Thompson Rubinstein Investment Management Inc. OR lowered its holdings in shares of Colgate-Palmolive Company (NYSE:CL) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 60,889 shares of the company’s stock after selling 1,050 shares during the period. Colgate-Palmolive comprises about 1.7% of Thompson Rubinstein Investment Management Inc. OR’s investment portfolio, making the stock its 22nd biggest position. Thompson Rubinstein Investment Management Inc. OR’s holdings in Colgate-Palmolive were worth $4,514,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CL. Blue Chip Partners Inc. grew its holdings in Colgate-Palmolive by 0.4% in the 1st quarter. Blue Chip Partners Inc. now owns 1,805 shares of the company’s stock worth $132,000 after acquiring an additional 8 shares during the last quarter. M Holdings Securities Inc. grew its holdings in Colgate-Palmolive by 0.4% in the 1st quarter. M Holdings Securities Inc. now owns 5,366 shares of the company’s stock worth $393,000 after acquiring an additional 21 shares during the last quarter. Savant Capital LLC grew its holdings in Colgate-Palmolive by 0.3% in the 1st quarter. Savant Capital LLC now owns 10,526 shares of the company’s stock worth $770,000 after acquiring an additional 30 shares during the last quarter. Smith Moore & CO. grew its holdings in Colgate-Palmolive by 0.3% in the 1st quarter. Smith Moore & CO. now owns 10,373 shares of the company’s stock worth $759,000 after acquiring an additional 32 shares during the last quarter. Finally, Front Street Capital Management Inc. grew its holdings in Colgate-Palmolive by 0.4% in the 1st quarter. Front Street Capital Management Inc. now owns 8,586 shares of the company’s stock worth $628,000 after acquiring an additional 32 shares during the last quarter. 73.16% of the stock is currently owned by institutional investors.

A number of brokerages have issued reports on CL. Bank of America Corporation raised their price target 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. BidaskClub lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 price target on shares of Colgate-Palmolive in a report on Thursday, May 25th. Zacks Investment Research raised shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Tuesday, July 4th. Finally, Jefferies Group LLC raised their price target on shares of Colgate-Palmolive from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. Colgate-Palmolive currently has an average rating of “Hold” and a consensus price target of $75.83.

Colgate-Palmolive Company (NYSE CL) traded up 0.19% during midday trading on Friday, hitting $72.28. 4,662,365 shares of the stock traded hands. The firm’s 50-day moving average is $71.57 and its 200-day moving average is $73.28. Colgate-Palmolive Company has a 52-week low of $63.43 and a 52-week high of $77.27. The company has a market cap of $63.67 billion, a price-to-earnings ratio of 26.86 and a beta of 0.80.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Friday, July 21st. The company reported $0.72 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.72. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. Analysts predict that Colgate-Palmolive Company will post $2.89 EPS for the current year.

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In other news, insider Patricia Verduin sold 3,833 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $71.45, for a total value of $273,867.85. Following the transaction, the insider now directly owns 53,173 shares in the company, valued at $3,799,210.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP John J. Huston sold 14,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $71.36, for a total transaction of $999,040.00. Following the completion of the transaction, the senior vice president now owns 88,598 shares in the company, valued at $6,322,353.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 217,969 shares of company stock worth $15,693,933. Company insiders own 1.02% of the company’s stock.

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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Institutional Ownership by Quarter for Colgate-Palmolive (NYSE:CL)

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