American Beacon Advisors Inc. purchased a new stake in Colgate-Palmolive Company (NYSE:CL) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,399 shares of the company’s stock, valued at approximately $102,000. Colgate-Palmolive makes up about 1.3% of American Beacon Advisors Inc.’s portfolio, making the stock its 24th largest position.

A number of other hedge funds also recently made changes to their positions in the company. Harbour Capital Advisors LLC acquired a new stake in shares of Colgate-Palmolive during the first quarter valued at about $121,000. AlphaMark Advisors LLC boosted its stake in shares of Colgate-Palmolive by 452.1% in the first quarter. AlphaMark Advisors LLC now owns 1,673 shares of the company’s stock valued at $122,000 after buying an additional 1,370 shares in the last quarter. North Star Investment Management Corp. boosted its stake in shares of Colgate-Palmolive by 3.9% in the first quarter. North Star Investment Management Corp. now owns 1,797 shares of the company’s stock valued at $132,000 after buying an additional 67 shares in the last quarter. Blue Chip Partners Inc. boosted its stake in shares of Colgate-Palmolive by 0.4% in the first quarter. Blue Chip Partners Inc. now owns 1,805 shares of the company’s stock valued at $132,000 after buying an additional 8 shares in the last quarter. Finally, Advantage Investment Management LLC boosted its stake in shares of Colgate-Palmolive by 16.8% in the first quarter. Advantage Investment Management LLC now owns 1,850 shares of the company’s stock valued at $135,000 after buying an additional 266 shares in the last quarter. Institutional investors and hedge funds own 73.69% of the company’s stock.

Shares of Colgate-Palmolive Company (NYSE:CL) traded up 0.301% during trading on Tuesday, reaching $71.665. 516,080 shares of the company traded hands. The firm has a 50 day moving average of $72.71 and a 200 day moving average of $72.83. Colgate-Palmolive Company has a 52 week low of $63.43 and a 52 week high of $77.27. The stock has a market capitalization of $63.13 billion, a PE ratio of 26.631 and a beta of 0.80.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, July 21st. The company reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. Colgate-Palmolive had a net margin of 15.83% and a return on equity of 3,121.95%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the firm earned $0.70 earnings per share. Colgate-Palmolive’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts predict that Colgate-Palmolive Company will post $2.89 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, July 18th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Friday, July 14th. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 59.48%.

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Several analysts have recently issued reports on CL shares. Jefferies Group LLC started coverage on shares of Colgate-Palmolive in a research report on Tuesday, April 18th. They set a “hold” rating and a $78.00 target price on the stock. Royal Bank Of Canada restated a “hold” rating and set a $74.00 target price on shares of Colgate-Palmolive in a research report on Monday, April 24th. UBS AG restated a “neutral” rating and set a $78.00 target price (down from $79.00) on shares of Colgate-Palmolive in a research report on Tuesday, May 2nd. Zacks Investment Research cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, Vetr cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating and set a $76.67 target price on the stock. in a research report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. Colgate-Palmolive has a consensus rating of “Hold” and a consensus price target of $75.82.

In other Colgate-Palmolive news, SVP John J. Huston sold 14,000 shares of Colgate-Palmolive stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $71.36, for a total transaction of $999,040.00. Following the completion of the sale, the senior vice president now directly owns 88,598 shares in the company, valued at $6,322,353.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Patricia Verduin sold 3,833 shares of Colgate-Palmolive stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $75.67, for a total transaction of $290,043.11. Following the sale, the insider now owns 53,022 shares of the company’s stock, valued at $4,012,174.74. The disclosure for this sale can be found here. Insiders have sold 217,969 shares of company stock worth $15,710,108 over the last ninety days. 1.02% of the stock is owned by insiders.

About Colgate-Palmolive

Colgate-Palmolive Company (Colgate) is a consumer products company. The Company operates in two product segments: Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through five geographic segments, which include North America, Latin America, Europe, Asia Pacific and Africa/Eurasia.

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

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