BARING ASSET MANAGEMENT Ltd lifted its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 13.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,192 shares of the company’s stock after buying an additional 4,032 shares during the quarter. BARING ASSET MANAGEMENT Ltd’s holdings in Colgate-Palmolive were worth $2,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Community Bank N.A. increased its position in shares of Colgate-Palmolive by 28.1% during the second quarter. Community Bank N.A. now owns 17,652 shares of the company’s stock valued at $1,309,000 after buying an additional 3,876 shares during the period. Legal & General Group Plc increased its position in shares of Colgate-Palmolive by 2.2% during the second quarter. Legal & General Group Plc now owns 4,390,317 shares of the company’s stock valued at $325,461,000 after buying an additional 96,427 shares during the period. SG Americas Securities LLC increased its position in shares of Colgate-Palmolive by 166.3% during the second quarter. SG Americas Securities LLC now owns 108,986 shares of the company’s stock valued at $8,079,000 after buying an additional 273,410 shares during the period. State of Wisconsin Investment Board increased its position in shares of Colgate-Palmolive by 37.0% during the second quarter. State of Wisconsin Investment Board now owns 1,057,643 shares of the company’s stock valued at $78,403,000 after buying an additional 285,580 shares during the period. Finally, WASHINGTON TRUST Co increased its position in shares of Colgate-Palmolive by 36.6% during the second quarter. WASHINGTON TRUST Co now owns 16,126 shares of the company’s stock valued at $1,195,000 after buying an additional 4,323 shares during the period. Institutional investors own 73.09% of the company’s stock.

Shares of Colgate-Palmolive Company (NYSE:CL) opened at 74.96 on Wednesday. Colgate-Palmolive Company has a 12-month low of $63.43 and a 12-month high of $77.27. The stock has a market cap of $66.03 billion, a PE ratio of 27.86 and a beta of 0.81. The stock’s 50 day moving average is $72.45 and its 200-day moving average is $73.19.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data 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 net margin of 15.83% and a return on equity of 3,121.95%. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the firm earned $0.70 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts expect that Colgate-Palmolive Company will post $2.90 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Monday, October 23rd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, October 20th. Colgate-Palmolive’s payout ratio is currently 59.48%.

In other news, insider Patricia Verduin sold 3,833 shares of Colgate-Palmolive stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $71.45, for a total value of $273,867.85. Following the transaction, the insider now owns 53,173 shares of the company’s stock, valued at approximately $3,799,210.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Dennis J. Hickey sold 73,872 shares of Colgate-Palmolive stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 484,985 shares in the company, valued at approximately $34,821,923. The disclosure for this sale can be found here. In the last ninety days, insiders sold 214,136 shares of company stock worth $15,416,385. Insiders own 1.02% of the company’s stock.

Several brokerages recently issued reports on CL. Zacks Investment Research cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Tuesday. Royal Bank Of Canada reiterated a “hold” rating and set a $74.00 price target on shares of Colgate-Palmolive in a research report on Sunday, October 8th. BidaskClub cut shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Deutsche Bank AG restated a “hold” rating and issued a $75.00 price objective on shares of Colgate-Palmolive in a report on Monday, July 24th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Colgate-Palmolive in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. Colgate-Palmolive has a consensus rating of “Hold” and a consensus target price of $76.85.

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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.

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

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