BB&T Corp lowered its position in Colgate-Palmolive Company (NYSE:CL) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 261,766 shares of the company’s stock after selling 14,948 shares during the period. BB&T Corp’s holdings in Colgate-Palmolive were worth $19,405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Beacon Advisors Inc. purchased a new position in shares of Colgate-Palmolive during the first quarter worth about $102,000. Proficio Capital Partners LLC raised its position in shares of Colgate-Palmolive by 16.9% in the first quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock worth $107,000 after buying an additional 207 shares during the period. Harbour Capital Advisors LLC purchased a new position in shares of Colgate-Palmolive during the first quarter worth about $121,000. AlphaMark Advisors LLC raised its position in shares of Colgate-Palmolive by 452.1% in the first quarter. AlphaMark Advisors LLC now owns 1,673 shares of the company’s stock worth $122,000 after buying an additional 1,370 shares during the period. Finally, Mascoma Wealth Management LLC purchased a new position in shares of Colgate-Palmolive during the second quarter worth about $131,000. Institutional investors and hedge funds own 73.85% of the company’s stock.

Colgate-Palmolive Company (NYSE CL) traded down 0.08% during mid-day trading on Thursday, hitting $71.51. 715,405 shares of the stock traded hands. Colgate-Palmolive Company has a 12-month low of $63.43 and a 12-month high of $77.27. The firm has a market cap of $62.99 billion, a PE ratio of 26.57 and a beta of 0.80. The stock has a 50 day moving average price of $73.08 and a 200 day moving average price of $72.72.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Colgate-Palmolive had a net margin of 15.83% and a return on equity of 3,121.95%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS. On average, analysts expect that Colgate-Palmolive Company will post $2.89 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 18th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, July 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.24%. Colgate-Palmolive’s dividend payout ratio is currently 59.48%.

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A number of brokerages have recently issued reports on CL. Zacks Investment Research lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “hold” rating and set a $74.00 price target on shares of Colgate-Palmolive in a research note on Thursday, May 25th. UBS AG reiterated a “neutral” rating and set a $78.00 price target (down from $79.00) on shares of Colgate-Palmolive in a research note on Tuesday, May 2nd. BidaskClub lowered shares of Colgate-Palmolive from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $79.00 price target (up from $77.00) on shares of Colgate-Palmolive in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $75.82.

In other news, Director Ellen M. Hancock sold 5,057 shares of Colgate-Palmolive stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $71.91, for a total value of $363,648.87. Following the transaction, the director now owns 199,777 shares of the company’s stock, valued at approximately $14,365,964.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Dennis J. Hickey sold 73,872 shares of Colgate-Palmolive stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $71.80, for a total transaction of $5,304,009.60. Following the completion of the transaction, the chief financial officer now directly owns 484,985 shares in the company, valued at approximately $34,821,923. The disclosure for this sale can be found here. Insiders sold a total of 203,969 shares of company stock worth $14,711,068 in the last ninety days. Corporate insiders own 1.02% of the company’s stock.

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

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