Dynamic Capital Management Ltd Invests $242,000 in Colgate-Palmolive Company (NYSE:CL)
Dynamic Capital Management Ltd bought a new position in Colgate-Palmolive Company (NYSE:CL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,300 shares of the company’s stock, valued at approximately $242,000.
Several other large investors have also recently bought and sold shares of the company. AlphaMark Advisors LLC increased its stake in Colgate-Palmolive by 452.1% in the first quarter. AlphaMark Advisors LLC now owns 1,673 shares of the company’s stock worth $122,000 after buying an additional 1,370 shares in the last quarter. North Star Investment Management Corp. increased its stake 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 worth $132,000 after buying an additional 67 shares in the last quarter. Blue Chip Partners Inc. increased its stake in Colgate-Palmolive by 0.4% in the first quarter. Blue Chip Partners Inc. now owns 1,805 shares of the company’s stock worth $132,000 after buying an additional 8 shares in the last quarter. Advantage Investment Management LLC increased its stake in Colgate-Palmolive by 16.8% in the first quarter. Advantage Investment Management LLC now owns 1,850 shares of the company’s stock worth $135,000 after buying an additional 266 shares in the last quarter. Finally, Heritage Trust Co purchased a new stake in Colgate-Palmolive during the first quarter worth approximately $146,000. Institutional investors own 73.85% of the company’s stock.
Shares of Colgate-Palmolive Company (NYSE CL) traded down 0.18% during midday trading on Friday, hitting $71.42. The stock had a trading volume of 559,205 shares. Colgate-Palmolive Company has a 52-week low of $63.43 and a 52-week high of $77.27. The firm’s 50 day moving average price is $72.96 and its 200 day moving average price is $72.71. The firm has a market cap of $62.91 billion, a price-to-earnings ratio of 26.54 and a beta of 0.80.
Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, July 21st. The company reported $0.72 earnings per share 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 business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the company earned $0.70 earnings per share. The company’s revenue was down .5% on a year-over-year basis. On average, equities research analysts expect that Colgate-Palmolive Company will post $2.89 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Friday, July 14th. Colgate-Palmolive’s dividend payout ratio is currently 59.48%.
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A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. 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 Thursday, May 25th. UBS AG restated a “neutral” rating and set a $78.00 price objective (down from $79.00) on shares of Colgate-Palmolive in a research report on Tuesday, May 2nd. BidaskClub downgraded Colgate-Palmolive from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “hold” rating and set a $79.00 price objective (up from $77.00) on shares of Colgate-Palmolive in a research report on Monday, July 24th. Two investment 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 stock presently has an average rating of “Hold” and a consensus target price of $75.82.
In related news, COO Justin Skala sold 74,374 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $72.51, for a total transaction of $5,392,858.74. Following the completion of the transaction, the chief operating officer now owns 97,177 shares in the company, valued at $7,046,304.27. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Dennis J. Hickey sold 73,872 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $71.80, for a total transaction of $5,304,009.60. Following the transaction, the chief financial officer now owns 484,985 shares of the company’s stock, valued at approximately $34,821,923. The disclosure for this sale can be found here. Insiders have sold 203,969 shares of company stock worth $14,711,068 in the last ninety days. Corporate insiders own 1.02% of the company’s stock.
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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