Trust Co lowered its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 15.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,500 shares of the company’s stock after selling 3,356 shares during the period. Trust Co’s holdings in Colgate-Palmolive were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Blue Chip Partners Inc. raised its position in shares of Colgate-Palmolive by 0.4% during 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. M Holdings Securities Inc. raised its position in shares of Colgate-Palmolive by 0.4% during the first quarter. M Holdings Securities Inc. now owns 5,366 shares of the company’s stock valued at $393,000 after buying an additional 21 shares during the last quarter. Savant Capital LLC raised its position in shares of Colgate-Palmolive by 0.3% during the first quarter. Savant Capital LLC now owns 10,526 shares of the company’s stock valued at $770,000 after buying an additional 30 shares during the last quarter. Smith Moore & CO. raised its position in shares of Colgate-Palmolive by 0.3% during the first quarter. Smith Moore & CO. now owns 10,373 shares of the company’s stock valued at $759,000 after buying an additional 32 shares during the last quarter. Finally, Front Street Capital Management Inc. raised its position in shares of Colgate-Palmolive by 0.4% during the first quarter. Front Street Capital Management Inc. now owns 8,586 shares of the company’s stock valued at $628,000 after buying an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 73.16% of the company’s stock.

Several research firms have recently issued reports on CL. Macquarie began coverage on shares of Colgate-Palmolive in a research report on Thursday. They set a “neutral” rating and a $76.00 price objective on the stock. BidaskClub cut shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Royal Bank Of Canada reiterated a “hold” rating and set a $74.00 price objective on shares of Colgate-Palmolive in a research report on Thursday, May 25th. Jefferies Group LLC reiterated a “hold” rating and set a $79.00 price objective on shares of Colgate-Palmolive in a research report on Thursday, August 24th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $75.00 price objective on shares of Colgate-Palmolive in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $75.83.

TRADEMARK VIOLATION WARNING: “Colgate-Palmolive Company (CL) Stake Lessened by Trust Co” was published by Daily Political and is owned by of Daily Political. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2017/09/16/colgate-palmolive-company-cl-stake-lessened-by-trust-co.html.

Colgate-Palmolive Company (CL) traded up 0.19% on Friday, reaching $72.28. 4,662,365 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $71.57 and a 200 day moving average price of $73.28. The firm has a market cap of $63.67 billion, a PE ratio of 26.86 and a beta of 0.80. Colgate-Palmolive Company has a one year low of $63.43 and a one year 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 business 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 company earned $0.70 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts anticipate that Colgate-Palmolive Company will post $2.89 earnings per share for the current year.

In other Colgate-Palmolive news, COO Justin Skala sold 74,374 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $72.51, for a total value of $5,392,858.74. Following the completion of the sale, the chief operating officer now directly owns 97,177 shares of the company’s stock, valued at approximately $7,046,304.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Patricia Verduin sold 3,833 shares of the firm’s 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 completion of the sale, the insider now directly 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 sold a total of 217,969 shares of company stock valued at $15,693,933 over the last ninety days. Corporate insiders own 1.02% of the company’s stock.

Colgate-Palmolive 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.

Want to see what other hedge funds are holding CL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Colgate-Palmolive Company (NYSE:CL).

Institutional Ownership by Quarter for Colgate-Palmolive (NYSE:CL)

Receive News & Ratings for Colgate-Palmolive Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colgate-Palmolive Company and related companies with MarketBeat.com's FREE daily email newsletter.