Johnson Financial Group Inc. Sells 5,925 Shares of Colgate-Palmolive Company (CL)

Johnson Financial Group Inc. decreased its position in shares of Colgate-Palmolive Company (NYSE:CL) by 31.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,674 shares of the company’s stock after selling 5,925 shares during the period. Johnson Financial Group Inc.’s holdings in Colgate-Palmolive were worth $940,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in Colgate-Palmolive by 8.4% during the second quarter. Pacer Advisors Inc. now owns 20,224 shares of the company’s stock valued at $1,499,000 after acquiring an additional 1,566 shares during the last quarter. Alliancebernstein L.P. lifted its position in Colgate-Palmolive by 4.2% during the first quarter. Alliancebernstein L.P. now owns 1,899,356 shares of the company’s stock valued at $139,014,000 after acquiring an additional 77,414 shares during the last quarter. Israel Discount Bank of New York purchased a new stake in Colgate-Palmolive during the first quarter valued at approximately $1,349,000. Principal Financial Group Inc. lifted its position in Colgate-Palmolive by 0.6% during the first quarter. Principal Financial Group Inc. now owns 1,271,008 shares of the company’s stock valued at $93,025,000 after acquiring an additional 7,905 shares during the last quarter. Finally, Personal Capital Advisors Corp lifted its position in Colgate-Palmolive by 5.8% during the second quarter. Personal Capital Advisors Corp now owns 394,028 shares of the company’s stock valued at $29,209,000 after acquiring an additional 21,456 shares during the last quarter. 73.63% of the stock is owned by institutional investors.

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In related news, insider Patricia Verduin sold 3,833 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $71.45, for a total transaction of $273,867.85. Following the completion of the transaction, the insider now owns 53,173 shares of the company’s stock, valued at $3,799,210.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen I. Sadove sold 20,780 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $70.52, for a total transaction of $1,465,405.60. Following the transaction, the director now directly owns 36,268 shares of the company’s stock, valued at approximately $2,557,619.36. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.

Colgate-Palmolive Company (NYSE:CL) opened at $73.21 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.92 and a debt-to-equity ratio of 24.42. Colgate-Palmolive Company has a fifty-two week low of $63.43 and a fifty-two week high of $77.27. The stock has a market cap of $64,286.07, a price-to-earnings ratio of 25.51, a P/E/G ratio of 3.35 and a beta of 0.80.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, October 27th. The company reported $0.73 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. Colgate-Palmolive had a net margin of 15.10% and a return on equity of 2,782.56%. The firm had revenue of $3.97 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter last year, the company posted $0.73 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. analysts forecast that Colgate-Palmolive Company will post 2.88 EPS for the current year.

The firm also recently announced 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 is Friday, October 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 61.78%.

CL has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Monday, September 25th. SunTrust Banks, Inc. raised shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and increased their target price for the company from $65.00 to $85.00 in a research report on Wednesday, October 11th. Royal Bank Of Canada reissued a “hold” rating and set a $74.00 target price on shares of Colgate-Palmolive in a research report on Sunday, October 8th. Jefferies Group LLC reissued a “hold” rating and set a $79.00 target price on shares of Colgate-Palmolive in a research report on Thursday, September 28th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $75.00 target price on shares of Colgate-Palmolive in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. Colgate-Palmolive currently has a consensus rating of “Hold” and an average target price of $76.67.

About Colgate-Palmolive

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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