Colgate Palmolive Co (CL) Position Boosted by Public Sector Pension Investment Board; Biglari Hldgs (BH) Holding Has Upped by Biglari Capital Corp

May 18, 2018 - By Winifred Garcia

Biglari Holdings Inc. (NYSE:BH) Logo

Public Sector Pension Investment Board increased its stake in Colgate Palmolive Co (CL) by 155.38% based on its latest 2017Q4 regulatory filing with the SEC. Public Sector Pension Investment Board bought 155,384 shares as the company’s stock declined 7.81% with the market. The institutional investor held 255,384 shares of the package goods and cosmetics company at the end of 2017Q4, valued at $19.27 million, up from 100,000 at the end of the previous reported quarter. Public Sector Pension Investment Board who had been investing in Colgate Palmolive Co for a number of months, seems to be bullish on the $54.34 billion market cap company. The stock increased 0.32% or $0.2 during the last trading session, reaching $62.29. About 4.08M shares traded. Colgate-Palmolive Company (NYSE:CL) has declined 5.65% since May 18, 2017 and is downtrending. It has underperformed by 17.20% the S&P500.

Biglari Capital Corp increased its stake in Biglari Hldgs Inc (BH) by 2.54% based on its latest 2017Q4 regulatory filing with the SEC. Biglari Capital Corp bought 26,679 shares as the company’s stock declined 2.78% with the market. The hedge fund held 1.08 million shares of the restaurants company at the end of 2017Q4, valued at $446.58M, up from 1.05M at the end of the previous reported quarter. Biglari Capital Corp who had been investing in Biglari Hldgs Inc for a number of months, seems to be bullish on the $638.05M market cap company. The stock increased 4.36% or $8.65 during the last trading session, reaching $207.01. About 8,514 shares traded or 109.81% up from the average. Biglari Holdings Inc. (NYSE:BH) has declined 1.05% since May 18, 2017 and is downtrending. It has underperformed by 12.60% the S&P500.

Investors sentiment decreased to 0.87 in 2017 Q4. Its down 0.03, from 0.9 in 2017Q3. It turned negative, as 56 investors sold CL shares while 444 reduced holdings. 98 funds opened positions while 335 raised stakes. 606.34 million shares or 1.77% less from 617.24 million shares in 2017Q3 were reported. Wallace Capital Mngmt has invested 0.23% in Colgate-Palmolive Company (NYSE:CL). Cetera Advisor Networks Ltd Liability Co has 19,533 shares for 0.06% of their portfolio. British Columbia Investment Management has 535,254 shares. Focused Wealth Mgmt Inc reported 0.16% stake. Daiwa Securities Grp holds 0.02% or 35,297 shares in its portfolio. Highbridge Capital Mngmt Limited Liability Com reported 342,968 shares or 0.46% of all its holdings. Whittier Company accumulated 97,910 shares or 0.26% of the stock. Moreover, Berkshire Asset Management Limited Liability Corporation Pa has 0.02% invested in Colgate-Palmolive Company (NYSE:CL). Davide Leone & Prtn Invest Limited Liability Partnership holds 2.75% of its portfolio in Colgate-Palmolive Company (NYSE:CL) for 565,789 shares. 1.41 million were reported by Hsbc Holdings Public Llc. Tokio Marine Asset holds 17,771 shares. Flossbach Von Storch Ag holds 513,675 shares. Ohio-based Farmers Trust has invested 0.07% in Colgate-Palmolive Company (NYSE:CL). Winslow Evans & Crocker Inc holds 0.74% of its portfolio in Colgate-Palmolive Company (NYSE:CL) for 30,646 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 321,126 shares for 0.22% of their portfolio.

Among 25 analysts covering Colgate-Palmolive (NYSE:CL), 5 have Buy rating, 1 Sell and 19 Hold. Therefore 20% are positive. Colgate-Palmolive had 70 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Neutral” on Tuesday, May 1. Bank of America upgraded Colgate-Palmolive Company (NYSE:CL) on Monday, September 12 to “Buy” rating. The stock of Colgate-Palmolive Company (NYSE:CL) has “Outperform” rating given on Monday, January 18 by BNP Paribas. Morgan Stanley maintained the shares of CL in report on Tuesday, October 31 with “Overweight” rating. Citigroup maintained the shares of CL in report on Thursday, November 2 with “Neutral” rating. Morgan Stanley maintained the stock with “Overweight” rating in Friday, April 20 report. Jefferies maintained Colgate-Palmolive Company (NYSE:CL) on Tuesday, May 30 with “Hold” rating. RBC Capital Markets downgraded Colgate-Palmolive Company (NYSE:CL) on Monday, January 4 to “Sector Perform” rating. The stock has “Hold” rating by RBC Capital Markets on Friday, November 10. Jefferies maintained it with “Hold” rating and $79.0 target in Thursday, January 4 report.

More recent Colgate-Palmolive Company (NYSE:CL) news were published by: Seekingalpha.com which released: “Retirement Strategy: I Am Done Being Wrong About This Market” on May 16, 2018. Also Seekingalpha.com published the news titled: “Colgate-Palmolive: A Consumer Defensive Heavyweight” on May 14, 2018. Benzinga.com‘s news article titled: “Morgan Stanley Shifts To Neutral On Colgate-Palmolive, Cites Emerging Markets Weakness” with publication date: April 30, 2018 was also an interesting one.

Public Sector Pension Investment Board, which manages about $15.38B US Long portfolio, decreased its stake in Wheaton Precious Metals Corp by 324,193 shares to 1.18M shares, valued at $26.25M in 2017Q4, according to the filing. It also reduced its holding in Campbell Soup Co (NYSE:CPB) by 10,600 shares in the quarter, leaving it with 10,278 shares, and cut its stake in Rockwell Collins Inc (NYSE:COL).

Since December 13, 2017, it had 0 buys, and 25 sales for $43.37 million activity. 19,500 shares were sold by Marsili Daniel B, worth $1.20 million on Tuesday, May 15. Daniels Jennifer also sold $68,390 worth of Colgate-Palmolive Company (NYSE:CL) on Tuesday, January 9. COOK IAN M sold 20,891 shares worth $1.47M. On Monday, February 5 the insider MOISON FRANCK J sold $10.02 million. Dolan Victoria L also sold $120,830 worth of Colgate-Palmolive Company (NYSE:CL) shares. HANCOCK ELLEN M also sold $346,581 worth of Colgate-Palmolive Company (NYSE:CL) shares.

More notable recent Biglari Holdings Inc. (NYSE:BH) news were published by: Seekingalpha.com which released: “Biglari Holdings 2018 Annual Meeting Notes” on May 01, 2018, also Seekingalpha.com with their article: “Initiating Coverage Of Biglari Holdings At ‘3’ On Severe Valuation Disconnect” published on May 10, 2018, Prnewswire.com published: “Oasis Petroleum Set to Join S&P MidCap 400; Washington Prime Group to Join S&P SmallCap 600” on April 26, 2018. More interesting news about Biglari Holdings Inc. (NYSE:BH) were released by: Globenewswire.com and their article: “Recent Analysis Shows Camden Property Trust, Biglari, Argan, Chimerix, Workhorse Group, and Magellan Midstream …” published on May 17, 2018 as well as Fool.com‘s news article titled: “Why US Steel, Biglari Holdings, and Charter Communications Slumped Today” with publication date: April 27, 2018.

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

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By1 Winifred Garcia

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