Griffin Asset Management Inc. boosted its stake in shares of Colgate-Palmolive (NYSE:CL) by 105.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,410 shares of the company’s stock after acquiring an additional 11,010 shares during the period. Griffin Asset Management Inc.’s holdings in Colgate-Palmolive were worth $1,560,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of CL. Blue Chip Partners Inc. grew its stake in shares of Colgate-Palmolive by 0.4% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,813 shares of the company’s stock worth $134,000 after buying an additional 8 shares in the last quarter. AlphaMark Advisors LLC grew its stake in shares of Colgate-Palmolive by 1.5% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,698 shares of the company’s stock worth $126,000 after buying an additional 25 shares in the last quarter. Weatherstone Capital Management grew its stake in shares of Colgate-Palmolive by 0.7% in the 2nd quarter. Weatherstone Capital Management now owns 4,069 shares of the company’s stock worth $302,000 after buying an additional 28 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Colgate-Palmolive by 0.6% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 5,642 shares of the company’s stock worth $419,000 after buying an additional 34 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. grew its stake in shares of Colgate-Palmolive by 0.5% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,028 shares of the company’s stock worth $521,000 after buying an additional 35 shares in the last quarter. 72.85% of the stock is owned by institutional investors.
In related news, insider Jennifer Daniels sold 902 shares of Colgate-Palmolive stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $75.82, for a total transaction of $68,389.64. Following the completion of the sale, the insider now owns 37,788 shares in the company, valued at approximately $2,865,086.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Henning I. Jakobsen sold 36,215 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $71.22, for a total transaction of $2,579,232.30. Following the completion of the sale, the vice president now owns 70,783 shares of the company’s stock, valued at approximately $5,041,165.26. The disclosure for this sale can be found here. Insiders have sold a total of 327,451 shares of company stock valued at $23,534,707 in the last quarter. 1.02% of the stock is currently owned by company insiders.
Colgate-Palmolive (CL) traded up $0.43 during mid-day trading on Monday, hitting $70.19. 3,455,658 shares of the company were exchanged, compared to its average volume of 4,330,000. Colgate-Palmolive has a 52-week low of $66.47 and a 52-week high of $77.91. The stock has a market cap of $61,630.00, a PE ratio of 30.79, a PEG ratio of 2.58 and a beta of 0.75. The company has a debt-to-equity ratio of 24.42, a quick ratio of 0.34 and a current ratio of 0.47.
Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, January 26th. The company reported $0.75 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.75. Colgate-Palmolive had a net margin of 13.10% and a return on equity of 1,716.69%. The company had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter last year, the business posted $0.75 EPS. The firm’s revenue for the quarter 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Tuesday, January 23rd will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, January 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.28%. Colgate-Palmolive’s payout ratio is 70.18%.
CL has been the subject of a number of recent research reports. Citigroup dropped their price objective on shares of Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Monday, October 23rd. KeyCorp reissued a “hold” rating on shares of Colgate-Palmolive in a research note on Saturday, November 25th. Macquarie raised shares of Colgate-Palmolive from a “neutral” rating to an “outperform” rating and set a $81.00 price objective for the company in a research note on Tuesday, December 19th. Finally, Stifel Nicolaus set a $73.00 price objective on shares of Colgate-Palmolive and gave the stock a “hold” rating in a research note on Sunday, October 29th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. Colgate-Palmolive has an average rating of “Hold” and a consensus target price of $77.71.
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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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