HL Financial Services LLC trimmed its stake in shares of Colgate-Palmolive (NYSE:CL) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,768 shares of the company’s stock after selling 1,934 shares during the quarter. HL Financial Services LLC’s holdings in Colgate-Palmolive were worth $10,765,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in CL. Vanguard Group Inc. raised its position in shares of Colgate-Palmolive by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 67,875,384 shares of the company’s stock valued at $5,031,602,000 after acquiring an additional 1,621,392 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Colgate-Palmolive by 42.4% during the 2nd quarter. Renaissance Technologies LLC now owns 9,753,400 shares of the company’s stock valued at $723,020,000 after acquiring an additional 2,903,800 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Colgate-Palmolive by 25.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,854,323 shares of the company’s stock valued at $508,111,000 after acquiring an additional 1,385,946 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Colgate-Palmolive by 2.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 4,891,131 shares of the company’s stock valued at $362,580,000 after acquiring an additional 108,850 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Colgate-Palmolive by 3.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 4,725,042 shares of the company’s stock valued at $350,267,000 after buying an additional 170,053 shares in the last quarter. 72.83% of the stock is currently owned by institutional investors and hedge funds.
Colgate-Palmolive (NYSE:CL) opened at $74.62 on Friday. Colgate-Palmolive has a fifty-two week low of $63.43 and a fifty-two week high of $77.27. The company has a market cap of $65,520.00, a price-to-earnings ratio of 28.81, a PEG ratio of 3.15 and a beta of 0.81. The company has a debt-to-equity ratio of 24.42, a quick ratio of 0.92 and a current ratio of 1.23.
Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, October 27th. The company reported $0.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.73. The business had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.94 billion. Colgate-Palmolive had a net margin of 15.10% and a return on equity of 2,782.56%. Colgate-Palmolive’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 earnings per share. research analysts forecast that Colgate-Palmolive will post 2.88 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Tuesday, January 23rd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.14%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 61.78%.
A number of equities analysts recently weighed in on the stock. SunTrust Banks upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and raised their target price for the company from $65.00 to $85.00 in a research note on Wednesday, October 11th. Societe Generale cut shares of Colgate-Palmolive from a “hold” rating to a “sell” rating and set a $66.00 price target on the stock. in a report on Wednesday, November 29th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Citigroup lowered their target price on shares of Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Finally, Stifel Nicolaus set a $73.00 target price on shares of Colgate-Palmolive and gave the stock a “hold” rating in a report on Sunday, October 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $76.51.
In related news, CMO Mukul Deoras sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $73.28, for a total transaction of $549,600.00. Following the sale, the chief marketing officer now directly owns 45,217 shares in the company, valued at approximately $3,313,501.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jennifer Daniels sold 902 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $75.82, for a total transaction of $68,389.64. Following the sale, the insider now owns 37,788 shares in the company, valued at $2,865,086.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 181,950 shares of company stock worth $13,237,385. 1.02% of the stock is owned by corporate 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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