Colgate-Palmolive Company (NYSE:CL) Position Maintained by LLBH Private Wealth Management LLC
LLBH Private Wealth Management LLC held its stake in shares of Colgate-Palmolive Company (NYSE:CL) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,208 shares of the company’s stock at the end of the first quarter. LLBH Private Wealth Management LLC’s holdings in Colgate-Palmolive were worth $674,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in CL. Cpcm LLC acquired a new stake in Colgate-Palmolive during the fourth quarter valued at approximately $913,000. Flinton Capital Management LLC acquired a new stake in Colgate-Palmolive during the fourth quarter valued at approximately $7,665,000. Ally Financial Inc. acquired a new stake in Colgate-Palmolive during the fourth quarter valued at approximately $1,309,000. Renaissance Technologies LLC boosted its stake in Colgate-Palmolive by 23.4% in the fourth quarter. Renaissance Technologies LLC now owns 8,453,600 shares of the company’s stock valued at $553,204,000 after buying an additional 1,605,600 shares in the last quarter. Finally, Shelton Capital Management boosted its stake in Colgate-Palmolive by 0.3% in the fourth quarter. Shelton Capital Management now owns 30,245 shares of the company’s stock valued at $1,979,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 73.74% of the company’s stock.
Shares of Colgate-Palmolive Company (NYSE CL) traded down 0.03% during midday trading on Thursday, hitting $71.60. The stock had a trading volume of 2,658,992 shares. The company’s 50 day moving average price is $73.87 and its 200-day moving average price is $72.62. Colgate-Palmolive Company has a 1-year low of $63.43 and a 1-year high of $77.27. The firm has a market capitalization of $63.07 billion, a PE ratio of 26.62 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 analysts’ consensus estimates of $0.72. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 EPS. Equities analysts predict that Colgate-Palmolive Company will post $2.89 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders 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 dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, July 14th. Colgate-Palmolive’s payout ratio is presently 59.48%.
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Several analysts recently commented on CL shares. Bank of America Corporation raised their target price on Colgate-Palmolive from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, May 31st. Zacks Investment Research lowered Colgate-Palmolive from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Vetr lowered 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. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 price target on shares of Colgate-Palmolive in a research note on Thursday, May 25th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $76.00 price objective on shares of Colgate-Palmolive in a research note on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $75.82.
In other news, SVP John J. Huston sold 14,000 shares of Colgate-Palmolive stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $71.53, for a total transaction of $1,001,420.00. Following the sale, the senior vice president now owns 102,838 shares in the company, valued at $7,356,002.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard J. Kogan sold 8,000 shares of Colgate-Palmolive stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $71.92, for a total transaction of $575,360.00. Following the sale, the director now owns 73,065 shares in the company, valued at approximately $5,254,834.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 112,040 shares of company stock worth $8,116,989. 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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