Pittenger & Anderson Inc. grew its holdings in Colgate-Palmolive Company (NYSE:CL) by 15.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,939 shares of the company’s stock after acquiring an additional 3,939 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Colgate-Palmolive were worth $2,145,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of CL. Mosaic Family Wealth LLC grew its holdings in shares of Colgate-Palmolive by 8.1% during the first quarter. Mosaic Family Wealth LLC now owns 11,370 shares of the company’s stock worth $832,000 after buying an additional 852 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Colgate-Palmolive by 28.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 65,489 shares of the company’s stock worth $4,793,000 after buying an additional 14,536 shares in the last quarter. Fundsmith LLP grew its holdings in shares of Colgate-Palmolive by 10.3% during the first quarter. Fundsmith LLP now owns 2,123,477 shares of the company’s stock worth $154,581,000 after buying an additional 198,067 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Colgate-Palmolive by 4.3% during the first quarter. Ameriprise Financial Inc. now owns 1,333,002 shares of the company’s stock worth $97,597,000 after buying an additional 54,898 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Colgate-Palmolive by 40.3% during the first quarter. Toronto Dominion Bank now owns 289,470 shares of the company’s stock worth $21,195,000 after buying an additional 83,119 shares in the last quarter. Institutional investors and hedge funds own 73.63% of the company’s stock.
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Shares of Colgate-Palmolive Company (NYSE:CL) opened at $73.21 on Friday. The firm has a market capitalization of $64,286.07, a P/E ratio of 25.51, a P/E/G ratio of 3.35 and a beta of 0.80. The company has a debt-to-equity ratio of 24.42, a quick ratio of 0.92 and a current ratio of 1.23. Colgate-Palmolive Company has a fifty-two week low of $63.43 and a fifty-two week high of $77.27.
Colgate-Palmolive (NYSE:CL) last released its quarterly earnings results on Friday, October 27th. The company reported $0.73 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. The business had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Colgate-Palmolive had a return on equity of 2,782.56% and a net margin of 15.10%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.73 EPS. analysts predict that Colgate-Palmolive Company will post 2.88 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Monday, October 23rd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.60 annualized dividend and a yield of 2.19%. Colgate-Palmolive’s payout ratio is currently 61.78%.
In related news, insider Patricia Verduin sold 3,833 shares of Colgate-Palmolive stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $71.45, for a total transaction of $273,867.85. Following the completion of the sale, the insider now directly owns 53,173 shares of the company’s stock, valued at approximately $3,799,210.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephen I. Sadove sold 20,780 shares of Colgate-Palmolive stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $70.52, for a total value of $1,465,405.60. Following the sale, the director now directly owns 36,268 shares of the company’s stock, valued at $2,557,619.36. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.
Several brokerages recently commented on CL. Zacks Investment Research cut Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. 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, September 28th. Citigroup Inc. reduced their price target on Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Morgan Stanley reduced their price target on Colgate-Palmolive from $84.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, October 31st. Finally, Macquarie began coverage on Colgate-Palmolive in a research report on Thursday, September 14th. They set a “neutral” rating and a $76.00 price target for the company. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. Colgate-Palmolive currently has an average rating of “Hold” and an average target price 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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