Barrett Asset Management LLC continued to hold its position in shares of Colgate-Palmolive Company (NYSE:CL) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,699 shares of the company’s stock at the end of the second quarter. Barrett Asset Management LLC’s holdings in Colgate-Palmolive were worth $1,016,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the company. American Beacon Advisors Inc. bought a new stake in Colgate-Palmolive in the first quarter valued at approximately $102,000. Proficio Capital Partners LLC boosted its holdings in Colgate-Palmolive by 16.9% in the first quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock valued at $107,000 after acquiring an additional 207 shares during the last quarter. OLD Second National Bank of Aurora bought a new stake in Colgate-Palmolive in the second quarter valued at approximately $109,000. Harbour Capital Advisors LLC bought a new stake in Colgate-Palmolive in the first quarter valued at approximately $121,000. Finally, Hanson & Doremus Investment Management boosted its holdings in Colgate-Palmolive by 4.5% in the second quarter. Hanson & Doremus Investment Management now owns 1,630 shares of the company’s stock valued at $121,000 after acquiring an additional 70 shares during the last quarter. 73.09% of the stock is owned by institutional investors.
Several analysts recently commented on CL shares. Zacks Investment Research upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Tuesday, July 4th. Morgan Stanley upgraded Colgate-Palmolive from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $84.00 in a report on Monday, September 25th. Jefferies Group LLC increased their price target on Colgate-Palmolive from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, July 6th. BidaskClub cut Colgate-Palmolive from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Colgate-Palmolive in a report on Monday, July 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $76.31.
Shares of Colgate-Palmolive Company (CL) opened at 72.72 on Monday. The company has a 50-day moving average price of $71.99 and a 200-day moving average price of $73.17. The stock has a market capitalization of $64.05 billion, a price-to-earnings ratio of 27.02 and a beta of 0.81. Colgate-Palmolive Company has a 52-week low of $63.43 and a 52-week high of $77.27.
Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, July 21st. The company reported $0.72 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the company posted $0.70 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts anticipate that Colgate-Palmolive Company will post $2.89 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, October 23rd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, October 20th. Colgate-Palmolive’s dividend payout ratio (DPR) is 59.48%.
In other news, insider Patricia Verduin sold 3,833 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $71.45, for a total value of $273,867.85. Following the completion of the transaction, the insider now owns 53,173 shares in the company, valued at $3,799,210.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John J. Huston sold 14,000 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $71.36, for a total value of $999,040.00. Following the completion of the transaction, the senior vice president now owns 88,598 shares of the company’s stock, valued at approximately $6,322,353.28. The disclosure for this sale can be found here. Insiders sold 217,969 shares of company stock worth $15,693,933 over the last three months. Corporate insiders own 1.02% of the company’s stock.
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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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