TD Asset Management Inc. Has $88.49 Million Holdings in Colgate-Palmolive Company (CL)
TD Asset Management Inc. lowered its position in shares of Colgate-Palmolive Company (NYSE:CL) by 8.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,193,636 shares of the company’s stock after selling 108,354 shares during the quarter. TD Asset Management Inc. owned 0.14% of Colgate-Palmolive worth $88,485,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. American Beacon Advisors Inc. purchased a new position in Colgate-Palmolive during the first quarter valued at approximately $102,000. Proficio Capital Partners LLC lifted its holdings in Colgate-Palmolive by 16.9% during the first quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock valued at $107,000 after purchasing an additional 207 shares in the last quarter. OLD Second National Bank of Aurora purchased a new position in Colgate-Palmolive during the second quarter valued at approximately $109,000. Hanson & Doremus Investment Management lifted its holdings in Colgate-Palmolive by 4.5% during the second quarter. Hanson & Doremus Investment Management now owns 1,630 shares of the company’s stock valued at $121,000 after purchasing an additional 70 shares in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new position in Colgate-Palmolive during the first quarter valued at approximately $121,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently commented on CL shares. Zacks Investment Research raised shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Monday, September 25th. BidaskClub downgraded shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Deutsche Bank AG reissued a “hold” rating and issued a $75.00 target price on shares of Colgate-Palmolive in a report on Monday, July 24th. Wells Fargo & Company reissued a “market perform” rating on shares of Colgate-Palmolive in a report on Monday, July 24th. Finally, Jefferies Group LLC boosted their target price 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. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. Colgate-Palmolive currently has a consensus rating of “Hold” and a consensus price target of $76.31.
In other news, CFO Dennis J. Hickey sold 73,872 shares of Colgate-Palmolive stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $71.80, for a total transaction of $5,304,009.60. Following the transaction, the chief financial officer now owns 484,985 shares in the company, valued at approximately $34,821,923. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Franck J. Moison sold 35,000 shares of Colgate-Palmolive stock in a transaction on Monday, August 7th. The stock was 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 in the company, valued at approximately $14,404,914.72. The disclosure for this sale can be found here. Insiders sold a total of 217,969 shares of company stock worth $15,693,933 in the last 90 days. 1.02% of the stock is currently owned by insiders.
Shares of Colgate-Palmolive Company (NYSE CL) opened at 72.72 on Friday. Colgate-Palmolive Company has a 1-year low of $63.43 and a 1-year high of $77.27. The stock has a market cap of $64.05 billion, a P/E ratio of 27.02 and a beta of 0.81. The company’s 50-day moving average is $71.99 and its 200-day moving average is $73.17.
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 analysts’ consensus estimates of $0.72. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.89 billion. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 EPS. Equities analysts expect that Colgate-Palmolive Company will post $2.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, October 23rd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.20%. Colgate-Palmolive’s payout ratio is currently 59.48%.
TRADEMARK VIOLATION NOTICE: This story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/10/07/td-asset-management-inc-has-88-49-million-holdings-in-colgate-palmolive-company-cl.html.
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.
Want to see what other hedge funds are holding CL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Colgate-Palmolive Company (NYSE:CL).
Receive News & Stock Ratings for Colgate-Palmolive Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colgate-Palmolive Company and related stocks with our FREE daily email newsletter.