Neuberger Berman Group LLC decreased its holdings in shares of Colgate-Palmolive (NYSE:CL) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 439,541 shares of the company’s stock after selling 2,874 shares during the quarter. Neuberger Berman Group LLC owned about 0.05% of Colgate-Palmolive worth $32,021,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Blue Chip Partners Inc. grew its stake in Colgate-Palmolive by 0.4% during the 2nd quarter. Blue Chip Partners Inc. now owns 1,813 shares of the company’s stock worth $134,000 after purchasing an additional 8 shares in the last quarter. AlphaMark Advisors LLC grew its stake in Colgate-Palmolive by 1.5% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,698 shares of the company’s stock worth $126,000 after purchasing an additional 25 shares in the last quarter. Weatherstone Capital Management grew its stake in Colgate-Palmolive by 0.7% during the 2nd quarter. Weatherstone Capital Management now owns 4,069 shares of the company’s stock worth $302,000 after purchasing an additional 28 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in Colgate-Palmolive by 0.6% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 5,642 shares of the company’s stock worth $419,000 after purchasing an additional 34 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. grew its stake in Colgate-Palmolive by 0.5% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,028 shares of the company’s stock worth $521,000 after purchasing an additional 35 shares in the last quarter. 72.85% of the stock is owned by institutional investors.
Colgate-Palmolive (CL) traded up $0.43 during trading on Monday, hitting $70.19. The stock had a trading volume of 3,457,558 shares, compared to its average volume of 4,330,000. Colgate-Palmolive has a fifty-two week low of $66.47 and a fifty-two week high of $77.91. The company has a debt-to-equity ratio of 24.42, a current ratio of 0.47 and a quick ratio of 0.34. The stock has a market cap of $61,630.00, a P/E ratio of 30.79, a P/E/G ratio of 2.58 and a beta of 0.75.
Colgate-Palmolive (NYSE:CL) last posted its earnings results on Friday, January 26th. The company reported $0.75 earnings per share 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 during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the business earned $0.75 EPS. The business’s quarterly revenue was up 4.6% on a year-over-year basis. sell-side analysts forecast that Colgate-Palmolive will post 3.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Tuesday, January 23rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Monday, January 22nd. Colgate-Palmolive’s dividend payout ratio is presently 70.18%.
In other Colgate-Palmolive news, VP Henning I. Jakobsen sold 36,215 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $71.22, for a total transaction of $2,579,232.30. Following the transaction, the vice president now owns 70,783 shares in the company, valued at approximately $5,041,165.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Franck J. Moison sold 142,979 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $70.09, for a total value of $10,021,398.11. Following the transaction, the insider now owns 224,027 shares in the company, valued at approximately $15,702,052.43. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 327,451 shares of company stock valued at $23,534,707. 1.02% of the stock is owned by company insiders.
Several research analysts recently commented on CL shares. Zacks Investment Research raised Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Monday, October 23rd. Deutsche Bank initiated coverage on Colgate-Palmolive in a report on Wednesday, December 13th. They set a “hold” rating and a $75.00 price target for the company. Jefferies Group decreased their price target on Colgate-Palmolive from $79.00 to $76.00 and set a “hold” rating for the company in a report on Monday, October 30th. Stifel Nicolaus set a $73.00 price target on Colgate-Palmolive and gave the stock a “hold” rating in a report on Sunday, October 29th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Colgate-Palmolive in a report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $77.71.
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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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