Supplemental Annuity Collective Trust of NJ lessened its stake in Colgate-Palmolive Company (NYSE:CL) by 6.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,000 shares of the company’s stock after selling 798 shares during the quarter. Supplemental Annuity Collective Trust of NJ’s holdings in Colgate-Palmolive were worth $890,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Blue Chip Partners Inc. raised its stake in Colgate-Palmolive by 0.4% during the first quarter. Blue Chip Partners Inc. now owns 1,805 shares of the company’s stock worth $132,000 after acquiring an additional 8 shares in the last quarter. Cue Financial Group Inc. raised its stake in Colgate-Palmolive by 0.3% during the second quarter. Cue Financial Group Inc. now owns 4,854 shares of the company’s stock worth $360,000 after acquiring an additional 14 shares in the last quarter. Cornerstone Financial Partners LLC raised its stake in Colgate-Palmolive by 0.5% during the second quarter. Cornerstone Financial Partners LLC now owns 3,813 shares of the company’s stock worth $282,000 after acquiring an additional 19 shares in the last quarter. M Holdings Securities Inc. raised its stake in Colgate-Palmolive by 0.4% during the first quarter. M Holdings Securities Inc. now owns 5,366 shares of the company’s stock worth $393,000 after acquiring an additional 21 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its stake in Colgate-Palmolive by 0.3% during the second quarter. Capital Investment Advisors LLC now owns 8,318 shares of the company’s stock worth $617,000 after acquiring an additional 27 shares in the last quarter. 73.10% of the stock is owned by institutional investors and hedge funds.

In other Colgate-Palmolive news, CFO Dennis J. Hickey sold 73,872 shares of Colgate-Palmolive stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $71.80, for a total value of $5,304,009.60. Following the transaction, the chief financial officer now directly owns 484,985 shares of the company’s stock, valued at approximately $34,821,923. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Justin Skala sold 74,374 shares of Colgate-Palmolive stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $72.51, for a total value of $5,392,858.74. Following the completion of the transaction, the chief operating officer now directly owns 97,177 shares in the company, valued at $7,046,304.27. The disclosure for this sale can be found here. Over the last three months, insiders have sold 217,969 shares of company stock worth $15,693,933. 1.02% of the stock is currently owned by insiders.

Shares of Colgate-Palmolive Company (NYSE CL) opened at 72.85 on Friday. The company has a 50-day moving average price of $71.58 and a 200 day moving average price of $73.27. The company has a market capitalization of $64.17 billion, a PE ratio of 27.07 and a beta of 0.80. Colgate-Palmolive Company has a one year low of $63.43 and a one year high of $77.27.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, July 21st. The company reported $0.72 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.72. The company had revenue of $3.83 billion for 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 for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm posted $0.70 EPS. Equities analysts anticipate that Colgate-Palmolive Company will post $2.89 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Monday, October 23rd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.20%. Colgate-Palmolive’s dividend payout ratio is 59.48%.

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Several brokerages have commented on CL. Zacks Investment Research raised Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Monday, September 25th. BidaskClub downgraded Colgate-Palmolive from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Deutsche Bank AG reissued a “hold” rating and set a $75.00 target price on shares of Colgate-Palmolive in a research note on Monday, July 24th. Wells Fargo & Company reissued a “market perform” rating on shares of Colgate-Palmolive in a research note on Monday, July 24th. Finally, Jefferies Group LLC boosted their target price on Colgate-Palmolive from $76.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, July 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $76.18.

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.

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

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