Cohen Lawrence B Sells 200 Shares of Colgate-Palmolive (NYSE:CL)

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Cohen Lawrence B trimmed its position in Colgate-Palmolive (NYSE:CL) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,228 shares of the company’s stock after selling 200 shares during the period. Cohen Lawrence B’s holdings in Colgate-Palmolive were worth $231,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CL. DekaBank Deutsche Girozentrale raised its position in shares of Colgate-Palmolive by 57.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 444,384 shares of the company’s stock valued at $32,182,000 after buying an additional 162,627 shares in the last quarter. Close Asset Management Ltd raised its position in shares of Colgate-Palmolive by 13.3% during the 2nd quarter. Close Asset Management Ltd now owns 57,990 shares of the company’s stock valued at $4,154,000 after buying an additional 6,790 shares in the last quarter. JFG Wealth Management LLC purchased a new position in Colgate-Palmolive in the 2nd quarter worth $230,000. Advisory Services Network LLC raised its position in Colgate-Palmolive by 1.2% in the 2nd quarter. Advisory Services Network LLC now owns 52,888 shares of the company’s stock worth $3,791,000 after purchasing an additional 623 shares during the period. Finally, Coastal Investment Advisors Inc. raised its position in Colgate-Palmolive by 16.9% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,950 shares of the company’s stock worth $211,000 after purchasing an additional 427 shares during the period. 75.64% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Ian M. Cook sold 19,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $69.92, for a total transaction of $1,363,440.00. Following the completion of the transaction, the insider now directly owns 1,186,042 shares of the company’s stock, valued at $82,928,056.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Prabha Parameswaran sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $69.35, for a total transaction of $346,750.00. Following the transaction, the insider now directly owns 20,893 shares of the company’s stock, valued at $1,448,929.55. The disclosure for this sale can be found here. Insiders sold 480,580 shares of company stock valued at $34,582,141 over the last ninety days. Corporate insiders own 1.14% of the company’s stock.

CL has been the topic of a number of analyst reports. Bank of America set a $80.00 target price on shares of Colgate-Palmolive and gave the stock a “buy” rating in a research report on Friday, July 12th. Wells Fargo & Co lifted their target price on shares of Colgate-Palmolive from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Deutsche Bank lifted their target price on shares of Colgate-Palmolive from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday, July 12th. ValuEngine cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating and set a $77.00 target price on the stock. in a research report on Friday, June 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $69.25.

Shares of Colgate-Palmolive stock opened at $71.69 on Wednesday. The company has a debt-to-equity ratio of 32.25, a current ratio of 1.13 and a quick ratio of 0.78. The stock has a market capitalization of $61.12 billion, a PE ratio of 24.14, a PEG ratio of 4.60 and a beta of 0.76. Colgate-Palmolive has a 52-week low of $57.41 and a 52-week high of $76.41. The business has a 50-day moving average price of $72.63.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, July 26th. The company reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. The business had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.88 billion. Colgate-Palmolive had a net margin of 14.77% and a negative return on equity of 10,821.98%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.77 earnings per share. On average, research analysts forecast that Colgate-Palmolive will post 2.84 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 18th will be issued a $0.43 dividend. The ex-dividend date is Wednesday, July 17th. This represents a $1.72 annualized dividend and a yield of 2.40%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 57.91%.

About Colgate-Palmolive

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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