Colgate-Palmolive Company (CL) Shares Bought by NorthCoast Asset Management LLC
NorthCoast Asset Management LLC lifted its position in shares of Colgate-Palmolive Company (NYSE:CL) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,885 shares of the company’s stock after buying an additional 68 shares during the period. NorthCoast Asset Management LLC’s holdings in Colgate-Palmolive were worth $1,696,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Capital Fund Management S.A. increased its holdings in shares of Colgate-Palmolive by 29.3% during the 2nd quarter. Capital Fund Management S.A. now owns 238,003 shares of the company’s stock worth $17,643,000 after buying an additional 53,868 shares during the last quarter. Weatherstone Capital Management increased its holdings in shares of Colgate-Palmolive by 0.7% during the 2nd quarter. Weatherstone Capital Management now owns 4,069 shares of the company’s stock worth $302,000 after buying an additional 28 shares during the last quarter. Jackson Wealth Management LLC increased its holdings in shares of Colgate-Palmolive by 18.0% during the 2nd quarter. Jackson Wealth Management LLC now owns 19,176 shares of the company’s stock worth $1,375,000 after buying an additional 2,923 shares during the last quarter. Vantage Investment Advisors LLC increased its holdings in shares of Colgate-Palmolive by 1.5% during the 2nd quarter. Vantage Investment Advisors LLC now owns 4,859 shares of the company’s stock worth $360,000 after buying an additional 73 shares during the last quarter. Finally, CI Investments Inc. increased its holdings in shares of Colgate-Palmolive by 0.3% during the 2nd quarter. CI Investments Inc. now owns 102,400 shares of the company’s stock worth $7,591,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 73.87% of the company’s stock.
Shares of Colgate-Palmolive Company (CL) opened at $73.70 on Tuesday. The company has a debt-to-equity ratio of 24.42, a quick ratio of 0.92 and a current ratio of 1.23. Colgate-Palmolive Company has a 52 week low of $63.43 and a 52 week high of $77.27. The firm has a market capitalization of $64,286.08, a PE ratio of 25.51, a PEG ratio of 3.35 and a beta of 0.80.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Friday, October 27th. The company reported $0.73 EPS for the quarter, hitting the consensus estimate of $0.73. Colgate-Palmolive had a net margin of 15.10% and a return on equity of 2,782.56%. The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter last year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. sell-side analysts predict that Colgate-Palmolive Company will post 2.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Monday, October 23rd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. Colgate-Palmolive’s payout ratio is 61.78%.
CL has been the subject of several recent research reports. Jefferies Group LLC reiterated a “hold” rating and issued a $79.00 price target on shares of Colgate-Palmolive in a report on Thursday, September 28th. Zacks Investment Research downgraded Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Citigroup Inc. lowered their price target on Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Macquarie initiated coverage on Colgate-Palmolive in a report on Thursday, September 14th. They issued a “neutral” rating and a $76.00 price target for the company. Finally, Stifel Nicolaus set a $73.00 price target on Colgate-Palmolive and gave the company a “hold” rating in a report on Sunday, October 29th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. Colgate-Palmolive has an average rating of “Hold” and an average price target of $76.67.
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In other Colgate-Palmolive news, Director Stephen I. Sadove sold 20,780 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $70.52, for a total value of $1,465,405.60. Following the transaction, the director now owns 36,268 shares of the company’s stock, valued at $2,557,619.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Justin Skala sold 126,393 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $72.97, for a total transaction of $9,222,897.21. Following the completion of the transaction, the chief operating officer now directly owns 262,361 shares in the company, valued at approximately $19,144,482.17. The disclosure for this sale can be found here. Insiders have sold 164,673 shares of company stock worth $11,968,603 in the last ninety days. Corporate insiders own 1.02% of the company’s stock.
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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