Kanawha Capital Management LLC trimmed its position in shares of Colgate-Palmolive Company (NYSE:CL) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,459 shares of the company’s stock after selling 2,372 shares during the quarter. Kanawha Capital Management LLC’s holdings in Colgate-Palmolive were worth $7,447,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. American Beacon Advisors Inc. acquired a new stake in Colgate-Palmolive in the first quarter valued at $102,000. Proficio Capital Partners LLC boosted its position in shares of Colgate-Palmolive by 16.9% during the 1st quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock worth $107,000 after purchasing an additional 207 shares in the last quarter. OLD Second National Bank of Aurora purchased a new stake in shares of Colgate-Palmolive during the 2nd quarter worth $109,000. Harbour Capital Advisors LLC purchased a new stake in shares of Colgate-Palmolive during the 1st quarter worth $121,000. Finally, Hanson & Doremus Investment Management boosted its position in shares of Colgate-Palmolive by 4.5% during the 2nd quarter. Hanson & Doremus Investment Management now owns 1,630 shares of the company’s stock worth $121,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

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In related news, insider Patricia Verduin sold 3,833 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $71.45, for a total transaction of $273,867.85. Following the completion of the sale, the insider now directly owns 53,173 shares in the company, valued at $3,799,210.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John J. Huston sold 14,000 shares of Colgate-Palmolive stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $71.36, for a total transaction of $999,040.00. Following the completion of the transaction, the senior vice president now owns 88,598 shares in the company, valued at approximately $6,322,353.28. The disclosure for this sale can be found here. Insiders sold a total of 217,969 shares of company stock worth $15,693,933 over the last quarter. Insiders own 1.02% of the company’s stock.

Colgate-Palmolive Company (NYSE:CL) opened at 72.44 on Wednesday. The firm’s 50-day moving average price is $71.88 and its 200 day moving average price is $73.18. The stock has a market cap of $63.81 billion, a P/E ratio of 26.92 and a beta of 0.81. Colgate-Palmolive Company has a 52-week low of $63.43 and a 52-week high of $77.27.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, July 21st. The company reported $0.72 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter last year, the firm posted $0.70 EPS. The business’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts predict that Colgate-Palmolive Company will post $2.89 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Monday, October 23rd will be paid a $0.40 dividend. The ex-dividend date is Friday, October 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.21%. Colgate-Palmolive’s dividend payout ratio is currently 59.48%.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Tuesday, July 4th. Morgan Stanley raised shares of Colgate-Palmolive from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $75.00 to $84.00 in a report on Monday, September 25th. Jefferies Group LLC boosted their price objective on shares of Colgate-Palmolive from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, July 6th. BidaskClub lowered shares of Colgate-Palmolive from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Colgate-Palmolive in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. Colgate-Palmolive presently has an average rating of “Hold” and an average price target of $76.31.

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.

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

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