Searle & CO. Holds Stake in Colgate-Palmolive Company (CL)
Searle & CO. continued to hold its stake in shares of Colgate-Palmolive Company (NYSE:CL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,000 shares of the company’s stock at the end of the first quarter. Searle & CO.’s holdings in Colgate-Palmolive Company were worth $1,244,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in CL. Commerzbank Aktiengesellschaft FI raised its position in Colgate-Palmolive Company by 20.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 204,858 shares of the company’s stock valued at $13,406,000 after buying an additional 35,233 shares during the last quarter. National Planning Corp raised its position in Colgate-Palmolive Company by 5.6% in the fourth quarter. National Planning Corp now owns 10,523 shares of the company’s stock valued at $691,000 after buying an additional 558 shares during the last quarter. Lincoln Capital LLC raised its position in Colgate-Palmolive Company by 2.1% in the fourth quarter. Lincoln Capital LLC now owns 11,073 shares of the company’s stock valued at $725,000 after buying an additional 223 shares during the last quarter. Northcape Capital Pty Ltd purchased a new position in Colgate-Palmolive Company during the fourth quarter valued at $35,066,000. Finally, ZWJ Investment Counsel Inc. raised its position in Colgate-Palmolive Company by 3.2% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 4,830 shares of the company’s stock valued at $316,000 after buying an additional 150 shares during the last quarter. 74.12% of the stock is owned by institutional investors.
Shares of Colgate-Palmolive Company (CL) opened at 76.90 on Tuesday. The stock has a market capitalization of $67.93 billion, a P/E ratio of 27.75 and a beta of 0.82. The firm has a 50 day moving average of $74.36 and a 200-day moving average of $71.01. Colgate-Palmolive Company has a 12 month low of $63.43 and a 12 month high of $77.27.
Colgate-Palmolive Company (NYSE:CL) last issued its quarterly earnings results on Friday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.80 billion. Colgate-Palmolive Company had a net margin of 16.31% and a return on equity of 3,725.55%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Analysts forecast that Colgate-Palmolive Company will post $2.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, July 18th will be paid a $0.40 dividend. The ex-dividend date is Friday, July 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. Colgate-Palmolive Company’s dividend payout ratio (DPR) is presently 57.76%.
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Several equities analysts have weighed in on CL shares. Zacks Investment Research upgraded shares of Colgate-Palmolive Company from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Friday, April 7th. Bank of America Corporation boosted their target price on shares of Colgate-Palmolive Company from $78.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, May 31st. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 target price on shares of Colgate-Palmolive Company in a report on Thursday, March 23rd. Finally, Jefferies Group LLC began coverage on shares of Colgate-Palmolive Company in a report on Tuesday, April 18th. They issued a “hold” rating and a $78.00 target price on the stock. Fourteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Colgate-Palmolive Company has an average rating of “Hold” and an average price target of $75.41.
In other Colgate-Palmolive Company news, VP Daniel B. Marsili sold 14,000 shares of the business’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $73.97, for a total transaction of $1,035,580.00. Following the completion of the sale, the vice president now owns 73,904 shares in the company, valued at $5,466,678.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard J. Kogan sold 8,000 shares of the business’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $71.92, for a total transaction of $575,360.00. Following the sale, the director now owns 73,065 shares of the company’s stock, valued at approximately $5,254,834.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,666 shares of company stock valued at $3,184,972. Insiders own 1.02% of the company’s stock.
About Colgate-Palmolive Company
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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