Cornerstone Capital Management Holdings LLC. grew its holdings in Colgate-Palmolive (NYSE:CL) by 8.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 184,481 shares of the company’s stock after buying an additional 14,309 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Colgate-Palmolive were worth $13,919,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Virtue Capital Management LLC acquired a new stake in shares of Colgate-Palmolive in the fourth quarter valued at approximately $104,000. Jacobi Capital Management LLC lifted its stake in shares of Colgate-Palmolive by 125.5% during the third quarter. Jacobi Capital Management LLC now owns 1,443 shares of the company’s stock valued at $104,000 after buying an additional 803 shares during the period. Krilogy Financial LLC lifted its stake in shares of Colgate-Palmolive by 23.0% during the second quarter. Krilogy Financial LLC now owns 1,547 shares of the company’s stock valued at $115,000 after buying an additional 289 shares during the period. Calton & Associates Inc. purchased a new position in shares of Colgate-Palmolive during the fourth quarter valued at approximately $126,000. Finally, Captrust Financial Advisors purchased a new position in shares of Colgate-Palmolive during the second quarter valued at approximately $122,000. Institutional investors and hedge funds own 73.67% of the company’s stock.
Several equities research analysts have recently issued reports on CL shares. BNP Paribas lowered shares of Colgate-Palmolive from an “outperform” rating to an “underperform” rating in a research report on Tuesday, January 30th. Zacks Investment Research lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Deutsche Bank began coverage on shares of Colgate-Palmolive in a report on Wednesday, December 13th. They set a “hold” rating and a $75.00 price target for the company. Citigroup raised their price objective on shares of Colgate-Palmolive from $75.00 to $80.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Finally, 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 report on Tuesday, December 19th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $77.76.
Shares of CL stock traded down $0.17 during midday trading on Friday, reaching $71.64. 2,922,554 shares of the company were exchanged, compared to its average volume of 3,688,603. Colgate-Palmolive has a 12 month low of $67.86 and a 12 month high of $77.91. The company has a market capitalization of $62,708.43, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 2.65 and a beta of 0.74. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 27.02.
Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, January 26th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.75. The company had revenue of $3.89 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Colgate-Palmolive had a net margin of 13.10% and a return on equity of 1,716.69%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. equities research analysts predict that Colgate-Palmolive will post 3.18 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Friday, April 20th will be paid a $0.42 dividend. The ex-dividend date is Thursday, April 19th. This represents a $1.68 annualized dividend and a dividend yield of 2.35%. This is a boost from Colgate-Palmolive’s previous quarterly dividend of $0.40. Colgate-Palmolive’s payout ratio is currently 55.75%.
In other news, insider Daniel B. Marsili sold 5,692 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $70.19, for a total value of $399,521.48. Following the completion of the sale, the insider now directly owns 41,677 shares in the company, valued at $2,925,308.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Dennis J. Hickey sold 5,651 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $70.18, for a total transaction of $396,587.18. Following the transaction, the chief financial officer now directly owns 413,221 shares in the company, valued at approximately $28,999,849.78. The disclosure for this sale can be found here. Insiders sold a total of 455,707 shares of company stock worth $32,443,427 in the last ninety days. Corporate insiders own 1.02% of the company’s stock.
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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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