Honkamp Krueger Financial Services Inc. lowered its stake in shares of Colgate-Palmolive (NYSE:CL) by 8.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,337 shares of the company’s stock after selling 795 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Colgate-Palmolive were worth $574,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of CL. Raymond James Trust N.A. lifted its holdings in Colgate-Palmolive by 1.4% during the 4th quarter. Raymond James Trust N.A. now owns 26,118 shares of the company’s stock worth $1,798,000 after buying an additional 371 shares in the last quarter. Townsend & Associates Inc acquired a new stake in Colgate-Palmolive during the 4th quarter worth approximately $2,158,000. United Services Automobile Association lifted its holdings in Colgate-Palmolive by 32.1% during the 4th quarter. United Services Automobile Association now owns 160,721 shares of the company’s stock worth $11,021,000 after buying an additional 39,077 shares in the last quarter. Bridge Creek Capital Management LLC lifted its holdings in Colgate-Palmolive by 1.6% during the 4th quarter. Bridge Creek Capital Management LLC now owns 58,720 shares of the company’s stock worth $4,042,000 after buying an additional 925 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in Colgate-Palmolive by 2.1% during the 4th quarter. Artemis Investment Management LLP now owns 319,497 shares of the company’s stock worth $21,977,000 after buying an additional 6,657 shares in the last quarter. 76.69% of the stock is owned by hedge funds and other institutional investors.
In related news, Chairman Ian M. Cook sold 16,000 shares of Colgate-Palmolive stock in a transaction on Monday, November 25th. The shares were sold at an average price of $66.70, for a total transaction of $1,067,200.00. Following the sale, the chairman now directly owns 1,099,361 shares in the company, valued at approximately $73,327,378.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Ian M. Cook sold 17,750 shares of Colgate-Palmolive stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $68.30, for a total transaction of $1,212,325.00. Following the sale, the chairman now owns 995,075 shares in the company, valued at $67,963,622.50. The disclosure for this sale can be found here. Insiders have sold a total of 67,500 shares of company stock worth $4,569,293 over the last quarter. 1.14% of the stock is owned by company insiders.
Shares of CL opened at $70.80 on Thursday. Colgate-Palmolive has a twelve month low of $60.96 and a twelve month high of $76.41. The firm’s fifty day simple moving average is $68.57 and its 200-day simple moving average is $70.35. The firm has a market capitalization of $60.24 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 5.45 and a beta of 0.71. The company has a current ratio of 1.03, a quick ratio of 0.70 and a debt-to-equity ratio of 43.94.
Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.01. Colgate-Palmolive had a net margin of 15.04% and a return on equity of 6,492.71%. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.95 billion. During the same period last year, the business earned $0.72 EPS. The company’s revenue was up 2.2% on a year-over-year basis. On average, analysts predict that Colgate-Palmolive will post 2.83 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 23rd will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.72 annualized dividend and a yield of 2.43%. Colgate-Palmolive’s dividend payout ratio is currently 57.91%.
CL has been the topic of a number of analyst reports. ValuEngine upgraded shares of Colgate-Palmolive from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. reduced their price objective on shares of Colgate-Palmolive from $78.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Morgan Stanley set a $71.00 price objective on shares of Colgate-Palmolive and gave the company a “hold” rating in a report on Monday, November 4th. Zacks Investment Research lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating and set a $70.00 price objective on the stock. in a report on Monday, November 4th. Finally, Deutsche Bank raised their price objective on shares of Colgate-Palmolive from $72.00 to $73.00 and gave the company a “hold” rating in a report on Thursday, December 12th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $72.85.
Colgate-Palmolive Company Profile
Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. It offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; and personal care products, such as liquid hand soaps, bar soaps, shower gels, deodorants and antiperspirants, skin care products, and shampoos and conditioners.
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