Chicago Equity Partners LLC Decreases Position in Colgate-Palmolive Company (CL)

Chicago Equity Partners LLC decreased its position in Colgate-Palmolive Company (NYSE:CL) by 14.6% during the first quarter, Holdings Channel reports. The fund owned 132,820 shares of the company’s stock after selling 22,680 shares during the period. Chicago Equity Partners LLC’s holdings in Colgate-Palmolive Company were worth $9,721,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Investment Management Inc. OR boosted its stake in Colgate-Palmolive Company by 10.5% in the fourth quarter. Quest Investment Management Inc. OR now owns 76,609 shares of the company’s stock valued at $5,013,000 after buying an additional 7,292 shares in the last quarter. Chickasaw Capital Management LLC boosted its stake in Colgate-Palmolive Company by 218.3% in the first quarter. Chickasaw Capital Management LLC now owns 16,920 shares of the company’s stock valued at $1,238,000 after buying an additional 11,605 shares in the last quarter. Meritage Portfolio Management boosted its stake in Colgate-Palmolive Company by 0.3% in the first quarter. Meritage Portfolio Management now owns 95,879 shares of the company’s stock valued at $7,017,000 after buying an additional 255 shares in the last quarter. Eastern Bank boosted its stake in Colgate-Palmolive Company by 0.8% in the first quarter. Eastern Bank now owns 10,939 shares of the company’s stock valued at $801,000 after buying an additional 89 shares in the last quarter. Finally, Comerica Bank boosted its stake in Colgate-Palmolive Company by 3.9% in the fourth quarter. Comerica Bank now owns 566,367 shares of the company’s stock valued at $37,312,000 after buying an additional 21,184 shares in the last quarter. 74.12% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Colgate-Palmolive Company (NYSE:CL)

Shares of Colgate-Palmolive Company (NYSE CL) opened at 76.90 on Tuesday. Colgate-Palmolive Company has a 12-month low of $63.43 and a 12-month high of $77.27. The firm has a market cap of $67.93 billion, a P/E ratio of 27.75 and a beta of 0.82. The company has a 50-day moving average of $74.36 and a 200 day moving average of $71.01.

Colgate-Palmolive Company (NYSE:CL) last announced its earnings results on Friday, April 28th. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. Colgate-Palmolive Company had a return on equity of 3,725.55% and a net margin of 16.31%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the company posted $0.63 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Equities analysts predict that Colgate-Palmolive Company will post $2.92 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, July 18th will be given a $0.40 dividend. The ex-dividend date is Friday, July 14th. This represents a $1.60 dividend on an annualized basis and a yield of 2.08%. Colgate-Palmolive Company’s payout ratio is 57.76%.

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Several research firms have weighed in on CL. Bank of America Corporation boosted their target price on shares of Colgate-Palmolive Company from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. Royal Bank Of Canada reiterated a “hold” rating and set a $74.00 target price on shares of Colgate-Palmolive Company in a research note on Thursday, May 25th. Vetr lowered shares of Colgate-Palmolive Company from a “buy” rating to a “hold” rating and set a $76.67 target price for the company. in a research note on Wednesday, May 17th. Jefferies Group LLC reiterated a “hold” rating and set a $76.00 target price on shares of Colgate-Palmolive Company in a research note on Wednesday, May 17th. Finally, Zacks Investment Research lowered shares of Colgate-Palmolive Company from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Fourteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $75.41.

In related news, insider Patricia Verduin sold 3,833 shares of Colgate-Palmolive Company stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $73.72, for a total value of $282,568.76. Following the completion of the sale, the insider now directly owns 53,022 shares in the company, valued at $3,908,781.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Daniel B. Marsili sold 14,000 shares of Colgate-Palmolive Company stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $73.97, for a total value of $1,035,580.00. Following the completion of the sale, the vice president now owns 73,904 shares of the company’s stock, valued at $5,466,678.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,666 shares of company stock valued at $3,184,972. Corporate insiders own 1.02% of the company’s stock.

About Colgate-Palmolive Company

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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