Zevin Asset Management LLC lowered its position in Colgate-Palmolive (NYSE:CL) by 11.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,651 shares of the company’s stock after selling 10,281 shares during the quarter. Colgate-Palmolive comprises approximately 1.3% of Zevin Asset Management LLC’s investment portfolio, making the stock its 29th biggest holding. Zevin Asset Management LLC’s holdings in Colgate-Palmolive were worth $5,783,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in CL. Renaissance Technologies LLC increased its stake in shares of Colgate-Palmolive by 42.4% during the second quarter. Renaissance Technologies LLC now owns 9,753,400 shares of the company’s stock valued at $723,020,000 after acquiring an additional 2,903,800 shares during the period. APG Asset Management N.V. increased its stake in shares of Colgate-Palmolive by 243.0% during the third quarter. APG Asset Management N.V. now owns 4,070,784 shares of the company’s stock valued at $296,557,000 after acquiring an additional 2,884,100 shares during the period. Harding Loevner LP increased its stake in shares of Colgate-Palmolive by 92.0% during the third quarter. Harding Loevner LP now owns 4,742,752 shares of the company’s stock valued at $176,329,000 after acquiring an additional 2,272,675 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Colgate-Palmolive by 35.8% during the third quarter. First Eagle Investment Management LLC now owns 6,641,548 shares of the company’s stock valued at $483,837,000 after acquiring an additional 1,750,417 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Colgate-Palmolive by 2.4% during the second quarter. Vanguard Group Inc. now owns 67,875,384 shares of the company’s stock valued at $5,031,602,000 after acquiring an additional 1,621,392 shares during the period. Institutional investors own 72.85% of the company’s stock.
In related news, VP Henning I. Jakobsen sold 36,215 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $71.22, for a total transaction of $2,579,232.30. Following the completion of the sale, the vice president now directly owns 70,783 shares in the company, valued at $5,041,165.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer Daniels sold 7,375 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $73.18, for a total transaction of $539,702.50. Following the completion of the transaction, the insider now directly owns 38,691 shares of the company’s stock, valued at approximately $2,831,407.38. The disclosure for this sale can be found here. Insiders have sold 318,451 shares of company stock valued at $22,874,017 over the last 90 days. 1.02% of the stock is currently owned by insiders.
Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, January 26th. The company reported $0.75 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.75. The firm had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Colgate-Palmolive had a net margin of 13.10% and a return on equity of 1,716.69%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.75 earnings per share. equities research analysts predict that Colgate-Palmolive will post 3.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Tuesday, January 23rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Monday, January 22nd. Colgate-Palmolive’s payout ratio is 70.18%.
A number of research analysts recently commented on CL shares. Zacks Investment Research upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research note on Monday, October 23rd. Deutsche Bank started coverage on shares of Colgate-Palmolive in a research note on Wednesday, December 13th. They set a “hold” rating and a $75.00 price objective on the stock. KeyCorp reiterated a “hold” rating on shares of Colgate-Palmolive in a research note on Monday, October 16th. Macquarie upgraded shares of Colgate-Palmolive from a “neutral” rating to an “outperform” rating and set a $81.00 price objective on the stock in a research note on Tuesday, December 19th. Finally, 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. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $77.71.
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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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