Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in Colgate-Palmolive (NYSE:CL) by 32.2% in the third quarter, according to its most recent disclosure 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 quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Colgate-Palmolive were worth $5,219,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of CL. Trexquant Investment LP boosted its stake 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 worth $1,031,000 after acquiring an additional 5,749 shares during the last quarter. Hugh Johnson Advisors LLC boosted its stake 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 worth $754,000 after acquiring an additional 3,899 shares during the last quarter. Legal & General Group Plc boosted its stake 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 worth $331,193,000 after acquiring an additional 155,883 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its stake 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 worth $171,753,000 after acquiring an additional 296,438 shares during the last quarter. Finally, Boston Research & Management Inc. boosted its stake 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 worth $3,469,000 after acquiring an additional 738 shares during the last quarter. Institutional investors and hedge funds own 72.96% of the company’s stock.
Colgate-Palmolive (CL) traded down $0.91 during midday trading on Thursday, reaching $73.33. The company’s stock had a trading volume of 3,895,516 shares, compared to its average volume of 3,670,000. Colgate-Palmolive has a one year low of $64.43 and a one year high of $77.91. The firm has a market capitalization of $64,390.00, a price-to-earnings ratio of 32.16, a P/E/G ratio of 2.76 and a beta of 0.81. The company has a debt-to-equity ratio of 24.42, a current ratio of 0.47 and a quick ratio of 0.34.
Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, January 26th. The company reported $0.75 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.75. Colgate-Palmolive had a return on equity of 1,716.69% and a net margin of 13.10%. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the company posted $0.75 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis. equities research analysts predict that Colgate-Palmolive will post 3.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Tuesday, January 23rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Monday, January 22nd. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 70.18%.
A number of analysts have recently issued reports on CL shares. BNP Paribas lowered Colgate-Palmolive from an “outperform” rating to an “underperform” rating in a research note on Tuesday. Morgan Stanley lowered their price target on Colgate-Palmolive from $84.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 31st. Zacks Investment Research lowered Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. KeyCorp reissued a “hold” rating on shares of Colgate-Palmolive in a research note on Monday, October 16th. Finally, Jefferies Group lowered their price objective on Colgate-Palmolive from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Monday, October 30th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $77.48.
In related news, Director Stephen I. Sadove sold 20,780 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $70.52, for a total value of $1,465,405.60. Following the sale, the director now owns 36,268 shares in the company, valued at approximately $2,557,619.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Justin Skala sold 126,393 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $72.97, for a total value of $9,222,897.21. Following the completion of the sale, the chief operating officer now owns 262,361 shares in the company, valued at approximately $19,144,482.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 181,950 shares of company stock worth $13,237,385. 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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