Colgate-Palmolive Company (CL) Shares Sold by Tredje AP fonden
Tredje AP fonden lowered its position in shares of Colgate-Palmolive Company (NYSE:CL) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,864 shares of the company’s stock after selling 1,353 shares during the period. Tredje AP fonden’s holdings in Colgate-Palmolive were worth $5,552,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. AlphaMark Advisors LLC raised its position in shares of Colgate-Palmolive by 452.1% in the first quarter. AlphaMark Advisors LLC now owns 1,673 shares of the company’s stock worth $122,000 after buying an additional 1,370 shares during the period. North Star Investment Management Corp. raised its position in Colgate-Palmolive by 3.9% in the first quarter. North Star Investment Management Corp. now owns 1,797 shares of the company’s stock worth $132,000 after buying an additional 67 shares during the last quarter. Blue Chip Partners Inc. raised its position in Colgate-Palmolive by 0.4% in the first quarter. Blue Chip Partners Inc. now owns 1,805 shares of the company’s stock worth $132,000 after buying an additional 8 shares during the last quarter. Advantage Investment Management LLC raised its position in Colgate-Palmolive by 16.8% in the first quarter. Advantage Investment Management LLC now owns 1,850 shares of the company’s stock worth $135,000 after buying an additional 266 shares during the last quarter. Finally, Heritage Trust Co purchased a new position in Colgate-Palmolive during the first quarter worth about $146,000. 73.69% of the stock is currently owned by institutional investors.
Colgate-Palmolive Company (NYSE CL) traded up 0.52% during trading on Friday, hitting $71.15. The company had a trading volume of 2,162,356 shares. The company has a market capitalization of $62.67 billion, a price-to-earnings ratio of 26.44 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 firm has a 50-day moving average of $71.99 and a 200 day moving average of $73.12.
Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, July 21st. The company reported $0.72 EPS for the quarter, meeting the consensus estimate of $0.72. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. Colgate-Palmolive’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts forecast that Colgate-Palmolive Company will post $2.89 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, July 18th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, July 14th. This represents a $1.60 annualized dividend and a yield of 2.25%. Colgate-Palmolive’s payout ratio is 59.48%.
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A number of research firms recently issued reports on CL. UBS AG reaffirmed a “neutral” rating and set a $78.00 target price (down from $79.00) on shares of Colgate-Palmolive in a report on Tuesday, May 2nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $79.00 target price on shares of Colgate-Palmolive in a report on Thursday. BidaskClub lowered Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 target price on shares of Colgate-Palmolive in a report on Thursday, May 25th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $75.00 target price on shares of Colgate-Palmolive in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $75.82.
In related news, SVP John J. Huston sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $71.36, for a total value of $999,040.00. Following the transaction, the senior vice president now owns 88,598 shares in the company, valued at $6,322,353.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Franck J. Moison sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $71.52, for a total value of $2,503,200.00. Following the completion of the transaction, the insider now owns 201,411 shares in the company, valued at approximately $14,404,914.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 221,802 shares of company stock worth $15,983,976. 1.02% of the stock is owned by company 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.
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