Birmingham Capital Management Co. Inc. AL Maintains Position in Colgate-Palmolive Company (NYSE:CL)
Birmingham Capital Management Co. Inc. AL continued to hold its position in shares of Colgate-Palmolive Company (NYSE:CL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,856 shares of the company’s stock at the end of the first quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Colgate-Palmolive were worth $1,234,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Advantage Investment Management LLC purchased a new position in shares of Colgate-Palmolive during the fourth quarter valued at about $104,000. Security Asset Management purchased a new position in shares of Colgate-Palmolive during the fourth quarter valued at about $131,000. SRS Capital Advisors Inc. purchased a new position in shares of Colgate-Palmolive during the fourth quarter valued at about $132,000. North Star Investment Management Corp. boosted its position in shares of Colgate-Palmolive by 3.9% in the first quarter. North Star Investment Management Corp. now owns 1,797 shares of the company’s stock valued at $132,000 after buying an additional 67 shares during the period. Finally, Kistler Tiffany Companies LLC boosted its position in shares of Colgate-Palmolive by 8.8% in the first quarter. Kistler Tiffany Companies LLC now owns 2,035 shares of the company’s stock valued at $149,000 after buying an additional 165 shares during the period. 73.74% of the stock is owned by institutional investors.
Colgate-Palmolive Company (NYSE:CL) traded down 0.03% during trading on Thursday, hitting $71.60. 2,660,197 shares of the company’s stock were exchanged. The firm has a market cap of $63.07 billion, a price-to-earnings ratio of 26.62 and a beta of 0.80. Colgate-Palmolive Company has a 12-month low of $63.43 and a 12-month high of $77.27. The company’s 50-day moving average price is $73.87 and its 200 day moving average price is $72.62.
Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, July 21st. The company reported $0.72 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.72. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. Colgate-Palmolive’s quarterly revenue was down .5% on a year-over-year basis. Equities analysts forecast that Colgate-Palmolive Company will post $2.89 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, July 18th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Friday, July 14th. Colgate-Palmolive’s dividend payout ratio is presently 59.48%.
ILLEGAL ACTIVITY NOTICE: “Birmingham Capital Management Co. Inc. AL Maintains Position in Colgate-Palmolive Company (NYSE:CL)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/08/03/colgate-palmolive-company-nysecl-stake-held-by-birmingham-capital-management-co-inc-al-updated-updated-updated.html.
CL has been the subject of several recent analyst reports. Bank of America Corporation lifted their target price on shares of Colgate-Palmolive from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. Zacks Investment Research raised shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Friday, April 7th. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 price target on shares of Colgate-Palmolive in a research note on Friday, June 30th. Jefferies Group LLC reduced their price target on shares of Colgate-Palmolive from $78.00 to $76.00 and set a “hold” rating for the company in a research note on Monday, May 1st. Finally, Vetr lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating and set a $76.67 price target for the company. in a research note on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. Colgate-Palmolive currently has a consensus rating of “Hold” and a consensus target price of $75.82.
In other Colgate-Palmolive news, SVP John J. Huston sold 14,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $71.53, for a total value of $1,001,420.00. Following the sale, the senior vice president now owns 102,838 shares of the company’s stock, valued at $7,356,002.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Justin Skala sold 74,374 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $72.51, for a total value of $5,392,858.74. Following the completion of the sale, the chief operating officer now directly owns 97,177 shares in the company, valued at approximately $7,046,304.27. The disclosure for this sale can be found here. Insiders have sold 117,097 shares of company stock worth $8,480,638 in the last ninety days. 1.02% of the stock is currently owned by corporate insiders.
Colgate-Palmolive Company 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.
Receive News & Stock Ratings for Colgate-Palmolive Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colgate-Palmolive Company and related stocks with our FREE daily email newsletter.