Colgate-Palmolive Company (CL) Shares Bought by Advisor Group Inc.
Advisor Group Inc. raised its position in shares of Colgate-Palmolive Company (NYSE:CL) by 17.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,292 shares of the company’s stock after buying an additional 8,626 shares during the quarter. Advisor Group Inc.’s holdings in Colgate-Palmolive were worth $4,237,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Colgate-Palmolive by 2.4% during the second quarter. Vanguard Group Inc. now owns 67,875,384 shares of the company’s stock valued at $5,031,602,000 after buying an additional 1,621,392 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Colgate-Palmolive by 2.3% during the second quarter. First Eagle Investment Management LLC now owns 4,891,131 shares of the company’s stock valued at $362,580,000 after buying an additional 108,850 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in Colgate-Palmolive by 3.7% during the second quarter. TIAA CREF Investment Management LLC now owns 4,725,042 shares of the company’s stock valued at $350,267,000 after buying an additional 170,053 shares in the last quarter. Fiera Capital Corp lifted its stake in Colgate-Palmolive by 17.3% during the second quarter. Fiera Capital Corp now owns 4,595,453 shares of the company’s stock valued at $340,662,000 after buying an additional 677,657 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Colgate-Palmolive by 2.2% in the 2nd quarter. Legal & General Group Plc now owns 4,390,317 shares of the company’s stock valued at $325,461,000 after purchasing an additional 96,427 shares during the period. 73.46% of the stock is owned by institutional investors.
In related news, insider Victoria L. Dolan sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $73.07, for a total value of $730,700.00. Following the transaction, the insider now owns 60,528 shares in the company, valued at $4,422,780.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Victoria L. Dolan sold 9,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $73.41, for a total value of $660,690.00. The disclosure for this sale can be found here. Insiders sold 173,673 shares of company stock worth $12,629,293 in the last 90 days. 1.02% of the stock is currently owned by corporate insiders.
A number of equities analysts have recently weighed in on CL shares. Zacks Investment Research upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Monday, October 23rd. Morgan Stanley upgraded Colgate-Palmolive from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $75.00 to $84.00 in a report on Monday, September 25th. KeyCorp reiterated a “hold” rating on shares of Colgate-Palmolive in a report on Monday, October 16th. Stifel Nicolaus set a $73.00 target price on Colgate-Palmolive and gave the company a “hold” rating in a report on Sunday, October 29th. Finally, SunTrust Banks, Inc. upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating and upped their target price for the company from $65.00 to $85.00 in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. Colgate-Palmolive presently has an average rating of “Hold” and an average target price of $76.67.
Colgate-Palmolive Company (NYSE:CL) opened at $72.01 on Friday. Colgate-Palmolive Company has a twelve month low of $63.43 and a twelve month high of $77.27. The company has a market capitalization of $63,232.34, a P/E ratio of 25.09, a P/E/G ratio of 3.30 and a beta of 0.80. The company has a quick ratio of 0.92, a current ratio of 1.23 and a debt-to-equity ratio of 24.42.
Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, October 27th. The company reported $0.73 EPS for the quarter, hitting analysts’ consensus estimates of $0.73. Colgate-Palmolive had a return on equity of 2,782.56% and a net margin of 15.10%. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. analysts expect that Colgate-Palmolive Company will post 2.88 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Monday, October 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, October 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.22%. Colgate-Palmolive’s dividend payout ratio is currently 61.78%.
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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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