Level Four Advisory Services LLC boosted its position in shares of Colgate-Palmolive Company (NYSE:CL) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,249 shares of the company’s stock after buying an additional 454 shares during the period. Level Four Advisory Services LLC’s holdings in Colgate-Palmolive were worth $606,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CL. Confluence Investment Management LLC raised its position in shares of Colgate-Palmolive by 19.3% in the first quarter. Confluence Investment Management LLC now owns 1,271,035 shares of the company’s stock worth $93,027,000 after buying an additional 206,048 shares during the last quarter. West Oak Capital LLC raised its position in shares of Colgate-Palmolive by 13.8% in the first quarter. West Oak Capital LLC now owns 29,378 shares of the company’s stock worth $2,150,000 after buying an additional 3,573 shares during the last quarter. Trust Co raised its position in shares of Colgate-Palmolive by 2.4% in the fourth quarter. Trust Co now owns 21,856 shares of the company’s stock worth $1,430,000 after buying an additional 506 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new position in shares of Colgate-Palmolive during the first quarter worth $218,000. Finally, Northstar Group Inc. raised its position in shares of Colgate-Palmolive by 0.4% in the first quarter. Northstar Group Inc. now owns 4,850 shares of the company’s stock worth $356,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 73.85% of the company’s stock.

Shares of Colgate-Palmolive Company (CL) traded down 0.13% during mid-day trading on Friday, reaching $71.46. 896,800 shares of the company’s stock traded hands. Colgate-Palmolive Company has a 12-month low of $63.43 and a 12-month high of $77.27. The company’s 50-day moving average price is $72.96 and its 200-day moving average price is $72.71. The stock has a market capitalization of $62.94 billion, a PE ratio of 26.56 and a beta of 0.80.

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

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

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CL has been the subject of a number of research analyst reports. Jefferies Group LLC initiated coverage on Colgate-Palmolive in a research report on Tuesday, April 18th. They set a “hold” rating and a $78.00 price objective for the company. Royal Bank Of Canada restated a “hold” rating and set a $74.00 price objective on shares of Colgate-Palmolive in a research report on Monday, April 24th. UBS AG restated a “neutral” rating and set a $78.00 price objective (down previously from $79.00) on shares of Colgate-Palmolive in a research report on Tuesday, May 2nd. Zacks Investment Research lowered Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, Vetr lowered Colgate-Palmolive from a “buy” rating to a “hold” rating and set a $76.67 price objective for the company. in a research report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $75.82.

In other news, Director Ellen M. Hancock sold 5,057 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $71.91, for a total value of $363,648.87. Following the completion of the sale, the director now owns 199,777 shares of the company’s stock, valued at approximately $14,365,964.07. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Patricia Verduin sold 3,833 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $72.41, for a total transaction of $277,547.53. Following the completion of the sale, the insider now directly owns 53,022 shares of the company’s stock, valued at approximately $3,839,323.02. The disclosure for this sale can be found here. In the last three months, insiders sold 203,969 shares of company stock valued at $14,711,068. Corporate 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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