CWA Asset Management Group LLC Purchases 3,575 Shares of Colgate-Palmolive Company (CL)

CWA Asset Management Group LLC lifted its position in shares of Colgate-Palmolive Company (NYSE:CL) by 9.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,881 shares of the company’s stock after acquiring an additional 3,575 shares during the quarter. CWA Asset Management Group LLC’s holdings in Colgate-Palmolive were worth $3,179,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Blue Chip Partners Inc. increased its holdings in Colgate-Palmolive by 0.4% in 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. Cue Financial Group Inc. increased its holdings in Colgate-Palmolive by 0.3% in the second quarter. Cue Financial Group Inc. now owns 4,854 shares of the company’s stock valued at $360,000 after purchasing an additional 14 shares during the last quarter. Cornerstone Financial Partners LLC increased its holdings in Colgate-Palmolive by 0.5% in the second quarter. Cornerstone Financial Partners LLC now owns 3,813 shares of the company’s stock valued at $282,000 after purchasing an additional 19 shares during the last quarter. M Holdings Securities Inc. increased its holdings in Colgate-Palmolive by 0.4% in the first quarter. M Holdings Securities Inc. now owns 5,366 shares of the company’s stock valued at $393,000 after purchasing an additional 21 shares during the last quarter. Finally, AlphaMark Advisors LLC increased its holdings in Colgate-Palmolive by 1.5% in the second quarter. AlphaMark Advisors LLC now owns 1,698 shares of the company’s stock valued at $126,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 73.87% of the company’s stock.

A number of equities research analysts recently commented on the company. KeyCorp reiterated a “hold” rating on shares of Colgate-Palmolive in a report on Monday, October 16th. Zacks Investment Research downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Jefferies Group LLC reiterated a “hold” rating and issued a $79.00 price objective (up previously from $77.00) on shares of Colgate-Palmolive in a report on Monday, July 24th. Deutsche Bank AG reiterated a “hold” rating and issued a $75.00 price objective on shares of Colgate-Palmolive in a report on Monday, July 24th. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of Colgate-Palmolive in a 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 stock. The company has an average rating of “Hold” and a consensus price target of $76.67.

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In other news, insider Victoria L. Dolan sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $73.07, for a total transaction of $730,700.00. Following the completion of the transaction, the insider now directly owns 60,528 shares of the company’s stock, valued at $4,422,780.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Mukul Deoras sold 7,500 shares of the company’s 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 directly owns 45,217 shares of the company’s stock, valued at $3,313,501.76. The disclosure for this sale can be found here. Insiders have sold 164,673 shares of company stock valued at $11,968,603 over the last ninety days. 1.02% of the stock is owned by insiders.

Colgate-Palmolive Company (NYSE CL) opened at $72.48 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.92 and a debt-to-equity ratio of 24.42. The firm has a market capitalization of $64,505.61, a PE ratio of 25.60, a PEG ratio of 3.36 and a beta of 0.80. Colgate-Palmolive Company has a 52-week low of $63.43 and a 52-week high of $77.27.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, October 27th. The company reported $0.73 earnings per share for the quarter, hitting the consensus estimate of $0.73. The company 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%. Colgate-Palmolive’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. research analysts anticipate that Colgate-Palmolive Company will post 2.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Monday, October 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, October 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.21%. Colgate-Palmolive’s dividend payout ratio is currently 61.78%.

Colgate-Palmolive 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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