Endurance Wealth Management Inc. Sells 51 Shares of Colgate-Palmolive Company (CL)
Endurance Wealth Management Inc. cut its holdings in shares of Colgate-Palmolive Company (NYSE:CL) by 0.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,106 shares of the company’s stock after selling 51 shares during the period. Endurance Wealth Management Inc.’s holdings in Colgate-Palmolive were worth $2,899,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in Colgate-Palmolive by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 18,821,363 shares of the company’s stock worth $1,377,537,000 after purchasing an additional 169,798 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Colgate-Palmolive by 2.6% during the first quarter. First Eagle Investment Management LLC now owns 4,782,281 shares of the company’s stock worth $350,015,000 after purchasing an additional 122,983 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Colgate-Palmolive by 84.2% during the first quarter. TIAA CREF Investment Management LLC now owns 4,554,989 shares of the company’s stock worth $333,380,000 after purchasing an additional 2,082,262 shares during the last quarter. Legal & General Group Plc boosted its holdings in Colgate-Palmolive by 5.1% during the first quarter. Legal & General Group Plc now owns 4,293,890 shares of the company’s stock worth $314,276,000 after purchasing an additional 208,905 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Colgate-Palmolive by 22.2% during the first quarter. Swiss National Bank now owns 3,667,072 shares of the company’s stock worth $268,393,000 after purchasing an additional 666,400 shares during the last quarter. 73.10% of the stock is owned by institutional investors.
In related news, Vice Chairman Franck J. Moison sold 35,000 shares of the firm’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 transaction, the insider now owns 201,411 shares of the company’s stock, valued at $14,404,914.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Patricia Verduin sold 3,833 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $72.41, for a total transaction of $277,547.53. Following the completion of the transaction, the insider now directly owns 53,022 shares in the company, valued at approximately $3,839,323.02. The disclosure for this sale can be found here. In the last three months, insiders sold 217,969 shares of company stock worth $15,693,933. 1.02% of the stock is currently owned by insiders.
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Colgate-Palmolive Company (CL) opened at 72.72 on Friday. The stock has a market capitalization of $64.05 billion, a PE ratio of 27.02 and a beta of 0.81. 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 $71.99 and a 200-day moving average of $73.17.
Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.89 billion. Colgate-Palmolive had a net margin of 15.83% and a return on equity of 3,121.95%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 earnings per share. Equities analysts expect that Colgate-Palmolive Company will post $2.89 EPS for the current fiscal year.
The firm 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Friday, October 20th. Colgate-Palmolive’s payout ratio is 59.48%.
CL has been the topic of several analyst reports. Zacks Investment Research upgraded 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. Jefferies Group LLC boosted 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. Royal Bank Of Canada restated a “hold” rating and set a $74.00 price target on shares of Colgate-Palmolive in a report on Friday, June 30th. Deutsche Bank AG restated a “hold” rating and set a $75.00 price target on shares of Colgate-Palmolive in a report on Monday, July 24th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Colgate-Palmolive in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $76.31.
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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