MAI Capital Management reduced its stake in Colgate-Palmolive Company (NYSE:CL) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,848 shares of the company’s stock after selling 34 shares during the period. MAI Capital Management’s holdings in Colgate-Palmolive were worth $1,306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hartford Financial Management Inc. raised its position in Colgate-Palmolive by 1.1% in the first quarter. Hartford Financial Management Inc. now owns 4,800 shares of the company’s stock valued at $351,000 after buying an additional 50 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in Colgate-Palmolive during the first quarter valued at about $306,000. Nisa Investment Advisors LLC raised its position in Colgate-Palmolive by 12.9% in the first quarter. Nisa Investment Advisors LLC now owns 358,646 shares of the company’s stock valued at $26,249,000 after buying an additional 41,064 shares during the period. Everence Capital Management Inc. raised its position in Colgate-Palmolive by 31.0% in the first quarter. Everence Capital Management Inc. now owns 26,383 shares of the company’s stock valued at $1,931,000 after buying an additional 6,250 shares during the period. Finally, Patten & Patten Inc. TN raised its position in Colgate-Palmolive by 0.3% in the first quarter. Patten & Patten Inc. TN now owns 15,767 shares of the company’s stock valued at $1,154,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 73.15% of the company’s stock.

Shares of Colgate-Palmolive Company (NYSE:CL) traded up 0.39% during midday trading on Tuesday, hitting $71.18. 373,359 shares of the company’s stock were exchanged. The company has a 50-day moving average of $71.99 and a 200-day moving average of $73.12. Colgate-Palmolive Company has a 52 week low of $63.43 and a 52 week high of $77.27. The firm has a market cap of $62.70 billion, a price-to-earnings ratio of 26.45 and a beta of 0.80.

Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting the Zacks’ 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 for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the company earned $0.70 EPS. Colgate-Palmolive’s quarterly revenue was down .5% compared to the same quarter last year. Equities research analysts expect that Colgate-Palmolive Company will post $2.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, July 18th were given a dividend of $0.40 per share. The ex-dividend date was Friday, July 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.26%. Colgate-Palmolive’s payout ratio is presently 59.48%.

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Several research firms have issued reports on CL. Bank of America Corporation lifted their price target on shares of Colgate-Palmolive from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, May 31st. BidaskClub lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Vetr lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating and set a $76.67 price target on the stock. in a research report on Wednesday, May 17th. Royal Bank Of Canada restated a “hold” rating and issued a $74.00 price target on shares of Colgate-Palmolive in a research report on Thursday, May 25th. Finally, 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 research report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $75.82.

In related news, insider Patricia Verduin sold 3,833 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $75.67, for a total transaction of $290,043.11. Following the transaction, the insider now owns 53,022 shares in the company, valued at approximately $4,012,174.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Justin Skala sold 74,374 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $72.51, for a total transaction of $5,392,858.74. Following the transaction, the chief operating officer now owns 97,177 shares in the company, valued at approximately $7,046,304.27. The disclosure for this sale can be found here. Insiders have sold a total of 221,802 shares of company stock worth $15,983,976 in the last quarter. 1.02% of the stock is owned by corporate insiders.

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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