Weik Investment Services Inc. Has $445,000 Holdings in Colgate-Palmolive (CL)
Weik Investment Services Inc. maintained its stake in shares of Colgate-Palmolive (NYSE:CL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,000 shares of the company’s stock at the close of the second quarter. Weik Investment Services Inc.’s holdings in Colgate-Palmolive were worth $445,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of CL. Vanguard Group Inc. increased its stake in shares of Colgate-Palmolive by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 67,875,384 shares of the company’s stock worth $5,031,602,000 after acquiring an additional 1,621,392 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Colgate-Palmolive by 42.4% in the 2nd quarter. Renaissance Technologies LLC now owns 9,753,400 shares of the company’s stock worth $723,020,000 after acquiring an additional 2,903,800 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of Colgate-Palmolive by 2.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 4,891,131 shares of the company’s stock worth $362,580,000 after acquiring an additional 108,850 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Colgate-Palmolive by 3.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 4,725,042 shares of the company’s stock worth $350,267,000 after acquiring an additional 170,053 shares in the last quarter. Finally, Fiera Capital Corp increased its stake in shares of Colgate-Palmolive by 17.3% in the 2nd quarter. Fiera Capital Corp now owns 4,595,453 shares of the company’s stock worth $340,662,000 after acquiring an additional 677,657 shares in the last quarter. Institutional investors and hedge funds own 73.22% of the company’s stock.
Shares of Colgate-Palmolive (NYSE CL) opened at $73.04 on Friday. 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 stock has a market cap of $63,618.72, a PE ratio of 25.24, a PEG ratio of 3.32 and a beta of 0.81. Colgate-Palmolive has a 1-year low of $63.43 and a 1-year high of $77.27.
Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, October 27th. The company reported $0.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.73. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 EPS. sell-side analysts forecast that Colgate-Palmolive will post 2.88 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Monday, October 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, October 20th. Colgate-Palmolive’s payout ratio is presently 61.78%.
A number of analysts have weighed in on the stock. SunTrust Banks upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and raised their price objective for the company from $65.00 to $85.00 in a research note on Wednesday, October 11th. Societe Generale lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating and set a $66.00 price objective for the company. in a research note on Wednesday. They noted that the move was a valuation call. Citigroup reduced 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 note on Thursday, November 2nd. Stifel Nicolaus set a $73.00 price objective on shares of Colgate-Palmolive and gave the company a “hold” rating in a research note on Sunday, October 29th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $74.00 price objective on shares of Colgate-Palmolive in a research note on Sunday, October 8th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $76.04.
In other news, COO Justin Skala sold 126,393 shares of the firm’s 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 sale, the chief operating officer now owns 262,361 shares of the company’s stock, valued at approximately $19,144,482.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Victoria L. Dolan sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $73.07, for a total transaction of $730,700.00. Following the completion of the transaction, the insider now directly owns 60,528 shares in the company, valued at approximately $4,422,780.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 173,673 shares of company stock worth $12,629,293. Insiders own 1.02% of the company’s stock.
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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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