1,704 Shares in Colgate-Palmolive Company (CL) Acquired by Bruderman Asset Management LLC
Bruderman Asset Management LLC bought a new stake in Colgate-Palmolive Company (NYSE:CL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,704 shares of the company’s stock, valued at approximately $126,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. American Beacon Advisors Inc. acquired a new stake in shares of Colgate-Palmolive in the 1st quarter valued at approximately $102,000. Proficio Capital Partners LLC raised its position in shares of Colgate-Palmolive by 16.9% in 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 during the period. OLD Second National Bank of Aurora acquired a new stake in shares of Colgate-Palmolive in the 2nd quarter valued at approximately $109,000. Harbour Capital Advisors LLC acquired a new stake in shares of Colgate-Palmolive in the 1st quarter valued at approximately $121,000. Finally, Hanson & Doremus Investment Management raised its position in shares of Colgate-Palmolive by 4.5% in the 2nd quarter. Hanson & Doremus Investment Management now owns 1,630 shares of the company’s stock valued at $121,000 after acquiring an additional 70 shares during the period. 73.87% of the stock is currently owned by institutional investors.
In related news, CMO Mukul Deoras sold 7,500 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $73.28, for a total value of $549,600.00. Following the completion of the transaction, the chief marketing officer now directly owns 45,217 shares of the company’s stock, valued at $3,313,501.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Victoria L. Dolan sold 9,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $73.41, for a total transaction of $660,690.00. The disclosure for this sale can be found here. Insiders sold 173,673 shares of company stock valued at $12,629,293 over the last three months. 1.02% of the stock is owned by company insiders.
Colgate-Palmolive Company (NYSE CL) opened at $71.89 on Friday. The firm has a market cap of $63,126.96, a P/E ratio of 25.05, a PEG ratio of 3.29 and a beta of 0.80. Colgate-Palmolive Company has a 52 week low of $63.43 and a 52 week high of $77.27. The company has a debt-to-equity ratio of 24.42, a quick ratio of 0.92 and a current ratio of 1.23.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Friday, October 27th. The company reported $0.73 earnings per share for the quarter, hitting the consensus estimate of $0.73. The company had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Colgate-Palmolive had a net margin of 15.10% and a return on equity of 2,782.56%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $0.73 EPS. equities research analysts predict 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 was paid on Wednesday, November 15th. Investors of record on Monday, October 23rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, October 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.23%. Colgate-Palmolive’s dividend payout ratio is presently 61.78%.
A number of analysts recently weighed in on CL shares. Zacks Investment Research upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Monday, September 25th. SunTrust Banks, Inc. upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and increased their price target for the company from $65.00 to $85.00 in a research report on Wednesday, October 11th. Royal Bank Of Canada restated a “hold” rating and set a $74.00 target price on shares of Colgate-Palmolive in a report on Sunday, October 8th. Jefferies Group LLC restated a “hold” rating and set a $79.00 target price on shares of Colgate-Palmolive in a report on Thursday, September 28th. Finally, Deutsche Bank AG restated a “hold” rating and set a $75.00 target price on shares of Colgate-Palmolive in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Colgate-Palmolive 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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