Public Employees Retirement System of Ohio increased its stake in Colgate-Palmolive (NYSE:CL) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 596,651 shares of the company’s stock after acquiring an additional 2,200 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.07% of Colgate-Palmolive worth $43,466,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Pacer Advisors Inc. boosted its holdings in Colgate-Palmolive by 8.4% in the second quarter. Pacer Advisors Inc. now owns 20,224 shares of the company’s stock worth $1,499,000 after purchasing an additional 1,566 shares during the period. Point72 Asset Management L.P. acquired a new position in Colgate-Palmolive in the third quarter worth $1,814,000. Fiduciary Trust Co. boosted its holdings in shares of Colgate-Palmolive by 1.6% during the second quarter. Fiduciary Trust Co. now owns 170,818 shares of the company’s stock valued at $12,663,000 after acquiring an additional 2,758 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Colgate-Palmolive by 10.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,131,987 shares of the company’s stock valued at $83,914,000 after acquiring an additional 105,878 shares during the period. Finally, Pensionfund DSM Netherlands acquired a new position in shares of Colgate-Palmolive during the third quarter valued at $4,225,000. Hedge funds and other institutional investors own 72.85% of the company’s stock.
In related news, insider Mukul Deoras sold 7,150 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $70.03, for a total value of $500,714.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jennifer Daniels sold 7,375 shares of the company’s stock in a transaction on 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 owns 38,691 shares of the company’s stock, valued at $2,831,407.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 414,019 shares of company stock valued at $29,541,377. Corporate insiders own 1.02% of the company’s stock.
Several brokerages have recently issued reports on CL. Zacks Investment Research downgraded shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Macquarie upgraded shares of Colgate-Palmolive from a “neutral” rating to an “outperform” rating and set a $81.00 price objective on the stock in a research note on Tuesday, December 19th. BNP Paribas cut shares of Colgate-Palmolive from an “outperform” rating to an “underperform” rating in a research report on Tuesday, January 30th. Citigroup boosted their price target on shares of Colgate-Palmolive from $75.00 to $80.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Finally, Deutsche Bank began coverage on shares of Colgate-Palmolive in a research report on Wednesday, December 13th. They issued a “hold” rating and a $75.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $77.71.
Shares of Colgate-Palmolive (NYSE:CL) traded down $0.68 during midday trading on Wednesday, hitting $69.62. The company had a trading volume of 3,579,222 shares, compared to its average volume of 4,450,000. The company has a market cap of $61,130.00, a PE ratio of 30.54, a price-to-earnings-growth ratio of 2.60 and a beta of 0.75. The company has a current ratio of 0.47, a quick ratio of 0.34 and a debt-to-equity ratio of 24.42. Colgate-Palmolive has a 1-year low of $67.19 and a 1-year high of $77.91.
Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, January 26th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Colgate-Palmolive had a return on equity of 1,716.69% and a net margin of 13.10%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. analysts predict that Colgate-Palmolive will post 3.18 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Tuesday, January 23rd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, January 22nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.30%. Colgate-Palmolive’s payout ratio is currently 70.18%.
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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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