Trust Co. of Toledo NA OH lifted its position in shares of Colgate-Palmolive Company (NYSE:CL) by 8.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,487 shares of the company’s stock after purchasing an additional 417 shares during the period. Trust Co. of Toledo NA OH’s holdings in Colgate-Palmolive were worth $407,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CL. TIAA CREF Investment Management LLC increased its stake in shares of Colgate-Palmolive by 84.2% during the 1st quarter. TIAA CREF Investment Management LLC now owns 4,554,989 shares of the company’s stock worth $333,380,000 after purchasing an additional 2,082,262 shares during the last quarter. Swiss National Bank increased its stake in shares of Colgate-Palmolive by 22.2% during the 1st quarter. Swiss National Bank now owns 3,667,072 shares of the company’s stock worth $268,393,000 after purchasing an additional 666,400 shares during the last quarter. Karp Capital Management Corp increased its stake in shares of Colgate-Palmolive by 3,749.4% during the 1st quarter. Karp Capital Management Corp now owns 381,210 shares of the company’s stock worth $27,901,000 after purchasing an additional 371,307 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Colgate-Palmolive by 25.4% during the 1st quarter. Teachers Advisors LLC now owns 1,814,250 shares of the company’s stock worth $132,785,000 after purchasing an additional 367,977 shares during the last quarter. Finally, Scopus Asset Management L.P. acquired a new position in shares of Colgate-Palmolive during the 1st quarter worth about $25,617,000. Institutional investors own 73.10% of the company’s stock.

Colgate-Palmolive (NYSE:CL) last posted its earnings results on Friday, July 21st. The company reported $0.72 earnings per share for the quarter, hitting the consensus estimate of $0.72. The firm 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 was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.70 earnings per share.

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Several research firms have recently weighed in on CL. Macquarie began coverage on shares of Colgate-Palmolive in a research note on Thursday, September 14th. They set a “neutral” rating and a $76.00 price objective on the stock. Zacks Investment Research lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. BidaskClub lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $79.00 price target on shares of Colgate-Palmolive in a research note on Thursday, August 24th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 price target on shares of Colgate-Palmolive in a research note on Friday, June 30th. One investment 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’s stock. Colgate-Palmolive currently has a consensus rating of “Hold” and a consensus price target of $75.62.

In other news, COO Justin Skala sold 74,374 shares of Colgate-Palmolive stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $72.51, for a total value of $5,392,858.74. Following the completion of the transaction, the chief operating officer now owns 97,177 shares in the company, valued at $7,046,304.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Patricia Verduin sold 3,833 shares of Colgate-Palmolive stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $72.41, for a total transaction of $277,547.53. Following the completion of the transaction, the insider now owns 53,022 shares of the company’s stock, valued at approximately $3,839,323.02. The disclosure for this sale can be found here. Insiders sold 217,969 shares of company stock valued at $15,693,933 in the last quarter. Corporate insiders own 1.02% of the company’s stock.

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.

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

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