Partnervest Advisory Services LLC Has $337,000 Stake in Colgate-Palmolive Company (CL)
Partnervest Advisory Services LLC held its position in shares of Colgate-Palmolive Company (NYSE:CL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,544 shares of the company’s stock at the close of the second quarter. Partnervest Advisory Services LLC’s holdings in Colgate-Palmolive were worth $337,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. American Beacon Advisors Inc. acquired a new position in Colgate-Palmolive during the first quarter valued at $102,000. Proficio Capital Partners LLC raised its position 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 buying an additional 207 shares during the period. OLD Second National Bank of Aurora acquired a new position in Colgate-Palmolive during the second quarter valued at $109,000. Hanson & Doremus Investment Management raised its position 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 buying an additional 70 shares during the period. Finally, Harbour Capital Advisors LLC acquired a new position in Colgate-Palmolive during the first quarter valued at $121,000. 73.09% of the stock is currently owned by hedge funds and other institutional investors.
In related news, COO Justin Skala sold 74,374 shares of Colgate-Palmolive stock in a transaction dated 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 sale, the chief operating officer now owns 97,177 shares of the company’s stock, valued at $7,046,304.27. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Patricia Verduin sold 3,833 shares of Colgate-Palmolive stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $71.45, for a total value of $273,867.85. Following the completion of the sale, the insider now directly owns 53,173 shares in the company, valued at approximately $3,799,210.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 217,969 shares of company stock worth $15,693,933. 1.02% of the stock is owned by company insiders.
Colgate-Palmolive Company (CL) opened at 74.73 on Thursday. Colgate-Palmolive Company has a one year low of $63.43 and a one year high of $77.27. The stock’s 50 day moving average price is $72.15 and its 200-day moving average price is $73.16. The firm has a market cap of $65.83 billion, a price-to-earnings ratio of 27.77 and a beta of 0.81.
Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.72. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. Analysts forecast that Colgate-Palmolive Company will post $2.89 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Monday, October 23rd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, October 20th. Colgate-Palmolive’s dividend payout ratio is currently 59.48%.
Several research analysts recently weighed in on the company. BidaskClub lowered Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Royal Bank Of Canada reissued a “hold” rating and set a $74.00 price target on shares of Colgate-Palmolive in a research report on Friday, June 30th. Zacks Investment Research raised Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Tuesday, July 4th. Jefferies Group LLC upped their price target on Colgate-Palmolive from $76.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, July 6th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $75.00 price target on shares of Colgate-Palmolive in a research report on Monday, July 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. Colgate-Palmolive presently has an average rating of “Hold” and a consensus 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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