Colgate-Palmolive (CL) Holdings Reduced by Natixis

Natixis lowered its holdings in Colgate-Palmolive (NYSE:CL) by 37.1% during the first quarter, HoldingsChannel reports. The firm owned 308,830 shares of the company’s stock after selling 182,500 shares during the period. Natixis’ holdings in Colgate-Palmolive were worth $22,008,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Elkhorn Investments LLC boosted its stake in Colgate-Palmolive by 4.5% in the fourth quarter. Elkhorn Investments LLC now owns 17,429 shares of the company’s stock worth $1,246,000 after purchasing an additional 743 shares in the last quarter. Gamble Jones Investment Counsel lifted its stake in shares of Colgate-Palmolive by 3.0% during the fourth quarter. Gamble Jones Investment Counsel now owns 26,257 shares of the company’s stock valued at $1,981,000 after acquiring an additional 761 shares during the period. CHICAGO TRUST Co NA lifted its stake in shares of Colgate-Palmolive by 24.5% during the first quarter. CHICAGO TRUST Co NA now owns 4,114 shares of the company’s stock valued at $295,000 after acquiring an additional 810 shares during the period. Salem Investment Counselors Inc. lifted its stake in shares of Colgate-Palmolive by 0.8% during the fourth quarter. Salem Investment Counselors Inc. now owns 101,315 shares of the company’s stock valued at $7,644,000 after acquiring an additional 820 shares during the period. Finally, Global X Management Co. LLC lifted its stake in shares of Colgate-Palmolive by 7.2% during the first quarter. Global X Management Co. LLC now owns 12,371 shares of the company’s stock valued at $887,000 after acquiring an additional 829 shares during the period. 73.23% of the stock is currently owned by institutional investors.

In other Colgate-Palmolive news, Vice Chairman Franck J. Moison sold 80,000 shares of the stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $61.75, for a total value of $4,940,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel B. Marsili sold 19,500 shares of the stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $71.85, for a total value of $1,401,075.00. Following the completion of the sale, the insider now owns 77,935 shares of the company’s stock, valued at $5,599,629.75. The disclosure for this sale can be found here. Insiders sold 142,079 shares of company stock valued at $8,981,683 over the last 90 days. Corporate insiders own 1.02% of the company’s stock.

Several brokerages have recently issued reports on CL. Barclays set a $75.00 price target on Colgate-Palmolive and gave the company a “hold” rating in a research note on Thursday, March 15th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $72.00 price target on shares of Colgate-Palmolive in a research note on Thursday, May 24th. Argus raised Colgate-Palmolive from a “hold” rating to a “buy” rating in a research note on Friday, May 25th. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “hold” rating and set a $75.00 price target on shares of Colgate-Palmolive in a research note on Wednesday, April 18th. Finally, Zacks Investment Research raised Colgate-Palmolive from a “sell” rating to a “hold” rating in a research note on Tuesday, April 17th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $76.08.

Colgate-Palmolive opened at $63.31 on Friday, MarketBeat reports. Colgate-Palmolive has a 1-year low of $61.28 and a 1-year high of $77.91. The company has a current ratio of 1.08, a quick ratio of 0.75 and a debt-to-equity ratio of 64.85. The stock has a market capitalization of $55.01 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 2.55 and a beta of 0.75.

Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, April 27th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Colgate-Palmolive had a return on equity of 1,486.69% and a net margin of 13.30%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. research analysts anticipate that Colgate-Palmolive will post 3.15 EPS for the current year.

Colgate-Palmolive Profile

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. It operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. The company offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; personal care products comprising bar and liquid hand soaps, shower gels, shampoos, conditioners, and deodorants and antiperspirants; and home care products, such as laundry and dishwashing detergents, fabric conditioners, household cleaners, and other related products.

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Institutional Ownership by Quarter for Colgate-Palmolive (NYSE:CL)

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