Gradient Investments LLC boosted its position in shares of Colgate-Palmolive Company (NYSE:CL) by 5.4% during the second quarter, Holdings Channel reports. The fund owned 95,316 shares of the company’s stock after buying an additional 4,874 shares during the period. Gradient Investments LLC’s holdings in Colgate-Palmolive were worth $7,066,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Prospera Financial Services Inc boosted its position in Colgate-Palmolive by 233.5% in the second quarter. Prospera Financial Services Inc now owns 9,324 shares of the company’s stock valued at $686,000 after buying an additional 6,528 shares during the last quarter. BTIM Corp. boosted its position in Colgate-Palmolive by 2.3% in the second quarter. BTIM Corp. now owns 601,243 shares of the company’s stock valued at $44,571,000 after buying an additional 13,348 shares during the last quarter. Aperio Group LLC boosted its position in Colgate-Palmolive by 21.1% in the second quarter. Aperio Group LLC now owns 461,777 shares of the company’s stock valued at $34,232,000 after buying an additional 80,567 shares during the last quarter. West Coast Financial LLC boosted its position in Colgate-Palmolive by 3.4% in the second quarter. West Coast Financial LLC now owns 37,677 shares of the company’s stock valued at $2,793,000 after buying an additional 1,230 shares during the last quarter. Finally, Chemung Canal Trust Co. boosted its position in Colgate-Palmolive by 29.0% in the second quarter. Chemung Canal Trust Co. now owns 27,447 shares of the company’s stock valued at $2,035,000 after buying an additional 6,166 shares during the last quarter. 73.85% of the stock is owned by institutional investors and hedge funds.

Shares of Colgate-Palmolive Company (NYSE:CL) traded up 0.28% during mid-day trading on Tuesday, reaching $71.94. The company’s stock had a trading volume of 807,545 shares. Colgate-Palmolive Company has a 52 week low of $63.43 and a 52 week high of $77.27. The firm has a market capitalization of $63.37 billion, a PE ratio of 26.73 and a beta of 0.80. The firm has a 50-day moving average of $73.87 and a 200-day moving average of $72.62.

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

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

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Several research firms recently commented on CL. UBS AG reissued a “neutral” rating and set a $78.00 target price (down from $79.00) on shares of Colgate-Palmolive in a research note on Tuesday, May 2nd. Zacks Investment Research cut Colgate-Palmolive from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Jefferies Group LLC reissued a “hold” rating and set a $79.00 target price (up from $77.00) on shares of Colgate-Palmolive in a research note on Monday, July 24th. BidaskClub cut Colgate-Palmolive from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $74.00 target price on shares of Colgate-Palmolive in a research note on Thursday, May 25th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $75.82.

In related news, SVP John J. Huston sold 14,000 shares of Colgate-Palmolive stock in a transaction dated 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 in the company, valued at $7,356,002.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patricia Verduin sold 3,833 shares of Colgate-Palmolive stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $72.41, for a total value of $277,547.53. Following the completion of the transaction, the insider now owns 53,022 shares of the company’s stock, valued at $3,839,323.02. The disclosure for this sale can be found here. Insiders have sold 182,969 shares of company stock valued at $13,209,288 over the last 90 days. Insiders own 1.02% of the company’s stock.

About Colgate-Palmolive

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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