HPM Partners LLC increased its holdings in Colgate-Palmolive Company (NYSE:CL) by 217.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,870 shares of the company’s stock after buying an additional 9,500 shares during the period. HPM Partners LLC’s holdings in Colgate-Palmolive were worth $686,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC raised its position in Colgate-Palmolive by 2.3% during the second quarter. First Eagle Investment Management LLC now owns 4,891,131 shares of the company’s stock valued at $362,580,000 after purchasing an additional 108,850 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Colgate-Palmolive by 84.2% during the first quarter. TIAA CREF Investment Management LLC now owns 4,554,989 shares of the company’s stock valued at $333,380,000 after purchasing an additional 2,082,262 shares in the last quarter. Legal & General Group Plc raised its position in 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 purchasing an additional 96,427 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Colgate-Palmolive by 1.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 3,474,194 shares of the company’s stock valued at $254,277,000 after purchasing an additional 39,843 shares in the last quarter. Finally, Eaton Vance Management raised its position in Colgate-Palmolive by 11.0% during the second quarter. Eaton Vance Management now owns 3,275,939 shares of the company’s stock valued at $242,845,000 after purchasing an additional 325,072 shares in the last quarter. Institutional investors own 73.63% of the company’s stock.

In related news, insider Patricia Verduin sold 3,833 shares of the business’s stock in a transaction 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 sale, the insider now owns 53,173 shares of the company’s stock, valued at $3,799,210.85. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephen I. Sadove sold 20,780 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $70.52, for a total transaction of $1,465,405.60. Following the completion of the sale, the director now directly owns 36,268 shares in the company, valued at approximately $2,557,619.36. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.

Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Jefferies Group LLC restated a “hold” rating and set a $79.00 price objective on shares of Colgate-Palmolive in a research report on Thursday, September 28th. Citigroup Inc. lowered their price objective on shares of Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Morgan Stanley lowered their price objective on shares of Colgate-Palmolive from $84.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, October 31st. Finally, Macquarie assumed coverage on shares of Colgate-Palmolive in a research report on Thursday, September 14th. They set a “neutral” rating and a $76.00 price objective for the company. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $76.67.

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Shares of Colgate-Palmolive Company (CL) opened at $73.21 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.23 and a debt-to-equity ratio of 24.42. Colgate-Palmolive Company has a one year low of $63.43 and a one year high of $77.27. The firm has a market cap of $64,022.66, a price-to-earnings ratio of 25.40, a P/E/G ratio of 3.34 and a beta of 0.80.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.73 earnings per share for the quarter, hitting the consensus estimate of $0.73. Colgate-Palmolive had a net margin of 15.10% and a return on equity of 2,782.56%. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Colgate-Palmolive’s revenue for the quarter was up 2.8% on a year-over-year basis. analysts forecast that Colgate-Palmolive Company will post 2.88 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Monday, October 23rd will be paid a $0.40 dividend. The ex-dividend date is Friday, October 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. Colgate-Palmolive’s dividend payout ratio is 61.78%.

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.

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

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