Natixis Asset Management lifted its stake in shares of Colgate-Palmolive (NYSE:CL) by 150.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the company’s stock after purchasing an additional 120,000 shares during the period. Colgate-Palmolive comprises 1.7% of Natixis Asset Management’s investment portfolio, making the stock its 16th biggest position. Natixis Asset Management’s holdings in Colgate-Palmolive were worth $15,090,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in Colgate-Palmolive during the 3rd quarter worth $1,814,000. The Manufacturers Life Insurance Company increased its holdings in Colgate-Palmolive by 10.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,131,987 shares of the company’s stock valued at $83,914,000 after acquiring an additional 105,878 shares in the last quarter. Pensionfund DSM Netherlands purchased a new position in Colgate-Palmolive during the 3rd quarter valued at about $4,225,000. Pictet & Cie Europe SA grew its holdings in shares of Colgate-Palmolive by 5.5% during the third quarter. Pictet & Cie Europe SA now owns 123,000 shares of the company’s stock worth $8,961,000 after buying an additional 6,400 shares in the last quarter. Finally, Roosevelt Investment Group Inc. acquired a new stake in shares of Colgate-Palmolive in the second quarter worth approximately $1,044,000. Hedge funds and other institutional investors own 73.87% of the company’s stock.
In other Colgate-Palmolive news, insider Jennifer Daniels sold 902 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $75.82, for a total transaction of $68,389.64. Following the transaction, the insider now owns 37,788 shares of the company’s stock, valued at approximately $2,865,086.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel B. Marsili sold 5,692 shares of Colgate-Palmolive stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $70.19, for a total value of $399,521.48. Following the transaction, the insider now owns 41,677 shares of the company’s stock, valued at $2,925,308.63. The disclosure for this sale can be found here. In the last three months, insiders sold 455,707 shares of company stock worth $32,443,427. 1.02% of the stock is owned by insiders.
Shares of Colgate-Palmolive (CL) traded up $0.06 during trading hours on Friday, hitting $69.62. The stock had a trading volume of 6,571,601 shares, compared to its average volume of 4,080,953. The firm has a market capitalization of $60,910.00, a price-to-earnings ratio of 26.88, a PEG ratio of 2.59 and a beta of 0.79. Colgate-Palmolive has a 52 week low of $68.19 and a 52 week high of $77.91. The company has a debt-to-equity ratio of 27.02, a quick ratio of 1.00 and a current ratio of 1.36.
Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, January 26th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.75. Colgate-Palmolive had a return on equity of 1,716.69% and a net margin of 13.10%. The firm had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter last year, the business earned $0.75 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. analysts predict that Colgate-Palmolive will post 3.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Friday, April 20th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, April 19th. This is a positive change from Colgate-Palmolive’s previous quarterly dividend of $0.40. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 61.78%.
A number of research analysts have weighed in on the stock. Jefferies Group reaffirmed a “hold” rating and set a $79.00 price target on shares of Colgate-Palmolive in a research report on Friday, January 26th. Societe Generale lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating and set a $66.00 price target for the company. in a research note on Wednesday, November 29th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Barclays set a $75.00 price objective on shares of Colgate-Palmolive and gave the stock a “hold” rating in a report on Thursday. Finally, Macquarie raised shares of Colgate-Palmolive from a “neutral” rating to an “outperform” rating and set a $81.00 price target for the company in a report on Tuesday, December 19th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. Colgate-Palmolive currently has an average rating of “Hold” and an average price target of $77.71.
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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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