Atlanta Capital Group increased its position in shares of Colgate-Palmolive Company (NYSE:CL) by 108.8% during the third quarter, Holdings Channel reports. The institutional investor owned 8,914 shares of the company’s stock after buying an additional 4,644 shares during the period. Atlanta Capital Group’s holdings in Colgate-Palmolive Company were worth $661,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of CL. BB&T Securities LLC increased its stake in shares of Colgate-Palmolive Company by 28.8% in the third quarter. BB&T Securities LLC now owns 43,243 shares of the company’s stock valued at $3,205,000 after buying an additional 9,678 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Colgate-Palmolive Company by 41.1% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 208,062 shares of the company’s stock valued at $15,426,000 after buying an additional 60,600 shares during the last quarter. Vaughan David Investments Inc. IL increased its stake in shares of Colgate-Palmolive Company by 0.4% in the third quarter. Vaughan David Investments Inc. IL now owns 264,562 shares of the company’s stock valued at $19,615,000 after buying an additional 936 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Colgate-Palmolive Company by 0.8% in the third quarter. California State Teachers Retirement System now owns 1,900,866 shares of the company’s stock valued at $140,930,000 after buying an additional 16,000 shares during the last quarter. Finally, Pax World Management LLC increased its stake in shares of Colgate-Palmolive Company by 7.9% in the third quarter. Pax World Management LLC now owns 5,432 shares of the company’s stock valued at $403,000 after buying an additional 400 shares during the last quarter. 71.67% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Colgate-Palmolive Company (NYSE:CL)

Colgate-Palmolive Company (NYSE:CL) traded up 0.05% during midday trading on Friday, reaching $65.88. The company had a trading volume of 1,888,149 shares. The firm has a 50-day moving average of $65.97 and a 200-day moving average of $70.95. Colgate-Palmolive Company has a 12 month low of $61.40 and a 12 month high of $75.38. The stock has a market cap of $58.56 billion, a P/E ratio of 43.09 and a beta of 0.67.

Colgate-Palmolive Company (NYSE:CL) last posted its earnings results on Thursday, October 27th. The company reported $0.73 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. Colgate-Palmolive Company had a net margin of 8.96% and a return on equity of 6,924.14%. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter last year, the firm earned $0.80 EPS. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. On average, equities analysts expect that Colgate-Palmolive Company will post $2.81 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Monday, January 23rd will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, January 19th. This represents a $1.56 annualized dividend and a dividend yield of 2.37%. Colgate-Palmolive Company’s dividend payout ratio is currently 101.96%.

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Several analysts recently weighed in on the company. RBC Capital Markets set a $71.00 target price on Colgate-Palmolive Company and gave the company a “hold” rating in a research note on Monday, January 2nd. Barclays PLC restated a “hold” rating and set a $63.00 target price on shares of Colgate-Palmolive Company in a research note on Tuesday. B. Riley restated a “neutral” rating and set a $78.00 target price on shares of Colgate-Palmolive Company in a research note on Wednesday, November 2nd. Zacks Investment Research downgraded Colgate-Palmolive Company from a “hold” rating to a “sell” rating in a research note on Tuesday, December 27th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Colgate-Palmolive Company in a research note on Tuesday, November 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. Colgate-Palmolive Company currently has a consensus rating of “Hold” and a consensus target price of $75.59.

In other Colgate-Palmolive Company news, insider Jennifer Daniels sold 7,072 shares of Colgate-Palmolive Company stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $66.78, for a total transaction of $472,268.16. Following the transaction, the insider now owns 37,463 shares of the company’s stock, valued at approximately $2,501,779.14. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Patricia Verduin sold 3,834 shares of Colgate-Palmolive Company stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $72.39, for a total transaction of $277,543.26. Following the transaction, the insider now directly owns 55,013 shares in the company, valued at approximately $3,982,391.07. The disclosure for this sale can be found here. Company insiders own 1.05% of the company’s stock.

Colgate-Palmolive Company Company Profile

Colgate-Palmolive Company (Colgate) is a consumer products company, whose products are marketed in over 200 countries and territories throughout the world. The Company’s segments include Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through over five geographic segments, which include North America, Latin America, Europe/South Pacific, Asia and Africa/Eurasia.

5 Day Chart for NYSE:CL

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