Curbstone Financial Management Corp lifted its holdings in Colgate-Palmolive (NYSE:CL) by 97.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,420 shares of the company’s stock after buying an additional 8,585 shares during the period. Curbstone Financial Management Corp’s holdings in Colgate-Palmolive were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Pacer Advisors Inc. increased its position in Colgate-Palmolive by 8.4% during the second quarter. Pacer Advisors Inc. now owns 20,224 shares of the company’s stock worth $1,499,000 after purchasing an additional 1,566 shares during the last quarter. Alliancebernstein L.P. increased its position in Colgate-Palmolive by 4.2% during the first quarter. Alliancebernstein L.P. now owns 1,899,356 shares of the company’s stock worth $139,014,000 after purchasing an additional 77,414 shares during the last quarter. Israel Discount Bank of New York acquired a new stake in Colgate-Palmolive during the first quarter worth about $1,349,000. Principal Financial Group Inc. increased its position in Colgate-Palmolive by 0.6% during the first quarter. Principal Financial Group Inc. now owns 1,271,008 shares of the company’s stock worth $93,025,000 after purchasing an additional 7,905 shares during the last quarter. Finally, Personal Capital Advisors Corp increased its position in Colgate-Palmolive by 5.8% during the second quarter. Personal Capital Advisors Corp now owns 394,028 shares of the company’s stock worth $29,209,000 after purchasing an additional 21,456 shares during the last quarter. 72.96% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CMO Mukul Deoras sold 7,500 shares of Colgate-Palmolive stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $73.28, for a total value of $549,600.00. Following the completion of the transaction, the chief marketing officer now owns 45,217 shares in the company, valued at $3,313,501.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Justin Skala sold 126,393 shares of Colgate-Palmolive stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $72.97, for a total transaction of $9,222,897.21. Following the completion of the transaction, the chief operating officer now owns 262,361 shares of the company’s stock, valued at approximately $19,144,482.17. The disclosure for this sale can be found here. Insiders sold 173,673 shares of company stock valued at $12,629,293 in the last 90 days. Company insiders own 1.02% of the company’s stock.
Shares of Colgate-Palmolive (NYSE CL) opened at $72.49 on Wednesday. Colgate-Palmolive has a 12-month low of $63.43 and a 12-month high of $77.27. The firm has a market cap of $64,250.96, a PE ratio of 25.50, a price-to-earnings-growth ratio of 3.35 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 quarterly earnings data on Friday, October 27th. The company reported $0.73 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.73. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Colgate-Palmolive had a net margin of 15.10% and a return on equity of 2,782.56%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 earnings per share. equities research analysts anticipate that Colgate-Palmolive will post 2.88 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Monday, October 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Friday, October 20th. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 61.78%.
Several equities research analysts recently issued reports on the stock. SunTrust Banks upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and raised their price objective for the stock from $65.00 to $85.00 in a research report 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 objective for the company. in a research report on Wednesday, November 29th. They noted that the move was a valuation call. Citigroup dropped their price target on shares of Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Stifel Nicolaus set a $73.00 price target on shares of Colgate-Palmolive and gave the company a “hold” rating in a research report on Sunday, October 29th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $74.00 price target on shares of Colgate-Palmolive in a research report on Sunday, October 8th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $76.04.
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Colgate-Palmolive Company Profile
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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