Colgate-Palmolive Company (NYSE:CL) Position Maintained by Pettyjohn Wood & White Inc.
Pettyjohn Wood & White Inc. maintained 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 3,186 shares of the company’s stock at the end of the first quarter. Pettyjohn Wood & White Inc.’s holdings in Colgate-Palmolive were worth $233,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. A.R.T. Advisors LLC boosted its position in Colgate-Palmolive by 93.5% in the fourth quarter. A.R.T. Advisors LLC now owns 26,700 shares of the company’s stock worth $1,747,000 after buying an additional 12,900 shares during the last quarter. Sandhill Capital Partners LLC raised its stake in shares of Colgate-Palmolive by 6.4% in the fourth quarter. Sandhill Capital Partners LLC now owns 9,861 shares of the company’s stock worth $645,000 after buying an additional 593 shares during the last quarter. Intact Investment Management Inc. bought a new stake in shares of Colgate-Palmolive during the fourth quarter worth $2,264,000. Scotia Capital Inc. raised its stake in shares of Colgate-Palmolive by 0.6% in the fourth quarter. Scotia Capital Inc. now owns 26,658 shares of the company’s stock worth $1,746,000 after buying an additional 172 shares during the last quarter. Finally, AMF Pensionsforsakring AB raised its stake in shares of Colgate-Palmolive by 5.8% in the fourth quarter. AMF Pensionsforsakring AB now owns 910,424 shares of the company’s stock worth $59,578,000 after buying an additional 49,800 shares during the last quarter. Institutional investors own 73.85% of the company’s stock.
Shares of Colgate-Palmolive Company (CL) traded up 0.36% during midday trading on Monday, hitting $71.74. 2,047,829 shares of the stock traded hands. 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 12-month low of $63.43 and a 12-month high of $77.27. The stock has a market cap of $63.19 billion, a price-to-earnings ratio of 26.66 and a beta of 0.80.
Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. Colgate-Palmolive’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 earnings per share. On average, equities research analysts expect that Colgate-Palmolive Company will post $2.89 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, July 18th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.23%. The ex-dividend date is Friday, July 14th. Colgate-Palmolive’s payout ratio is 59.48%.
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Several equities research analysts recently commented on the stock. UBS AG reissued a “neutral” rating and set a $78.00 price objective (down previously from $79.00) on shares of Colgate-Palmolive in a research note on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $74.00 target price on shares of Colgate-Palmolive in a report on Monday, April 24th. Jefferies Group LLC initiated coverage on shares of Colgate-Palmolive in a report on Tuesday, April 18th. They issued a “hold” rating and a $78.00 target price for the company. BidaskClub cut shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Colgate-Palmolive in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $75.82.
In other news, SVP John J. Huston sold 14,000 shares of the firm’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 completion of the transaction, the senior vice president now owns 102,838 shares in the company, valued at $7,356,002.14. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Patricia Verduin sold 3,833 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $75.67, for a total value of $290,043.11. Following the completion of the transaction, the insider now owns 53,022 shares of the company’s stock, valued at approximately $4,012,174.74. The disclosure for this sale can be found here. Insiders sold 109,097 shares of company stock valued at $7,905,278 in the last quarter. 1.02% of the stock is currently owned by company insiders.
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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