Seaward Management Limited Partnership trimmed its position in shares of Colgate-Palmolive Company (NYSE:CL) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,667 shares of the company’s stock after selling 6,047 shares during the period. Seaward Management Limited Partnership’s holdings in Colgate-Palmolive were worth $13,244,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CL. Pioneer Investment Management Inc. increased its position in shares of Colgate-Palmolive by 27.8% during the second quarter. Pioneer Investment Management Inc. now owns 2,061,196 shares of the company’s stock worth $152,796,000 after acquiring an additional 447,949 shares during the period. BP PLC increased its position in shares of Colgate-Palmolive by 22.5% during the second quarter. BP PLC now owns 136,000 shares of the company’s stock worth $10,082,000 after acquiring an additional 25,000 shares during the period. Cliftonlarsonallen Wealth Advisors LLC increased its position in shares of Colgate-Palmolive by 3.4% during the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 12,358 shares of the company’s stock worth $916,000 after acquiring an additional 408 shares during the period. Advisor Partners LLC increased its position in shares of Colgate-Palmolive by 7.2% during the second quarter. Advisor Partners LLC now owns 14,232 shares of the company’s stock worth $1,055,000 after acquiring an additional 962 shares during the period. Finally, British Airways Pensions Investment Management Ltd purchased a new stake in shares of Colgate-Palmolive during the second quarter worth $34,347,000. Institutional investors own 73.09% of the company’s stock.

A number of analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed a “hold” rating and set a $74.00 price objective on shares of Colgate-Palmolive in a research report on Sunday. Zacks Investment Research lowered Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BidaskClub lowered Colgate-Palmolive from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $79.00 price objective on shares of Colgate-Palmolive in a research report on Thursday, August 24th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $75.00 price objective on shares of Colgate-Palmolive in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. Colgate-Palmolive has a consensus rating of “Hold” and an average price target of $76.31.

In related news, COO Justin Skala sold 74,374 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $72.51, for a total transaction of $5,392,858.74. Following the completion of the sale, the chief operating officer now owns 97,177 shares of the company’s stock, valued at approximately $7,046,304.27. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Patricia Verduin sold 3,833 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $72.41, for a total transaction of $277,547.53. Following the sale, the insider now directly owns 53,022 shares of the company’s stock, valued at approximately $3,839,323.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 217,969 shares of company stock valued at $15,693,933. Insiders own 1.02% of the company’s stock.

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Shares of Colgate-Palmolive Company (NYSE CL) opened at 72.72 on Monday. The stock’s 50 day moving average is $71.99 and its 200 day moving average is $73.17. The firm has a market cap of $64.05 billion, a P/E ratio of 27.02 and a beta of 0.81. Colgate-Palmolive Company has a 52 week low of $63.43 and a 52 week 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 analysts’ consensus estimates of $0.72. Colgate-Palmolive had a net margin of 15.83% and a return on equity of 3,121.95%. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts predict that Colgate-Palmolive Company will post $2.89 earnings per share 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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, October 20th. Colgate-Palmolive’s dividend payout ratio is presently 59.48%.

About Colgate-Palmolive

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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