Colonial Trust Advisors Sells 25 Shares of Colgate-Palmolive Company (CL)

Colonial Trust Advisors cut its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 0.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,566 shares of the company’s stock after selling 25 shares during the period. Colonial Trust Advisors’ holdings in Colgate-Palmolive were worth $900,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Blue Chip Partners Inc. boosted its position in Colgate-Palmolive by 0.4% during the first quarter. Blue Chip Partners Inc. now owns 1,805 shares of the company’s stock valued at $132,000 after purchasing an additional 8 shares during the last quarter. Savant Capital LLC boosted its position in Colgate-Palmolive by 0.3% during the first quarter. Savant Capital LLC now owns 10,526 shares of the company’s stock valued at $770,000 after purchasing an additional 30 shares during the last quarter. Smith Moore & CO. boosted its position in Colgate-Palmolive by 0.3% during the first quarter. Smith Moore & CO. now owns 10,373 shares of the company’s stock valued at $759,000 after purchasing an additional 32 shares during the last quarter. Front Street Capital Management Inc. boosted its position in Colgate-Palmolive by 0.4% during the first quarter. Front Street Capital Management Inc. now owns 8,586 shares of the company’s stock valued at $628,000 after purchasing an additional 32 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. boosted its position in Colgate-Palmolive by 0.5% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 6,993 shares of the company’s stock valued at $512,000 after purchasing an additional 37 shares during the last quarter. 73.16% of the stock is owned by hedge funds and other institutional investors.

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In other news, insider Patricia Verduin sold 3,833 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $75.67, for a total value of $290,043.11. Following the completion of the transaction, the insider now directly owns 53,022 shares of the company’s stock, valued at $4,012,174.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Dennis J. Hickey sold 73,872 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $71.80, for a total value of $5,304,009.60. Following the completion of the transaction, the chief financial officer now directly owns 484,985 shares of the company’s stock, valued at $34,821,923. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 221,802 shares of company stock valued at $15,983,976. 1.02% of the stock is currently owned by corporate insiders.

Colgate-Palmolive Company (NYSE:CL) traded up 0.36% during mid-day trading on Friday, hitting $71.82. The stock had a trading volume of 2,952,611 shares. The firm’s 50-day moving average price is $71.66 and its 200-day moving average price is $73.33. Colgate-Palmolive Company has a 1-year low of $63.43 and a 1-year high of $77.27. The stock has a market cap of $63.26 billion, a PE ratio of 26.69 and a beta of 0.80.

Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.89 billion. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. Colgate-Palmolive’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 earnings per share. On average, equities analysts expect that Colgate-Palmolive Company will post $2.89 earnings per share for the current year.

Several brokerages recently commented on CL. Jefferies Group LLC reissued a “hold” rating and set a $79.00 price target on shares of Colgate-Palmolive in a research report on Thursday, August 24th. Zacks Investment Research cut Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Deutsche Bank AG reissued a “hold” rating and set a $75.00 price target on shares of Colgate-Palmolive in a research report on Monday, July 24th. Wells Fargo & Company reissued a “market perform” rating on shares of Colgate-Palmolive in a research report on Monday, July 24th. Finally, BidaskClub cut Colgate-Palmolive from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $75.82.

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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Institutional Ownership by Quarter for Colgate-Palmolive (NYSE:CL)

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