Victory Capital Management Inc. increased its holdings in Colgate-Palmolive (NYSE:CL) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,650 shares of the company’s stock after acquiring an additional 1,800 shares during the quarter. Victory Capital Management Inc.’s holdings in Colgate-Palmolive were worth $4,200,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in CL. Renaissance Technologies LLC increased its holdings in shares of Colgate-Palmolive by 42.4% during the second quarter. Renaissance Technologies LLC now owns 9,753,400 shares of the company’s stock valued at $723,020,000 after acquiring an additional 2,903,800 shares in the last quarter. APG Asset Management N.V. increased its holdings in shares of Colgate-Palmolive by 243.0% during the third quarter. APG Asset Management N.V. now owns 4,070,784 shares of the company’s stock valued at $296,557,000 after acquiring an additional 2,884,100 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Colgate-Palmolive by 84.2% during the first quarter. TIAA CREF Investment Management LLC now owns 4,554,989 shares of the company’s stock valued at $333,380,000 after acquiring an additional 2,082,262 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Colgate-Palmolive by 2.4% during the second quarter. Vanguard Group Inc. now owns 67,875,384 shares of the company’s stock valued at $5,031,602,000 after acquiring an additional 1,621,392 shares in the last quarter. Finally, Swedbank bought a new position in shares of Colgate-Palmolive during the third quarter valued at $102,014,000. 72.83% of the stock is owned by institutional investors.
Shares of Colgate-Palmolive (NYSE:CL) traded up $0.07 on Friday, hitting $74.62. The stock had a trading volume of 2,338,181 shares, compared to its average volume of 3,030,000. The stock has a market cap of $65,520.00, a PE ratio of 28.81, a price-to-earnings-growth ratio of 3.15 and a beta of 0.81. Colgate-Palmolive has a twelve month low of $63.43 and a twelve month high of $77.27. The company has a quick ratio of 0.92, a current ratio of 1.23 and a debt-to-equity ratio of 24.42.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.73 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 2,782.56% and a net margin of 15.10%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. analysts expect that Colgate-Palmolive will post 2.88 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Tuesday, January 23rd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.14%. Colgate-Palmolive’s dividend payout ratio is currently 61.78%.
In other Colgate-Palmolive news, insider Jennifer Daniels sold 902 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $75.82, for a total value of $68,389.64. Following the transaction, the insider now owns 37,788 shares of the company’s stock, valued at approximately $2,865,086.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Mukul Deoras sold 7,500 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $73.28, for a total value of $549,600.00. Following the sale, the chief marketing officer now owns 45,217 shares of the company’s stock, valued at $3,313,501.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 181,950 shares of company stock worth $13,237,385. Corporate insiders own 1.02% of the company’s stock.
Several equities research analysts recently commented on CL shares. Zacks Investment Research upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Monday, October 23rd. Deutsche Bank started coverage on Colgate-Palmolive in a report on Wednesday, December 13th. They issued a “hold” rating and a $75.00 price objective for the company. Morgan Stanley upgraded Colgate-Palmolive from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $75.00 to $84.00 in a report on Monday, September 25th. KeyCorp restated a “hold” rating on shares of Colgate-Palmolive in a research note on Monday, October 16th. Finally, Stifel Nicolaus set a $73.00 price target on Colgate-Palmolive and gave the company a “hold” rating in a research note on Sunday, October 29th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the stock. Colgate-Palmolive has an average rating of “Hold” and an average price target 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.
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