKR in report on Tuesday, August 11 with “Neutral” rating. The firm has “Outperform” rating given on Wednesday, October 28 by Oppenheimer. Goldman Sachs upgraded the shares of KKR in report on Monday, October 16 to “Buy” rating.

Since February 9, 2018, it had 1 buying transaction, and 0 selling transactions for $10.52 million activity.

KKR & Co. L.P. (NYSE:KKR) Institutional Positions Chart

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