BB&T Securities LLC grew its holdings in shares of Colgate-Palmolive Company (NYSE:CL) by 44.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,534 shares of the company’s stock after purchasing an additional 19,265 shares during the quarter. BB&T Securities LLC’s holdings in Colgate-Palmolive were worth $4,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of Colgate-Palmolive by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 18,821,363 shares of the company’s stock valued at $1,377,537,000 after purchasing an additional 169,798 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Colgate-Palmolive by 2.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 4,891,131 shares of the company’s stock valued at $362,580,000 after purchasing an additional 108,850 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Colgate-Palmolive by 84.2% during the 1st 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. Legal & General Group Plc increased its position in shares of Colgate-Palmolive by 2.2% during the 2nd quarter. Legal & General Group Plc now owns 4,390,317 shares of the company’s stock valued at $325,461,000 after purchasing an additional 96,427 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Colgate-Palmolive by 22.2% during the 1st 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. 73.09% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “BB&T Securities LLC Grows Stake in Colgate-Palmolive Company (CL)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/21/bbt-securities-llc-grows-stake-in-colgate-palmolive-company-cl.html.

Several research firms have recently commented on CL. KeyCorp reaffirmed a “hold” rating on shares of Colgate-Palmolive in a research report on Monday, October 16th. Jefferies Group LLC reaffirmed a “hold” rating and set a $79.00 price target on shares of Colgate-Palmolive in a research report on Thursday, September 28th. Zacks Investment Research lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Finally, Macquarie began coverage on Colgate-Palmolive in a research note on Thursday, September 14th. They set a “neutral” rating and a $76.00 price objective for the company. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $76.85.

Colgate-Palmolive Company (NYSE CL) opened at 72.32 on Friday. The company has a market capitalization of $63.70 billion, a P/E ratio of 26.87 and a beta of 0.81. Colgate-Palmolive Company has a 1-year low of $63.43 and a 1-year high of $77.27. The firm has a 50-day moving average price of $72.83 and a 200 day moving average price of $73.22.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, July 21st. The company reported $0.72 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.72. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. On average, equities analysts predict that Colgate-Palmolive Company will post $2.90 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders 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 2.21%. The ex-dividend date is Friday, October 20th. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 59.48%.

In other news, COO Justin Skala sold 74,374 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now directly owns 97,177 shares in the company, valued at $7,046,304.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patricia Verduin sold 3,833 shares of the business’s stock in a transaction that occurred on 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 owns 53,173 shares of the company’s stock, valued at $3,799,210.85. The disclosure for this sale can be found here. Insiders sold 214,136 shares of company stock valued at $15,416,385 over the last 90 days. Company insiders own 1.02% of the company’s stock.

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.

Institutional Ownership by Quarter for Colgate-Palmolive (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.