Colgate-Palmolive (CL) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in Colgate-Palmolive (NYSE:CL) by 32.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,636 shares of the company’s stock after selling 33,987 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Colgate-Palmolive were worth $5,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trexquant Investment LP raised its holdings in shares of Colgate-Palmolive by 68.4% in the third quarter. Trexquant Investment LP now owns 14,149 shares of the company’s stock valued at $1,031,000 after buying an additional 5,749 shares during the last quarter. Hugh Johnson Advisors LLC raised its holdings in shares of Colgate-Palmolive by 60.4% in the third quarter. Hugh Johnson Advisors LLC now owns 10,355 shares of the company’s stock valued at $754,000 after buying an additional 3,899 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Colgate-Palmolive by 3.6% in the third quarter. Legal & General Group Plc now owns 4,546,200 shares of the company’s stock valued at $331,193,000 after buying an additional 155,883 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Colgate-Palmolive by 14.4% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 2,357,634 shares of the company’s stock valued at $171,753,000 after buying an additional 296,438 shares during the last quarter. Finally, Boston Research & Management Inc. raised its holdings in shares of Colgate-Palmolive by 1.6% in the third quarter. Boston Research & Management Inc. now owns 47,628 shares of the company’s stock valued at $3,469,000 after buying an additional 738 shares during the last quarter. Institutional investors own 72.83% of the company’s stock.

In other Colgate-Palmolive news, insider Jennifer Daniels sold 7,375 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $73.18, for a total value of $539,702.50. Following the completion of the transaction, the insider now directly owns 38,691 shares of the company’s stock, valued at $2,831,407.38. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephen I. Sadove sold 20,780 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $70.52, for a total transaction of $1,465,405.60. Following the completion of the transaction, the director now directly owns 36,268 shares of the company’s stock, valued at $2,557,619.36. The disclosure for this sale can be found here. Insiders have sold 181,048 shares of company stock valued at $13,168,995 over the last three months. 1.02% of the stock is currently owned by corporate insiders.

Colgate-Palmolive (NYSE CL) opened at $75.64 on Wednesday. The stock has a market cap of $66,420.00, a PE ratio of 29.20, a P/E/G ratio of 3.21 and a beta of 0.81. Colgate-Palmolive has a 1-year low of $63.43 and a 1-year high of $77.27. The company has a current ratio of 1.23, a quick ratio of 0.92 and a debt-to-equity ratio of 24.42.

Colgate-Palmolive (NYSE:CL) last posted its quarterly 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. 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 firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 earnings per share. analysts predict that Colgate-Palmolive will post 2.88 EPS for the current fiscal year.

CL has been the subject of a number of research reports. Zacks Investment Research raised shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a report on Monday, October 23rd. Deutsche Bank initiated coverage on shares of Colgate-Palmolive in a report on Wednesday, December 13th. They issued a “hold” rating and a $75.00 target price for the company. Morgan Stanley raised shares of Colgate-Palmolive from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $75.00 to $84.00 in a report on Monday, September 25th. KeyCorp reaffirmed a “hold” rating on shares of Colgate-Palmolive in a report on Monday, October 16th. Finally, Stifel Nicolaus set a $73.00 target price on shares of Colgate-Palmolive and gave the company a “hold” rating in a report on Sunday, October 29th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $76.51.

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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.

Institutional Ownership by Quarter for Colgate-Palmolive (NYSE:CL)

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