CIBC World Markets Inc. lowered its stake in Colgate-Palmolive Company (NYSE:CL) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 74,672 shares of the company’s stock after selling 7,755 shares during the period. CIBC World Markets Inc.’s holdings in Colgate-Palmolive were worth $5,465,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of CL. Loomis Sayles & Co. L P increased its stake in Colgate-Palmolive by 0.6% in the fourth quarter. Loomis Sayles & Co. L P now owns 19,610 shares of the company’s stock valued at $1,284,000 after buying an additional 119 shares in the last quarter. Wallace Capital Management Inc. increased its stake in Colgate-Palmolive by 4.0% in the fourth quarter. Wallace Capital Management Inc. now owns 19,968 shares of the company’s stock valued at $1,307,000 after buying an additional 770 shares in the last quarter. Two Sigma Investments LP increased its stake in Colgate-Palmolive by 56.8% in the fourth quarter. Two Sigma Investments LP now owns 2,341,961 shares of the company’s stock valued at $153,258,000 after buying an additional 848,702 shares in the last quarter. SRS Capital Advisors Inc. acquired a new stake in Colgate-Palmolive during the fourth quarter valued at about $132,000. Finally, Quest Investment Management Inc. OR increased its stake in Colgate-Palmolive by 10.5% in the fourth quarter. Quest Investment Management Inc. OR now owns 76,609 shares of the company’s stock valued at $5,013,000 after buying an additional 7,292 shares in the last quarter. Institutional investors own 73.50% of the company’s stock.

Colgate-Palmolive Company (NYSE:CL) opened at 72.59 on Tuesday. The company has a market capitalization of $64.12 billion, a P/E ratio of 26.20 and a beta of 0.81. The company’s 50-day moving average price is $75.25 and its 200-day moving average price is $71.52. Colgate-Palmolive Company has a 52 week low of $63.43 and a 52 week high of $77.27.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. Colgate-Palmolive had a return on equity of 3,725.55% and a net margin of 16.31%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.80 billion. During the same period in the prior year, the firm posted $0.63 EPS. Colgate-Palmolive’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities analysts forecast that Colgate-Palmolive Company will post $2.93 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 18th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, July 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.20%. Colgate-Palmolive’s payout ratio is presently 57.76%.

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Several research firms have issued reports on CL. Bank of America Corporation lifted their price objective on Colgate-Palmolive from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. BidaskClub downgraded Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Vetr downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating and set a $76.67 price target for the company. in a report on Wednesday, May 17th. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 price target on shares of Colgate-Palmolive in a report on Thursday, May 25th. Finally, Jefferies Group LLC began coverage on Colgate-Palmolive in a report on Tuesday, April 18th. They issued a “hold” rating and a $78.00 price target for the company. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $75.69.

In other news, Director Richard J. Kogan sold 8,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $71.92, for a total value of $575,360.00. Following the completion of the transaction, the director now directly owns 73,065 shares of the company’s stock, valued at approximately $5,254,834.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP John J. Huston sold 14,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $71.53, for a total value of $1,001,420.00. Following the completion of the transaction, the senior vice president now directly owns 102,838 shares of the company’s stock, valued at $7,356,002.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,833 shares of company stock valued at $1,866,823. 1.02% of the stock is currently owned by insiders.

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

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