Cedar Capital LLC Invests $209,000 in Colgate-Palmolive (CL)
Cedar Capital LLC acquired a new position in Colgate-Palmolive (NYSE:CL) in the 3rd quarter, HoldingsChannel reports. The firm acquired 3,121 shares of the company’s stock, valued at approximately $209,000.
Several other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in shares of Colgate-Palmolive by 11.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 32,560,326 shares of the company’s stock worth $2,110,235,000 after purchasing an additional 3,397,667 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Colgate-Palmolive by 8.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 20,135,385 shares of the company’s stock worth $1,304,974,000 after purchasing an additional 1,596,825 shares in the last quarter. OppenheimerFunds Inc. increased its stake in Colgate-Palmolive by 6.4% in the 2nd quarter. OppenheimerFunds Inc. now owns 6,785,987 shares of the company’s stock worth $439,801,000 after buying an additional 405,430 shares in the last quarter. Fiera Capital Corp increased its stake in Colgate-Palmolive by 4.6% in the 2nd quarter. Fiera Capital Corp now owns 5,012,573 shares of the company’s stock worth $324,865,000 after buying an additional 219,925 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Colgate-Palmolive by 15.3% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,093,312 shares of the company’s stock worth $265,288,000 after buying an additional 543,500 shares in the last quarter. Hedge funds and other institutional investors own 75.22% of the company’s stock.
In other Colgate-Palmolive news, CFO Henning I. Jakobsen sold 1,015 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $67.05, for a total transaction of $68,055.75. Following the completion of the transaction, the chief financial officer now owns 36,193 shares of the company’s stock, valued at approximately $2,426,740.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Philip G. Shotts sold 462 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $67.05, for a total transaction of $30,977.10. Following the transaction, the vice president now directly owns 41,250 shares of the company’s stock, valued at approximately $2,765,812.50. The disclosure for this sale can be found here. 1.02% of the stock is owned by corporate insiders.
CL opened at $63.24 on Friday. Colgate-Palmolive has a 52 week low of $57.41 and a 52 week high of $77.91. The stock has a market cap of $54.85 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 3.11 and a beta of 0.75. The company has a quick ratio of 0.77, a current ratio of 1.11 and a debt-to-equity ratio of 64.85.
Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, October 26th. The company reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. Colgate-Palmolive had a net margin of 13.55% and a return on equity of 12,004.60%. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The business’s revenue was down 3.2% on a year-over-year basis. On average, sell-side analysts forecast that Colgate-Palmolive will post 2.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Friday, October 19th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Thursday, October 18th. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 58.54%.
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Colgate-Palmolive Company Profile
Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. It operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. The company offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; personal care products comprising bar and liquid hand soaps, shower gels, shampoos, conditioners, and deodorants and antiperspirants; and home care products, such as laundry and dishwashing detergents, fabric conditioners, household cleaners, and other related products.
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