AKO Capital LLP Has $37.33 Million Position in Colgate-Palmolive Company (CL)
AKO Capital LLP reduced its holdings in Colgate-Palmolive Company (NYSE:CL) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 503,568 shares of the company’s stock after selling 3,208 shares during the quarter. Colgate-Palmolive makes up 3.3% of AKO Capital LLP’s portfolio, making the stock its 14th biggest holding. AKO Capital LLP owned approximately 0.06% of Colgate-Palmolive worth $37,329,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in CL. TIAA CREF Investment Management LLC increased its stake in Colgate-Palmolive by 84.2% in the first quarter. TIAA CREF Investment Management LLC now owns 4,554,989 shares of the company’s stock valued at $333,380,000 after purchasing an additional 2,082,262 shares during the last quarter. Swiss National Bank increased its stake in Colgate-Palmolive by 22.2% in the first quarter. Swiss National Bank now owns 3,667,072 shares of the company’s stock valued at $268,393,000 after purchasing an additional 666,400 shares during the last quarter. Karp Capital Management Corp increased its stake in Colgate-Palmolive by 3,749.4% in the first quarter. Karp Capital Management Corp now owns 381,210 shares of the company’s stock valued at $27,901,000 after purchasing an additional 371,307 shares during the last quarter. Teachers Advisors LLC increased its stake in Colgate-Palmolive by 25.4% in the first quarter. Teachers Advisors LLC now owns 1,814,250 shares of the company’s stock valued at $132,785,000 after purchasing an additional 367,977 shares during the last quarter. Finally, Scopus Asset Management L.P. acquired a new position in Colgate-Palmolive in the first quarter valued at $25,617,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.
Several research firms recently commented on CL. BidaskClub lowered Colgate-Palmolive from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Royal Bank Of Canada restated a “hold” rating and set a $74.00 price target on shares of Colgate-Palmolive in a research note on Friday, June 30th. Zacks Investment Research upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Tuesday, July 4th. Jefferies Group LLC upped their price target on Colgate-Palmolive from $76.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, July 6th. Finally, Deutsche Bank AG restated a “hold” rating and set a $75.00 price target on shares of Colgate-Palmolive in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. Colgate-Palmolive has an average rating of “Hold” and a consensus target price of $76.31.
In related news, insider Patricia Verduin sold 3,833 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $72.41, for a total transaction of $277,547.53. Following the transaction, the insider now directly owns 53,022 shares in the company, valued at $3,839,323.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John T. Cahill sold 8,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $72.47, for a total value of $579,760.00. Following the transaction, the director now owns 31,786 shares in the company, valued at $2,303,531.42. The disclosure for this sale can be found here. Insiders have sold 217,969 shares of company stock worth $15,693,933 over the last 90 days. Corporate insiders own 1.02% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another domain, it was stolen and republished in violation of international copyright law. The original version of this report can be read at https://www.thecerbatgem.com/2017/10/08/ako-capital-llp-has-37-33-million-position-in-colgate-palmolive-company-cl.html.
Shares of Colgate-Palmolive Company (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 50 day moving average price of $71.99 and a 200-day moving average price of $73.17. The firm has a market cap of $64.05 billion, a price-to-earnings ratio of 27.02 and a beta of 0.81.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Friday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the company posted $0.70 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts expect that Colgate-Palmolive Company will post $2.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Monday, October 23rd will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, October 20th. This represents a $1.60 annualized dividend and a yield of 2.20%. Colgate-Palmolive’s dividend payout ratio is 59.48%.
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.