Colgate-Palmolive Company (CL) Holdings Boosted by Capital Fund Management S.A.
Capital Fund Management S.A. raised its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 29.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,003 shares of the company’s stock after acquiring an additional 53,868 shares during the period. Capital Fund Management S.A.’s holdings in Colgate-Palmolive were worth $17,643,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of CL. American Beacon Advisors Inc. bought a new position in Colgate-Palmolive during the 1st quarter valued at $102,000. Proficio Capital Partners LLC lifted its stake in Colgate-Palmolive by 16.9% during the 1st quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock valued at $107,000 after acquiring an additional 207 shares in the last quarter. OLD Second National Bank of Aurora bought a new stake in shares of Colgate-Palmolive during the 2nd quarter worth $109,000. Harbour Capital Advisors LLC bought a new stake in shares of Colgate-Palmolive during the 1st quarter worth $121,000. Finally, Hanson & Doremus Investment Management raised its stake in shares of Colgate-Palmolive by 4.5% during the 2nd quarter. Hanson & Doremus Investment Management now owns 1,630 shares of the company’s stock worth $121,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 73.87% of the company’s stock.
In other Colgate-Palmolive news, insider Patricia Verduin sold 3,833 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $71.45, for a total value of $273,867.85. Following the completion of the sale, the insider now owns 53,173 shares in the company, valued at $3,799,210.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen I. Sadove sold 20,780 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $70.52, for a total value of $1,465,405.60. Following the completion of the sale, the director now owns 36,268 shares of the company’s stock, 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.
CL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Monday, October 23rd. Morgan Stanley upgraded Colgate-Palmolive from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $75.00 to $84.00 in a research note on Monday, September 25th. KeyCorp reiterated a “hold” rating on shares of Colgate-Palmolive in a research note on Monday, October 16th. SunTrust Banks, Inc. upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating and lifted their target price for the stock from $65.00 to $85.00 in a research note on Wednesday, October 11th. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of Colgate-Palmolive in a research note on Monday, July 24th. 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 stock. The company has an average rating of “Hold” and a consensus target price of $76.67.
Shares of Colgate-Palmolive Company (CL) opened at $73.21 on Monday. The firm has a market capitalization of $64,286.08, a P/E ratio of 25.51, a P/E/G ratio of 3.35 and a beta of 0.80. Colgate-Palmolive Company has a 12-month low of $63.43 and a 12-month high of $77.27. The company has a debt-to-equity ratio of 24.42, a current ratio of 1.23 and a quick ratio of 0.92.
Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, October 27th. The company reported $0.73 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.73. The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.94 billion. Colgate-Palmolive had a return on equity of 2,782.56% and a net margin of 15.10%. Colgate-Palmolive’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS. analysts expect that Colgate-Palmolive Company will post 2.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Monday, October 23rd will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.19%. Colgate-Palmolive’s payout ratio is 61.78%.
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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