Public Sector Pension investment Board decreased its position in Colgate-Palmolive Company (NYSE:CL) by 49.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,736 shares of the company’s stock after selling 100,300 shares during the period. Public Sector Pension investment Board’s holdings in Colgate-Palmolive were worth $7,468,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC raised its holdings in shares of Colgate-Palmolive by 2.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 4,891,131 shares of the company’s stock worth $362,580,000 after buying an additional 108,850 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of Colgate-Palmolive by 3.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 4,725,042 shares of the company’s stock worth $350,267,000 after buying an additional 170,053 shares in the last quarter. Fiera Capital Corp raised its holdings in shares of Colgate-Palmolive by 17.3% in the 2nd quarter. Fiera Capital Corp now owns 4,595,453 shares of the company’s stock worth $340,662,000 after buying an additional 677,657 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Colgate-Palmolive by 2.2% in the 2nd quarter. Legal & General Group Plc now owns 4,390,317 shares of the company’s stock worth $325,461,000 after buying an additional 96,427 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Colgate-Palmolive by 1.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 3,474,194 shares of the company’s stock worth $254,277,000 after buying an additional 39,843 shares in the last quarter. 73.46% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the company. Jefferies Group LLC reissued a “hold” rating and issued a $79.00 target price on shares of Colgate-Palmolive in a report on Thursday, September 28th. Zacks Investment Research cut Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Macquarie assumed coverage on Colgate-Palmolive in a report on Thursday, September 14th. They issued a “neutral” rating and a $76.00 target price for the company. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 target price on shares of Colgate-Palmolive in a report on Sunday, October 8th. Finally, Citigroup Inc. dropped their target price on Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. Colgate-Palmolive currently has an average rating of “Hold” and an average target price of $76.67.

In other news, CMO Mukul Deoras sold 7,500 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $73.28, for a total value of $549,600.00. Following the transaction, the chief marketing officer now directly owns 45,217 shares in the company, valued at approximately $3,313,501.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Victoria L. Dolan sold 9,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $73.41, for a total value of $660,690.00. The disclosure for this sale can be found here. Insiders sold a total of 173,673 shares of company stock worth $12,629,293 over the last quarter. Corporate insiders own 1.02% of the company’s stock.

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Colgate-Palmolive Company (CL) opened at $72.22 on Wednesday. The company has a market capitalization of $63,285.04, a price-to-earnings ratio of 25.11, a price-to-earnings-growth ratio of 3.30 and a beta of 0.80. The company has a debt-to-equity ratio of 24.42, a current ratio of 1.23 and a quick ratio of 0.92. Colgate-Palmolive Company has a 12-month low of $63.43 and a 12-month high of $77.27.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.73 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.73. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.94 billion. Colgate-Palmolive had a return on equity of 2,782.56% and a net margin of 15.10%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. equities research analysts predict that Colgate-Palmolive Company will post 2.88 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Monday, October 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, October 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.22%. Colgate-Palmolive’s payout ratio is 61.78%.

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.

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

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