Barings LLC Raises Holdings in Colgate-Palmolive Company (CL)
Barings LLC boosted its position in shares of Colgate-Palmolive Company (NYSE:CL) by 115.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 60,830 shares of the company’s stock after acquiring an additional 32,638 shares during the quarter. Barings LLC’s holdings in Colgate-Palmolive were worth $4,452,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Westwood Holdings Group Inc. lifted its holdings in shares of Colgate-Palmolive by 0.6% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,257,564 shares of the company’s stock valued at $92,040,000 after buying an additional 7,532 shares during the period. Baker Avenue Asset Management LP lifted its holdings in shares of Colgate-Palmolive by 20.1% in the 1st quarter. Baker Avenue Asset Management LP now owns 4,306 shares of the company’s stock valued at $315,000 after buying an additional 720 shares during the period. Edgestream Partners L.P. lifted its holdings in shares of Colgate-Palmolive by 128.1% in the 1st quarter. Edgestream Partners L.P. now owns 14,780 shares of the company’s stock valued at $1,082,000 after buying an additional 8,301 shares during the period. Shelton Capital Management lifted its holdings in shares of Colgate-Palmolive by 37.2% in the 1st quarter. Shelton Capital Management now owns 41,487 shares of the company’s stock valued at $3,036,000 after buying an additional 11,242 shares during the period. Finally, National Asset Management Inc. lifted its holdings in shares of Colgate-Palmolive by 21.0% in the 1st quarter. National Asset Management Inc. now owns 8,616 shares of the company’s stock valued at $632,000 after buying an additional 1,497 shares during the period. 73.16% of the stock is owned by institutional investors.
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In other Colgate-Palmolive news, SVP John J. Huston sold 14,000 shares of Colgate-Palmolive stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $71.36, for a total value of $999,040.00. Following the completion of the sale, the senior vice president now directly owns 88,598 shares of the company’s stock, valued at approximately $6,322,353.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Patricia Verduin sold 3,833 shares of Colgate-Palmolive stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $71.45, for a total transaction of $273,867.85. Following the completion of the sale, the insider now directly owns 53,173 shares of the company’s stock, valued at $3,799,210.85. The disclosure for this sale can be found here. Insiders sold a total of 221,802 shares of company stock valued at $15,983,976 over the last ninety days. 1.02% of the stock is owned by corporate insiders.
Several equities analysts have recently issued reports on CL shares. Bank of America Corporation boosted their price objective on Colgate-Palmolive from $78.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, May 31st. Zacks Investment Research raised Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Tuesday, July 4th. Wells Fargo & Company reissued a “market perform” rating on shares of Colgate-Palmolive in a report on Monday, July 24th. BidaskClub cut Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $76.00 price objective on shares of Colgate-Palmolive in a report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $75.82.
Colgate-Palmolive Company (NYSE CL) traded up 0.26% during trading on Monday, reaching $72.01. The company had a trading volume of 864,884 shares. Colgate-Palmolive Company has a 1-year low of $63.43 and a 1-year high of $77.27. The firm has a 50-day moving average of $71.61 and a 200-day moving average of $73.33. The stock has a market capitalization of $63.43 billion, a price-to-earnings ratio of 26.76 and a beta of 0.80.
Colgate-Palmolive (NYSE:CL) last issued 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 net margin of 15.83% and a return on equity of 3,121.95%. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the company posted $0.70 EPS. The company’s revenue was down .5% on a year-over-year basis. On average, analysts anticipate that Colgate-Palmolive Company will post $2.89 EPS for the current fiscal year.
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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