First Trust Advisors LP boosted its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 31.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 342,820 shares of the company’s stock after purchasing an additional 81,087 shares during the quarter. First Trust Advisors LP’s holdings in Colgate-Palmolive were worth $25,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Alliancebernstein L.P. raised its stake in Colgate-Palmolive by 4.2% in the first quarter. Alliancebernstein L.P. now owns 1,899,356 shares of the company’s stock valued at $139,014,000 after buying an additional 77,414 shares during the last quarter. Israel Discount Bank of New York purchased a new stake in Colgate-Palmolive in the first quarter valued at about $1,349,000. Principal Financial Group Inc. raised its stake in Colgate-Palmolive by 0.6% in the first quarter. Principal Financial Group Inc. now owns 1,271,008 shares of the company’s stock valued at $93,025,000 after buying an additional 7,905 shares during the last quarter. Personal Capital Advisors Corp raised its stake in Colgate-Palmolive by 5.8% in the second quarter. Personal Capital Advisors Corp now owns 394,028 shares of the company’s stock valued at $29,209,000 after buying an additional 21,456 shares during the last quarter. Finally, Shelton Capital Management raised its stake in Colgate-Palmolive by 37.2% in the first quarter. Shelton Capital Management now owns 41,487 shares of the company’s stock valued at $3,036,000 after buying an additional 11,242 shares during the last quarter. 73.09% of the stock is currently owned by institutional investors.

Shares of Colgate-Palmolive Company (CL) opened at 75.16 on Friday. The firm has a market capitalization of $66.20 billion, a price-to-earnings ratio of 27.93 and a beta of 0.81. The firm has a 50-day moving average price of $72.26 and a 200 day moving average price of $73.18. Colgate-Palmolive Company has a one year low of $63.43 and a one year high of $77.27.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. The business had revenue of $3.83 billion during 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%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 EPS. Equities analysts forecast that Colgate-Palmolive Company will post $2.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Monday, October 23rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, October 20th. Colgate-Palmolive’s dividend payout ratio (DPR) is 59.48%.

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In related news, 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 value of $277,547.53. Following the completion of the transaction, the insider now directly owns 53,022 shares of the company’s stock, valued at approximately $3,839,323.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John J. Huston sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $71.36, for a total value of $999,040.00. Following the completion of the transaction, the senior vice president now directly owns 88,598 shares of the company’s stock, valued at $6,322,353.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 217,969 shares of company stock valued at $15,693,933. Company insiders own 1.02% of the company’s stock.

A number of research firms have commented on CL. Jefferies Group LLC reiterated a “hold” rating and issued a $79.00 price target on shares of Colgate-Palmolive in a research note on Thursday, September 28th. Zacks Investment Research upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Monday, October 2nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $74.00 price target on shares of Colgate-Palmolive in a research note on Sunday, October 8th. SunTrust Banks, Inc. upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, BidaskClub cut Colgate-Palmolive from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. Colgate-Palmolive currently has an average rating of “Hold” and an average target price of $76.31.

Colgate-Palmolive Company Profile

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.

Institutional Ownership by Quarter for Colgate-Palmolive (NYSE:CL)

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