Bronson Point Management LLC purchased a new stake in Colgate-Palmolive Company (NYSE:CL) during the first quarter, Holdings Channel reports. The fund purchased 40,000 shares of the company’s stock, valued at approximately $2,928,000.

Other large investors have also modified their holdings of the company. AlphaMark Advisors LLC raised its position in Colgate-Palmolive by 452.1% in the first quarter. AlphaMark Advisors LLC now owns 1,673 shares of the company’s stock valued at $122,000 after buying an additional 1,370 shares during the last quarter. North Star Investment Management Corp. raised its position in Colgate-Palmolive by 3.9% in the first quarter. North Star Investment Management Corp. now owns 1,797 shares of the company’s stock valued at $132,000 after buying an additional 67 shares during the last quarter. Blue Chip Partners Inc. raised its position in Colgate-Palmolive by 0.4% in the first quarter. Blue Chip Partners Inc. now owns 1,805 shares of the company’s stock valued at $132,000 after buying an additional 8 shares during the last quarter. Advantage Investment Management LLC raised its position in Colgate-Palmolive by 16.8% in the first quarter. Advantage Investment Management LLC now owns 1,850 shares of the company’s stock valued at $135,000 after buying an additional 266 shares during the last quarter. Finally, Heritage Trust Co purchased a new position in Colgate-Palmolive during the first quarter valued at $146,000. Institutional investors own 73.85% of the company’s stock.

Shares of Colgate-Palmolive Company (NYSE CL) traded down 0.34% on Thursday, reaching $71.33. 324,209 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $73.08 and its 200-day moving average price is $72.72. The stock has a market cap of $62.83 billion, a P/E ratio of 26.51 and a beta of 0.80. 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, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the business earned $0.70 EPS. Colgate-Palmolive’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts forecast that Colgate-Palmolive Company will post $2.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, July 18th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, July 14th. Colgate-Palmolive’s dividend payout ratio is currently 59.48%.

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Several research firms recently weighed in on CL. Zacks Investment Research lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reissued a “hold” rating and set a $74.00 price objective on shares of Colgate-Palmolive in a research note on Thursday, May 25th. UBS AG reissued a “neutral” rating and set a $78.00 price objective (down previously from $79.00) on shares of Colgate-Palmolive in a research note on Tuesday, May 2nd. BidaskClub lowered shares of Colgate-Palmolive from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $79.00 price objective (up previously from $77.00) on shares of Colgate-Palmolive in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $75.82.

In related news, insider Patricia Verduin sold 3,833 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $72.41, for a total value of $277,547.53. Following the transaction, the insider now directly owns 53,022 shares in the company, valued at approximately $3,839,323.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Franck J. Moison sold 35,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $71.52, for a total value of $2,503,200.00. Following the completion of the transaction, the insider now owns 201,411 shares in the company, valued at $14,404,914.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 203,969 shares of company stock worth $14,711,068. 1.02% of the stock is owned by company insiders.

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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