Whittier Trust Co. of Nevada Inc. raised its stake in Colgate-Palmolive Company (NYSE:CL) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,178 shares of the company’s stock after buying an additional 841 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Colgate-Palmolive were worth $1,940,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. American Beacon Advisors Inc. purchased a new stake in Colgate-Palmolive during the first quarter worth $102,000. Proficio Capital Partners LLC raised its stake in Colgate-Palmolive by 16.9% in the first quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock worth $107,000 after buying an additional 207 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in Colgate-Palmolive during the first quarter worth $121,000. AlphaMark Advisors LLC raised its stake in Colgate-Palmolive by 452.1% in the first quarter. AlphaMark Advisors LLC now owns 1,673 shares of the company’s stock worth $122,000 after buying an additional 1,370 shares during the last quarter. Finally, Mascoma Wealth Management LLC purchased a new stake in Colgate-Palmolive during the second quarter worth $131,000. 73.85% of the stock is owned by institutional investors.
Colgate-Palmolive Company (NYSE CL) traded down 0.10% on Thursday, hitting $71.50. 715,299 shares of the stock were exchanged. The company’s 50 day moving average is $73.08 and its 200 day moving average is $72.72. Colgate-Palmolive Company has a 1-year low of $63.43 and a 1-year high of $77.27. The stock has a market cap of $62.98 billion, a PE ratio of 26.57 and a beta of 0.80.
Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.89 billion. Colgate-Palmolive had a net margin of 15.83% and a return on equity of 3,121.95%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS. On average, equities research analysts expect that Colgate-Palmolive Company will post $2.89 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, July 18th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.24%. The ex-dividend date is Friday, July 14th. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 59.48%.
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A number of equities research analysts recently weighed in on the stock. UBS AG reaffirmed a “neutral” rating and set a $78.00 price target (down from $79.00) on shares of Colgate-Palmolive in a report on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 price target on shares of Colgate-Palmolive in a report on Monday, April 24th. Jefferies Group LLC assumed coverage on shares of Colgate-Palmolive in a report on Tuesday, April 18th. They set a “hold” rating and a $78.00 price target for the company. BidaskClub lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Colgate-Palmolive in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $75.82.
In other news, CFO Dennis J. Hickey sold 73,872 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $71.80, for a total value of $5,304,009.60. Following the sale, the chief financial officer now owns 484,985 shares in the company, valued at approximately $34,821,923. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patricia Verduin sold 3,833 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $75.67, for a total transaction of $290,043.11. Following the completion of the sale, the insider now owns 53,022 shares in the company, valued at approximately $4,012,174.74. The disclosure for this sale can be found here. Insiders sold a total of 203,969 shares of company stock worth $14,711,068 in the last three months. Insiders own 1.02% of the company’s stock.
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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