Vision Capital Management Inc. Reduces Position in Colgate-Palmolive Company (CL)
Vision Capital Management Inc. cut its position in shares of Colgate-Palmolive Company (NYSE:CL) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,095 shares of the company’s stock after selling 215 shares during the quarter. Vision Capital Management Inc.’s holdings in Colgate-Palmolive were worth $1,267,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Beacon Advisors Inc. bought a new stake in shares of Colgate-Palmolive during the first quarter valued at approximately $102,000. Proficio Capital Partners LLC boosted its position in shares of Colgate-Palmolive by 16.9% during the first quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock valued at $107,000 after purchasing an additional 207 shares in the last quarter. OLD Second National Bank of Aurora bought a new stake in shares of Colgate-Palmolive during the second quarter valued at approximately $109,000. Hanson & Doremus Investment Management boosted its position in shares of Colgate-Palmolive by 4.5% during the second quarter. Hanson & Doremus Investment Management now owns 1,630 shares of the company’s stock valued at $121,000 after purchasing an additional 70 shares in the last quarter. Finally, Captrust Financial Advisors bought a new stake in shares of Colgate-Palmolive during the second quarter valued at approximately $122,000. Institutional investors own 73.87% of the company’s stock.
Shares of Colgate-Palmolive Company (NYSE:CL) opened at $71.89 on Friday. The company has a market capitalization of $63,126.96, a price-to-earnings ratio of 25.05, a P/E/G ratio of 3.29 and a beta of 0.80. The company has a current ratio of 1.23, a quick ratio of 0.92 and a debt-to-equity ratio of 24.42. Colgate-Palmolive Company has a 1 year low of $63.43 and a 1 year high of $77.27.
Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, October 27th. The company reported $0.73 EPS for the quarter, meeting analysts’ consensus estimates of $0.73. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Colgate-Palmolive had a return on equity of 2,782.56% and a net margin of 15.10%. Colgate-Palmolive’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 earnings per share. equities analysts forecast that Colgate-Palmolive Company will post 2.88 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Monday, October 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Friday, October 20th. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 61.78%.
A number of brokerages have issued reports on CL. Citigroup Inc. lowered their price objective on Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Zacks Investment Research upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Monday, October 23rd. SunTrust Banks, Inc. upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating and lifted their price objective for the company from $65.00 to $85.00 in a research note on Wednesday, October 11th. KeyCorp reiterated a “hold” rating on shares of Colgate-Palmolive in a research note on Monday, October 16th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $79.00 price objective on shares of Colgate-Palmolive in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $76.67.
In other Colgate-Palmolive news, COO Justin Skala sold 126,393 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $72.97, for a total transaction of $9,222,897.21. Following the completion of the sale, the chief operating officer now owns 262,361 shares of the company’s stock, valued at $19,144,482.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victoria L. Dolan sold 9,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $73.41, for a total value of $660,690.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 173,673 shares of company stock valued at $12,629,293. 1.02% of the stock is owned by company insiders.
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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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