Asset Management One Co. Ltd. reduced its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 8.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,355,072 shares of the company’s stock after selling 131,388 shares during the period. Asset Management One Co. Ltd.’s holdings in Colgate-Palmolive were worth $99,180,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Swiss National Bank increased its position in Colgate-Palmolive by 22.2% in the first quarter. Swiss National Bank now owns 3,667,072 shares of the company’s stock valued at $268,393,000 after buying an additional 666,400 shares during the last quarter. Karp Capital Management Corp increased its position in Colgate-Palmolive by 3,749.4% in the first quarter. Karp Capital Management Corp now owns 381,210 shares of the company’s stock valued at $27,901,000 after buying an additional 371,307 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Colgate-Palmolive by 11.1% in the first quarter. UBS Asset Management Americas Inc. now owns 2,532,717 shares of the company’s stock valued at $185,370,000 after buying an additional 253,665 shares during the last quarter. Delta Lloyd NV increased its position in Colgate-Palmolive by 388.5% in the first quarter. Delta Lloyd NV now owns 311,123 shares of the company’s stock valued at $22,413,000 after buying an additional 247,438 shares during the last quarter. Finally, State of Wisconsin Investment Board increased its position in Colgate-Palmolive by 42.6% in the first quarter. State of Wisconsin Investment Board now owns 772,063 shares of the company’s stock valued at $56,507,000 after buying an additional 230,564 shares during the last quarter. 73.85% of the stock is currently owned by institutional investors.

Shares of Colgate-Palmolive Company (NYSE CL) opened at 71.74 on Tuesday. The firm’s 50-day moving average price is $73.87 and its 200 day moving average price is $72.62. Colgate-Palmolive Company has a 1-year low of $63.43 and a 1-year high of $77.27. The company has a market capitalization of $63.19 billion, a PE ratio of 26.66 and a beta of 0.80.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, July 21st. The company reported $0.72 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. Colgate-Palmolive had a net margin of 15.83% and a return on equity of 3,121.95%. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the firm earned $0.70 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts predict that Colgate-Palmolive Company will post $2.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, July 18th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.23%. The ex-dividend date is Friday, July 14th. Colgate-Palmolive’s payout ratio is 59.48%.

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CL has been the topic of several research reports. Zacks Investment Research downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $76.00 price target on shares of Colgate-Palmolive in a research note on Wednesday, May 17th. Bank of America Corporation boosted their price target on Colgate-Palmolive from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. Vetr cut Colgate-Palmolive from a “buy” rating to a “hold” rating and set a $76.67 price target for the company. in a research note on Wednesday, May 17th. Finally, BidaskClub cut Colgate-Palmolive from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $75.82.

In other Colgate-Palmolive news, SVP John J. Huston sold 14,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were 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 approximately $7,356,002.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Dennis J. Hickey sold 73,872 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $71.80, for a total transaction of $5,304,009.60. Following the completion of the transaction, the chief financial officer now directly owns 484,985 shares of the company’s stock, valued at $34,821,923. The disclosure for this sale can be found here. Over the last three months, insiders sold 182,969 shares of company stock valued at $13,209,288. Insiders own 1.02% of the company’s stock.

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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