Colgate-Palmolive Company $CL Shares Newly Bought by M Holdings Securities Inc.

M Holdings Securities Inc. acquired a new stake in shares of Colgate-Palmolive Company (NYSE:CL) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 11,662 shares of the company’s stock, valued at approximately $995,000.

A number of other hedge funds also recently bought and sold shares of the business. Corient Private Wealth LP increased its stake in shares of Colgate-Palmolive by 29.0% in the 2nd quarter. Corient Private Wealth LP now owns 639,604 shares of the company’s stock worth $58,639,000 after acquiring an additional 143,812 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Colgate-Palmolive during the 2nd quarter worth $567,483,000. Brandywine Financial Group raised its holdings in shares of Colgate-Palmolive by 35,612.3% during the 1st quarter. Brandywine Financial Group now owns 72,853 shares of the company’s stock worth $6,209,000 after acquiring an additional 72,649 shares during the period. Cohen Klingenstein LLC boosted its position in shares of Colgate-Palmolive by 9.0% during the 3rd quarter. Cohen Klingenstein LLC now owns 167,669 shares of the company’s stock valued at $14,306,000 after acquiring an additional 13,870 shares during the last quarter. Finally, SEB Asset Management AB acquired a new position in shares of Colgate-Palmolive during the 1st quarter valued at about $91,149,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

Insider Buying and Selling at Colgate-Palmolive

In related news, COO Panagiotis Tsourapas sold 19,938 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $98.74, for a total transaction of $1,968,678.12. Following the completion of the transaction, the chief operating officer owned 9,111 shares of the company’s stock, valued at approximately $899,620.14. This trade represents a 68.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Noel R. Wallace sold 20,000 shares of Colgate-Palmolive stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $100.26, for a total transaction of $2,005,200.00. Following the completion of the sale, the chief executive officer owned 359,700 shares of the company’s stock, valued at $36,063,522. This trade represents a 5.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 73,314 shares of company stock worth $7,212,109 over the last three months. Insiders own 0.43% of the company’s stock.

Colgate-Palmolive Stock Performance

Shares of Colgate-Palmolive stock opened at $97.90 on Tuesday. Colgate-Palmolive Company has a 52 week low of $75.96 and a 52 week high of $101.18. The business’s fifty day simple moving average is $90.26 and its 200-day simple moving average is $90.04. The firm has a market cap of $77.82 billion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 4.48 and a beta of 0.31. The company has a quick ratio of 0.30, a current ratio of 0.96 and a debt-to-equity ratio of 11.23.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, October 30th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.34 billion. Colgate-Palmolive had a return on equity of 607.88% and a net margin of 9.65%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $0.91 EPS. Equities analysts forecast that Colgate-Palmolive Company will post 3.92 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, October 20th will be given a dividend of $0.53 per share. The ex-dividend date is Tuesday, October 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.2%. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 83.14%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CL. JPMorgan Chase & Co. cut their price objective on shares of Colgate-Palmolive from $104.00 to $102.00 and set an “overweight” rating for the company in a research report on Monday, November 2nd. Evercore lifted their target price on shares of Colgate-Palmolive from $100.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, October 8th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Colgate-Palmolive in a report on Thursday, August 13th. Bank of America increased their price target on shares of Colgate-Palmolive from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Finally, Piper Sandler cut their price target on shares of Colgate-Palmolive from $98.00 to $95.00 and set an “overweight” rating for the company in a report on Monday, September 21st. Thirteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $101.22.

Colgate-Palmolive Company Profile

Colgate-Palmolive is a global consumer products company whose business spans oral care, personal care, home care and pet nutrition. Its products include toothpaste, toothbrushes, mouthwashes, soaps, shampoos, cleaning products and pet food.

The company’s best-known brands include Colgate, Palmolive, elmex, Softsoap, Ajax and Hill’s Pet Nutrition. It sells products through retail and other channels in markets around the world.

Founded in 1806 by William Colgate as a soap and candle business in New York City, the company has grown into an international manufacturer of household and personal care products.