Everett Harris & Co. CA boosted its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,140,014 shares of the company’s stock after buying an additional 799 shares during the period. Colgate-Palmolive comprises 2.6% of Everett Harris & Co. CA’s investment portfolio, making the stock its 11th largest holding. Everett Harris & Co. CA owned about 0.13% of Colgate-Palmolive worth $84,509,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. American Beacon Advisors Inc. acquired a new position in shares of Colgate-Palmolive in the 1st quarter valued at about $102,000. Proficio Capital Partners LLC increased its holdings in shares of Colgate-Palmolive by 16.9% in the 1st quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock valued at $107,000 after purchasing an additional 207 shares during the period. OLD Second National Bank of Aurora acquired a new position in shares of Colgate-Palmolive in the 2nd quarter valued at about $109,000. Harbour Capital Advisors LLC acquired a new position in shares of Colgate-Palmolive in the 1st quarter valued at about $121,000. Finally, Hanson & Doremus Investment Management increased its holdings in shares of Colgate-Palmolive by 4.5% in the 2nd quarter. Hanson & Doremus Investment Management now owns 1,630 shares of the company’s stock valued at $121,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors own 73.09% of the company’s stock.
In other Colgate-Palmolive news, Vice Chairman Franck J. Moison sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $71.52, for a total value of $2,503,200.00. Following the completion of the transaction, the insider now directly owns 201,411 shares in the company, valued at $14,404,914.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Patricia Verduin sold 3,833 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were 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 of the company’s stock, valued at $3,799,210.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 214,136 shares of company stock valued at $15,416,385. Corporate insiders own 1.02% of the company’s stock.
Shares of Colgate-Palmolive Company (NYSE CL) opened at 74.44 on Thursday. Colgate-Palmolive Company has a 12 month low of $63.43 and a 12 month high of $77.27. The company has a market cap of $65.57 billion, a PE ratio of 27.66 and a beta of 0.81. The firm’s 50-day moving average price is $72.75 and its 200-day moving average price is $73.23.
Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Friday, July 21st. The company reported $0.72 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.72. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.89 billion. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. The business’s revenue was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.70 earnings per share. Equities analysts predict that Colgate-Palmolive Company will post $2.90 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, October 23rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. Colgate-Palmolive’s dividend payout ratio is 59.48%.
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A number of equities analysts have recently weighed in on CL shares. BidaskClub downgraded Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 target price on shares of Colgate-Palmolive in a report on Friday, June 30th. 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. Jefferies Group LLC upped their target price on Colgate-Palmolive from $76.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, July 6th. Finally, Wells Fargo & Company reiterated 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, fifteen have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $76.85.
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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