First Personal Financial Services increased its holdings in shares of Colgate-Palmolive Company (NYSE:CL) by 59.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,044 shares of the company’s stock after purchasing an additional 20,822 shares during the quarter. First Personal Financial Services’ holdings in Colgate-Palmolive were worth $4,155,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bridgewater Wealth & Financial Management LLC grew its position in Colgate-Palmolive by 1.6% in the second quarter. Bridgewater Wealth & Financial Management LLC now owns 9,224 shares of the company’s stock valued at $684,000 after acquiring an additional 149 shares in the last quarter. Hartland & Co. LLC grew its position in shares of Colgate-Palmolive by 5.4% during the second quarter. Hartland & Co. LLC now owns 22,110 shares of the company’s stock worth $1,639,000 after buying an additional 1,142 shares in the last quarter. Ballentine Partners LLC grew its position in shares of Colgate-Palmolive by 55.1% during the second quarter. Ballentine Partners LLC now owns 6,105 shares of the company’s stock worth $438,000 after buying an additional 2,168 shares in the last quarter. BARING ASSET MANAGEMENT Ltd grew its position in shares of Colgate-Palmolive by 13.4% during the second quarter. BARING ASSET MANAGEMENT Ltd now owns 34,192 shares of the company’s stock worth $2,534,000 after buying an additional 4,032 shares in the last quarter. Finally, Community Bank N.A. grew its position in shares of Colgate-Palmolive by 28.1% during the second quarter. Community Bank N.A. now owns 17,652 shares of the company’s stock worth $1,309,000 after buying an additional 3,876 shares in the last quarter. 73.02% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Dennis J. Hickey sold 73,872 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $71.80, for a total transaction of $5,304,009.60. Following the completion of the sale, the chief financial officer now directly owns 484,985 shares in the company, valued at $34,821,923. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Patricia Verduin sold 3,833 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $71.45, for a total transaction of $273,867.85. Following the sale, 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. Insiders have sold 131,762 shares of company stock worth $9,443,766 over the last ninety days. Insiders own 1.02% of the company’s stock.
CL has been the topic of several research analyst reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 target price on shares of Colgate-Palmolive in a research note on Friday, June 30th. Zacks Investment Research upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Tuesday, July 4th. Jefferies Group LLC lifted their price objective on shares of Colgate-Palmolive from $76.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, July 6th. BidaskClub cut shares of Colgate-Palmolive from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Colgate-Palmolive in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $76.79.
Colgate-Palmolive Company (NYSE CL) opened at 70.40 on Friday. Colgate-Palmolive Company has a 12 month low of $63.43 and a 12 month high of $77.27. The firm has a 50-day moving average price of $72.84 and a 200 day moving average price of $73.18. The company has a market capitalization of $62.01 billion, a P/E ratio of 26.16 and a beta of 0.81.
Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, October 27th. The company reported $0.73 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.73. The business had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.94 billion. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Analysts expect that Colgate-Palmolive Company will post $2.90 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Monday, October 23rd will be paid a $0.40 dividend. The ex-dividend date is Friday, October 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.27%. Colgate-Palmolive’s dividend payout ratio is presently 59.48%.
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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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