Glenmede Trust Co. NA lifted its holdings in shares of Colgate-Palmolive (NYSE:CL) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 949,022 shares of the company’s stock after purchasing an additional 42,977 shares during the quarter. Glenmede Trust Co. NA owned 0.11% of Colgate-Palmolive worth $71,602,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Renaissance Technologies LLC increased its stake in Colgate-Palmolive by 42.4% in 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 during the last quarter. APG Asset Management N.V. boosted its position in Colgate-Palmolive by 243.0% in 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 buying an additional 2,884,100 shares in the last quarter. Harding Loevner LP boosted its position in Colgate-Palmolive by 92.0% in the third quarter. Harding Loevner LP now owns 4,742,752 shares of the company’s stock valued at $176,329,000 after buying an additional 2,272,675 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Colgate-Palmolive by 35.8% in the third quarter. First Eagle Investment Management LLC now owns 6,641,548 shares of the company’s stock valued at $483,837,000 after buying an additional 1,750,417 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Colgate-Palmolive by 2.4% in the second quarter. Vanguard Group Inc. now owns 67,875,384 shares of the company’s stock valued at $5,031,602,000 after buying an additional 1,621,392 shares in the last quarter. 73.67% of the stock is currently owned by institutional investors.
In other Colgate-Palmolive news, VP Henning I. Jakobsen sold 36,215 shares of Colgate-Palmolive stock in a transaction on Monday, February 5th. The shares were sold at an average price of $71.22, for a total value of $2,579,232.30. Following the completion of the sale, the vice president now directly owns 70,783 shares of the company’s stock, valued at $5,041,165.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP John J. Huston sold 14,000 shares of Colgate-Palmolive stock in a transaction on Friday, February 9th. The shares were sold at an average price of $69.44, for a total transaction of $972,160.00. Following the completion of the sale, the senior vice president now directly owns 100,508 shares of the company’s stock, valued at $6,979,275.52. The disclosure for this sale can be found here. Insiders have sold 455,707 shares of company stock valued at $32,443,427 in the last three months. 1.02% of the stock is owned by insiders.
Shares of NYSE:CL traded down $0.17 during mid-day trading on Friday, reaching $71.64. 2,922,554 shares of the company’s stock were exchanged, compared to its average volume of 3,688,603. Colgate-Palmolive has a twelve month low of $67.86 and a twelve month high of $77.91. The firm has a market cap of $62,857.21, a PE ratio of 24.96, a price-to-earnings-growth ratio of 2.66 and a beta of 0.74. The company has a debt-to-equity ratio of 27.02, a quick ratio of 1.00 and a current ratio of 1.36.
Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, January 26th. The company reported $0.75 earnings per share for the quarter, hitting 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 business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the firm earned $0.75 earnings per share. Colgate-Palmolive’s quarterly revenue was up 4.6% on a year-over-year basis. sell-side analysts forecast that Colgate-Palmolive will post 3.18 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Friday, April 20th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, April 19th. This is an increase from Colgate-Palmolive’s previous quarterly dividend of $0.40. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 55.75%.
CL has been the topic of a number of research analyst reports. Deutsche Bank initiated coverage on shares of Colgate-Palmolive in a research report on Wednesday, December 13th. They issued a “hold” rating and a $75.00 target price on the stock. Zacks Investment Research lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. Macquarie upgraded shares of Colgate-Palmolive from a “neutral” rating to an “outperform” rating and set a $81.00 target price on the stock in a research report on Tuesday, December 19th. Jefferies Group restated a “hold” rating and issued a $79.00 target price on shares of Colgate-Palmolive in a research report on Friday, January 26th. Finally, BNP Paribas lowered shares of Colgate-Palmolive from an “outperform” rating to an “underperform” rating in a research report on Tuesday, January 30th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Colgate-Palmolive has a consensus rating of “Hold” and an average target price of $77.76.
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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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