Colgate-Palmolive Company (CL) Shares Sold by NEXT Financial Group Inc
NEXT Financial Group Inc lessened its stake in Colgate-Palmolive Company (NYSE:CL) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,634 shares of the company’s stock after selling 18 shares during the quarter. NEXT Financial Group Inc’s holdings in Colgate-Palmolive were worth $269,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. American Beacon Advisors Inc. acquired a new position in shares of Colgate-Palmolive in the 1st quarter valued at $102,000. Proficio Capital Partners LLC boosted its holdings in shares of Colgate-Palmolive by 16.9% in the 1st quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock valued at $107,000 after purchasing an additional 207 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Colgate-Palmolive in the 1st quarter valued at $121,000. AlphaMark Advisors LLC boosted its holdings in shares of Colgate-Palmolive by 452.1% in the 1st quarter. AlphaMark Advisors LLC now owns 1,673 shares of the company’s stock valued at $122,000 after purchasing an additional 1,370 shares during the last quarter. Finally, North Star Investment Management Corp. boosted its holdings in shares of Colgate-Palmolive by 3.9% in the 1st quarter. North Star Investment Management Corp. now owns 1,797 shares of the company’s stock valued at $132,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 73.10% of the company’s stock.
In related news, SVP John J. Huston sold 14,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $6,322,353.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Patricia Verduin sold 3,833 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $71.45, for a total transaction of $273,867.85. Following the sale, the insider now directly owns 53,173 shares of the company’s stock, valued at $3,799,210.85. The disclosure for this sale can be found here. Insiders sold 217,969 shares of company stock valued at $15,693,933 over the last three months. Insiders own 1.02% of the company’s stock.
Colgate-Palmolive Company (CL) traded down 0.25% during trading on Friday, hitting $71.19. 2,533,279 shares of the company traded hands. The firm has a 50 day moving average of $71.58 and a 200 day moving average of $73.27. The firm has a market cap of $62.71 billion, a P/E ratio of 26.45 and a beta of 0.80. Colgate-Palmolive Company has a one year low of $63.43 and a one year high of $77.27.
Colgate-Palmolive (NYSE:CL) last posted its earnings results on Friday, July 21st. The company reported $0.72 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.89 billion. Colgate-Palmolive had a net margin of 15.83% and a return on equity of 3,121.95%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.70 earnings per share. On average, analysts expect that Colgate-Palmolive Company will post $2.89 earnings per share for the current fiscal year.
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CL has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Tuesday, July 4th. Bank of America Corporation lifted their price target on shares of Colgate-Palmolive from $78.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, May 31st. Jefferies Group LLC reiterated a “hold” rating and issued a $79.00 price target on shares of Colgate-Palmolive in a report on Thursday, August 24th. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 price target on shares of Colgate-Palmolive in a report on Friday, June 30th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $75.00 price target on shares of Colgate-Palmolive in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $75.83.
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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