Colgate-Palmolive Company (CL) Stake Lifted by Advisor Partners LLC
Advisor Partners LLC lifted its holdings in Colgate-Palmolive Company (NYSE:CL) by 7.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,232 shares of the company’s stock after acquiring an additional 962 shares during the quarter. Advisor Partners LLC’s holdings in Colgate-Palmolive were worth $1,055,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Blue Chip Partners Inc. boosted its holdings in shares of Colgate-Palmolive by 0.4% in the 1st quarter. Blue Chip Partners Inc. now owns 1,805 shares of the company’s stock worth $132,000 after acquiring an additional 8 shares in the last quarter. Cue Financial Group Inc. boosted its holdings in shares of Colgate-Palmolive by 0.3% in the 2nd quarter. Cue Financial Group Inc. now owns 4,854 shares of the company’s stock worth $360,000 after acquiring an additional 14 shares in the last quarter. Cornerstone Financial Partners LLC boosted its holdings in shares of Colgate-Palmolive by 0.5% in the 2nd quarter. Cornerstone Financial Partners LLC now owns 3,813 shares of the company’s stock worth $282,000 after acquiring an additional 19 shares in the last quarter. M Holdings Securities Inc. boosted its holdings in shares of Colgate-Palmolive by 0.4% in the 1st quarter. M Holdings Securities Inc. now owns 5,366 shares of the company’s stock worth $393,000 after acquiring an additional 21 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in shares of Colgate-Palmolive by 0.3% in the 2nd quarter. Capital Investment Advisors LLC now owns 8,318 shares of the company’s stock worth $617,000 after acquiring an additional 27 shares in the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Colgate-Palmolive Company (NYSE:CL) opened at 72.72 on Friday. The company has a market cap of $64.05 billion, a PE ratio of 27.02 and a beta of 0.81. The firm’s 50 day moving average is $71.99 and its 200 day moving average is $73.17. Colgate-Palmolive Company has a 12 month low of $63.43 and a 12 month high of $77.27.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Friday, July 21st. The company reported $0.72 EPS for the quarter, hitting analysts’ consensus estimates of $0.72. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.89 billion. Colgate-Palmolive had a net margin of 15.83% and a return on equity of 3,121.95%. Colgate-Palmolive’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 earnings per share. On average, equities analysts predict that Colgate-Palmolive Company will post $2.89 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Monday, October 23rd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.20%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 59.48%.
In other news, SVP John J. Huston sold 14,000 shares of Colgate-Palmolive 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 transaction, the senior vice president now owns 88,598 shares in the company, valued at $6,322,353.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Patricia Verduin sold 3,833 shares of Colgate-Palmolive stock in a transaction on Monday, July 17th. The stock was sold at an average price of $72.41, for a total transaction of $277,547.53. Following the transaction, the insider now owns 53,022 shares in the company, valued at approximately $3,839,323.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 217,969 shares of company stock worth $15,693,933. 1.02% of the stock is owned by company insiders.
Several research analysts have issued reports on the company. Zacks Investment Research raised Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $79.00 price objective on shares of Colgate-Palmolive in a report on Thursday, September 28th. Macquarie assumed coverage on Colgate-Palmolive in a report on Thursday, September 14th. They set a “neutral” rating and a $76.00 price objective on the stock. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Colgate-Palmolive in a report on Monday, July 24th. Finally, BidaskClub downgraded Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $76.31.
Colgate-Palmolive Company Profile
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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