MML Investors Services LLC cut its position in Colgate-Palmolive Company (NYSE:CL) by 9.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,388 shares of the company’s stock after selling 2,574 shares during the quarter. MML Investors Services LLC’s holdings in Colgate-Palmolive were worth $1,734,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC lifted its holdings in Colgate-Palmolive by 84.2% during the 1st quarter. TIAA CREF Investment Management LLC now owns 4,554,989 shares of the company’s stock valued at $333,380,000 after purchasing an additional 2,082,262 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Colgate-Palmolive by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 67,875,384 shares of the company’s stock valued at $5,031,602,000 after purchasing an additional 1,621,392 shares during the last quarter. Fiera Capital Corp lifted its holdings in Colgate-Palmolive by 17.3% during the 2nd quarter. Fiera Capital Corp now owns 4,595,453 shares of the company’s stock valued at $340,662,000 after purchasing an additional 677,657 shares during the last quarter. HAP Trading LLC lifted its holdings in Colgate-Palmolive by 109.1% during the 2nd quarter. HAP Trading LLC now owns 55,234 shares of the company’s stock valued at $4,094,000 after purchasing an additional 662,067 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Colgate-Palmolive by 45.1% during the 2nd quarter. Principal Financial Group Inc. now owns 1,843,728 shares of the company’s stock valued at $136,676,000 after purchasing an additional 572,720 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.
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In other Colgate-Palmolive news, CMO Mukul Deoras sold 7,500 shares of Colgate-Palmolive stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $73.28, for a total value of $549,600.00. Following the transaction, the chief marketing officer now owns 45,217 shares in the company, valued at $3,313,501.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Victoria L. Dolan sold 9,000 shares of Colgate-Palmolive stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $73.41, for a total value of $660,690.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 173,673 shares of company stock worth $12,629,293. Company insiders own 1.02% of the company’s stock.
Colgate-Palmolive Company (NYSE:CL) opened at $71.75 on Thursday. The company has a debt-to-equity ratio of 24.42, a current ratio of 1.23 and a quick ratio of 0.92. Colgate-Palmolive Company has a 12-month low of $63.43 and a 12-month high of $77.27. The company has a market capitalization of $63,416.76, a price-to-earnings ratio of 25.16, a P/E/G ratio of 3.31 and a beta of 0.80.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Friday, October 27th. The company reported $0.73 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.73. Colgate-Palmolive had a return on equity of 2,782.56% and a net margin of 15.10%. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter last year, the business earned $0.73 earnings per share. Colgate-Palmolive’s revenue was up 2.8% on a year-over-year basis. analysts expect that Colgate-Palmolive Company will post 2.88 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Monday, October 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Friday, October 20th. Colgate-Palmolive’s dividend payout ratio is presently 61.78%.
Several brokerages have issued reports on CL. SunTrust Banks, Inc. raised Colgate-Palmolive from a “hold” rating to a “buy” rating and raised their price target for the company from $65.00 to $85.00 in a report on Wednesday, October 11th. Citigroup Inc. cut their price target on Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Stifel Nicolaus set a $73.00 price target on Colgate-Palmolive and gave the company a “hold” rating in a report on Sunday, October 29th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 price target on shares of Colgate-Palmolive in a report on Sunday, October 8th. Finally, Zacks Investment Research downgraded Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. The stock 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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