Colgate-Palmolive Company (CL) Position Lessened by Green Valley Investors LLC
Green Valley Investors LLC lessened its holdings in Colgate-Palmolive Company (NYSE:CL) by 3.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,365 shares of the company’s stock after selling 3,202 shares during the period. Colgate-Palmolive accounts for approximately 0.3% of Green Valley Investors LLC’s portfolio, making the stock its 29th largest holding. Green Valley Investors LLC’s holdings in Colgate-Palmolive were worth $6,032,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of Colgate-Palmolive by 1.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 45,797 shares of the company’s stock worth $3,395,000 after buying an additional 814 shares in the last quarter. Dai Ichi Life Insurance Company Ltd increased its stake in Colgate-Palmolive by 26.0% in the second quarter. Dai Ichi Life Insurance Company Ltd now owns 105,918 shares of the company’s stock valued at $7,852,000 after acquiring an additional 21,887 shares during the last quarter. Regal Investment Advisors LLC bought a new position in Colgate-Palmolive in the second quarter valued at $218,000. NorthCoast Asset Management LLC increased its stake in Colgate-Palmolive by 0.3% in the second quarter. NorthCoast Asset Management LLC now owns 22,885 shares of the company’s stock valued at $1,696,000 after acquiring an additional 68 shares during the last quarter. Finally, Capital Fund Management S.A. increased its stake in Colgate-Palmolive by 29.3% in the second quarter. Capital Fund Management S.A. now owns 238,003 shares of the company’s stock valued at $17,643,000 after acquiring an additional 53,868 shares during the last quarter. Institutional investors own 73.87% of the company’s stock.
In other news, COO Justin Skala sold 126,393 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $72.97, for a total transaction of $9,222,897.21. Following the completion of the sale, the chief operating officer now directly owns 262,361 shares in the company, valued at $19,144,482.17. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Mukul Deoras sold 7,500 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $73.28, for a total transaction of $549,600.00. Following the sale, the chief marketing officer now owns 45,217 shares of the company’s stock, valued at $3,313,501.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 164,673 shares of company stock valued at $11,968,603. 1.02% of the stock is currently owned by company insiders.
Shares of Colgate-Palmolive Company (NYSE:CL) opened at $73.46 on Wednesday. The company has a debt-to-equity ratio of 24.42, a quick ratio of 0.92 and a current ratio of 1.23. The firm has a market cap of $64,716.35, a PE ratio of 25.68, a PEG ratio of 3.38 and a beta of 0.80. Colgate-Palmolive Company has a 1-year low of $63.43 and a 1-year high of $77.27.
Colgate-Palmolive (NYSE:CL) last posted 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 analyst estimates of $3.94 billion. Colgate-Palmolive had a net margin of 15.10% and a return on equity of 2,782.56%. Colgate-Palmolive’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. research analysts predict that Colgate-Palmolive Company will post 2.88 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Monday, October 23rd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. Colgate-Palmolive’s dividend payout ratio is currently 61.78%.
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A number of research firms recently commented on CL. KeyCorp reissued a “hold” rating on shares of Colgate-Palmolive in a research note on Monday, October 16th. Zacks Investment Research cut Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Jefferies Group LLC reissued a “hold” rating and issued a $79.00 target price (up previously from $77.00) on shares of Colgate-Palmolive in a research note on Monday, July 24th. Deutsche Bank AG reissued a “hold” rating and issued a $75.00 target price on shares of Colgate-Palmolive in a research note on Monday, July 24th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Colgate-Palmolive in a research note on Monday, July 24th. One research 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 company currently has a consensus rating of “Hold” and an average price target of $76.67.
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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