Fiduciary Group LLC Acquires 378 Shares of Colgate-Palmolive (CL)

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Fiduciary Group LLC grew its holdings in Colgate-Palmolive (NYSE:CL) by 4.7% in the 1st quarter, HoldingsChannel reports. The firm owned 8,403 shares of the company’s stock after buying an additional 378 shares during the quarter. Fiduciary Group LLC’s holdings in Colgate-Palmolive were worth $576,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc raised its stake in shares of Colgate-Palmolive by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 73,520,894 shares of the company’s stock worth $4,922,224,000 after acquiring an additional 734,860 shares in the last quarter. BlackRock Inc. raised its stake in shares of Colgate-Palmolive by 13.5% during the 4th quarter. BlackRock Inc. now owns 60,648,605 shares of the company’s stock worth $3,609,804,000 after acquiring an additional 7,236,342 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Colgate-Palmolive by 3.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 32,521,377 shares of the company’s stock worth $1,935,674,000 after acquiring an additional 1,000,161 shares in the last quarter. Northern Trust Corp raised its stake in shares of Colgate-Palmolive by 3.0% during the 4th quarter. Northern Trust Corp now owns 10,760,664 shares of the company’s stock worth $640,475,000 after acquiring an additional 309,387 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Colgate-Palmolive by 7.9% during the 4th quarter. Geode Capital Management LLC now owns 10,540,277 shares of the company’s stock worth $626,200,000 after acquiring an additional 768,550 shares in the last quarter. Institutional investors and hedge funds own 74.63% of the company’s stock.

Several research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Colgate-Palmolive from $71.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, March 29th. Zacks Investment Research downgraded shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. Jefferies Financial Group boosted their target price on shares of Colgate-Palmolive from $61.00 to $73.00 and gave the stock an “in-line” rating in a research report on Monday, April 29th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised shares of Colgate-Palmolive from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $62.00 to $70.00 in a research report on Monday, April 29th. Finally, ValuEngine raised shares of Colgate-Palmolive from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $69.53.

CL stock opened at $71.20 on Friday. The firm has a market capitalization of $61.13 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 4.69 and a beta of 0.81. The company has a current ratio of 1.07, a quick ratio of 0.74 and a debt-to-equity ratio of 32.25. Colgate-Palmolive has a 12 month low of $57.41 and a 12 month high of $73.10.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, April 26th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.86 billion. Colgate-Palmolive had a net margin of 15.08% and a negative return on equity of 3,730.37%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. On average, research analysts expect that Colgate-Palmolive will post 2.83 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th were issued a $0.43 dividend. This is an increase from Colgate-Palmolive’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Wednesday, April 17th. Colgate-Palmolive’s dividend payout ratio is 57.91%.

In other news, VP Justin Skala sold 92,643 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $70.78, for a total value of $6,557,271.54. Following the sale, the vice president now directly owns 163,653 shares of the company’s stock, valued at approximately $11,583,359.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ian M. Cook sold 16,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $66.72, for a total transaction of $1,067,520.00. Following the completion of the sale, the chief executive officer now directly owns 1,146,793 shares in the company, valued at $76,514,028.96. The disclosure for this sale can be found here. Insiders sold a total of 335,211 shares of company stock worth $23,724,495 over the last ninety days. Insiders own 1.14% of the company’s stock.

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Colgate-Palmolive Profile

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. It offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; and personal care products, such as liquid hand soaps, bar soaps, shower gels, deodorants and antiperspirants, skin care products, and shampoos and conditioners.

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

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