First Command Bank Holds Position in Colgate-Palmolive Company (CL)
First Command Bank continued to hold its position in Colgate-Palmolive Company (NYSE:CL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,404 shares of the company’s stock at the end of the second quarter. First Command Bank’s holdings in Colgate-Palmolive were worth $104,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in CL. TIAA CREF Investment Management LLC lifted its holdings in Colgate-Palmolive by 84.2% during the 1st quarter. TIAA CREF Investment Management LLC now owns 4,554,989 shares of the company’s stock worth $333,380,000 after buying an additional 2,082,262 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Colgate-Palmolive by 22.2% in the 1st quarter. Swiss National Bank now owns 3,667,072 shares of the company’s stock worth $268,393,000 after purchasing an additional 666,400 shares during the last quarter. Karp Capital Management Corp lifted its holdings in shares of Colgate-Palmolive by 3,749.4% in the 1st quarter. Karp Capital Management Corp now owns 381,210 shares of the company’s stock worth $27,901,000 after purchasing an additional 371,307 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Colgate-Palmolive by 25.4% in the 1st quarter. Teachers Advisors LLC now owns 1,814,250 shares of the company’s stock worth $132,785,000 after purchasing an additional 367,977 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new stake in shares of Colgate-Palmolive in the 1st quarter worth approximately $25,617,000. 73.16% of the stock is currently owned by institutional investors.
Shares of Colgate-Palmolive Company (NYSE CL) traded up 0.19% during mid-day trading on Friday, reaching $72.28. The company’s stock had a trading volume of 4,662,365 shares. The firm has a market capitalization of $63.67 billion, a P/E ratio of 26.86 and a beta of 0.80. The company has a 50 day moving average of $71.57 and a 200-day moving average of $73.28. Colgate-Palmolive Company has a 12 month low of $63.43 and a 12 month high of $77.27.
Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, July 21st. The company reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. The business had revenue of $3.83 billion for 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%. Colgate-Palmolive’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS. Equities research analysts forecast that Colgate-Palmolive Company will post $2.89 EPS for the current year.
Several brokerages recently issued reports on CL. Zacks Investment Research downgraded Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 price target on shares of Colgate-Palmolive in a report on Thursday, May 25th. BidaskClub downgraded Colgate-Palmolive from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Jefferies Group LLC reissued a “hold” rating and issued a $79.00 price target on shares of Colgate-Palmolive in a report on Thursday, August 24th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $75.00 price target on shares of Colgate-Palmolive in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $75.83.
In other news, insider Patricia Verduin sold 3,833 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,839,323.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John J. Huston sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $71.36, for a total value of $999,040.00. Following the completion of the transaction, the senior vice president now directly owns 88,598 shares in the company, valued at $6,322,353.28. The disclosure for this sale can be found here. Insiders sold a total of 217,969 shares of company stock worth $15,693,933 over the last three months. 1.02% of the stock is owned by company insiders.
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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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