Financial Counselors Inc. cut its holdings in shares of Colgate-Palmolive Company (NYSE:CL) by 6.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,139 shares of the company’s stock after selling 2,601 shares during the period. Financial Counselors Inc.’s holdings in Colgate-Palmolive were worth $2,679,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. First Eagle Investment Management LLC grew its stake in Colgate-Palmolive by 2.3% in the second quarter. First Eagle Investment Management LLC now owns 4,891,131 shares of the company’s stock worth $362,580,000 after purchasing an additional 108,850 shares during the period. TIAA CREF Investment Management LLC grew its stake in Colgate-Palmolive by 84.2% in the first quarter. TIAA CREF Investment Management LLC now owns 4,554,989 shares of the company’s stock worth $333,380,000 after purchasing an additional 2,082,262 shares during the period. Legal & General Group Plc grew its stake in Colgate-Palmolive by 2.2% in the second quarter. Legal & General Group Plc now owns 4,390,317 shares of the company’s stock worth $325,461,000 after purchasing an additional 96,427 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Colgate-Palmolive by 1.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,474,194 shares of the company’s stock worth $254,277,000 after purchasing an additional 39,843 shares during the period. Finally, Eaton Vance Management grew its stake in Colgate-Palmolive by 11.0% in the second quarter. Eaton Vance Management now owns 3,275,939 shares of the company’s stock worth $242,845,000 after purchasing an additional 325,072 shares during the period. 73.87% of the stock is currently owned by hedge funds and other institutional investors.
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A number of equities research analysts have recently commented on CL shares. Zacks Investment Research raised Colgate-Palmolive from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Citigroup Inc. cut their target price on Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Morgan Stanley cut their target price on Colgate-Palmolive from $84.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 31st. Jefferies Group LLC cut their target price on Colgate-Palmolive from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Monday, October 30th. Finally, Stifel Nicolaus set a $73.00 target price on Colgate-Palmolive and gave the stock a “hold” rating in a research note on Sunday, October 29th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $76.67.
Shares of Colgate-Palmolive Company (CL) opened at $73.21 on Monday. 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 Company has a 1 year low of $63.43 and a 1 year high of $77.27. The stock has a market capitalization of $64,286.08, a PE ratio of 25.51, a P/E/G ratio of 3.35 and a beta of 0.80.
Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, October 27th. The company reported $0.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.73. Colgate-Palmolive had a return on equity of 2,782.56% and a net margin of 15.10%. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter last year, the business posted $0.73 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. analysts forecast that Colgate-Palmolive Company will post 2.88 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Monday, October 23rd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Friday, October 20th. Colgate-Palmolive’s dividend payout ratio is currently 61.78%.
In other Colgate-Palmolive news, insider Patricia Verduin sold 3,833 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $71.45, for a total transaction of $273,867.85. Following the completion of the transaction, the insider now owns 53,173 shares in the company, valued at approximately $3,799,210.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen I. Sadove sold 20,780 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $70.52, for a total value of $1,465,405.60. Following the transaction, the director now owns 36,268 shares of the company’s stock, valued at approximately $2,557,619.36. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.
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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