Massmutual Trust Co. FSB ADV Acquires 210 Shares of Colgate-Palmolive (NYSE:CL)

Massmutual Trust Co. FSB ADV boosted its holdings in shares of Colgate-Palmolive (NYSE:CLGet Rating) by 15.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,540 shares of the company’s stock after acquiring an additional 210 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Colgate-Palmolive were worth $123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Concord Wealth Partners boosted its holdings in shares of Colgate-Palmolive by 5.9% in the 1st quarter. Concord Wealth Partners now owns 2,710 shares of the company’s stock valued at $205,000 after buying an additional 151 shares in the last quarter. Austin Asset Management Co Inc boosted its holdings in shares of Colgate-Palmolive by 21.5% in the 1st quarter. Austin Asset Management Co Inc now owns 2,916 shares of the company’s stock valued at $221,000 after buying an additional 516 shares in the last quarter. Beaumont Financial Partners LLC bought a new stake in shares of Colgate-Palmolive in the 1st quarter valued at about $426,000. Versor Investments LP bought a new stake in shares of Colgate-Palmolive in the 1st quarter valued at about $977,000. Finally, US Asset Management LLC bought a new stake in shares of Colgate-Palmolive in the 1st quarter valued at about $39,000. 78.62% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Noel R. Wallace sold 51,665 shares of Colgate-Palmolive stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $81.27, for a total transaction of $4,198,814.55. Following the completion of the transaction, the chief executive officer now directly owns 221,790 shares of the company’s stock, valued at approximately $18,024,873.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Sally Massey sold 656 shares of Colgate-Palmolive stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $77.58, for a total value of $50,892.48. Following the sale, the insider now owns 7,913 shares of the company’s stock, valued at approximately $613,890.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Noel R. Wallace sold 51,665 shares of Colgate-Palmolive stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $81.27, for a total transaction of $4,198,814.55. Following the completion of the sale, the chief executive officer now directly owns 221,790 shares in the company, valued at approximately $18,024,873.30. The disclosure for this sale can be found here. Insiders sold a total of 125,802 shares of company stock valued at $10,100,532 in the last three months. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CL. StockNews.com upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating in a report on Tuesday, August 2nd. UBS Group lifted their target price on shares of Colgate-Palmolive from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Barclays lifted their target price on shares of Colgate-Palmolive from $71.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Colgate-Palmolive from $88.00 to $87.00 in a research note on Tuesday, July 19th. Finally, Wells Fargo & Company upgraded shares of Colgate-Palmolive to an “equal weight” rating in a research note on Tuesday, August 9th. Twelve research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.57.

Colgate-Palmolive Stock Performance

CL opened at $75.69 on Monday. Colgate-Palmolive has a 12-month low of $72.20 and a 12-month high of $85.61. The company has a current ratio of 1.17, a quick ratio of 0.72 and a debt-to-equity ratio of 14.26. The firm has a market capitalization of $63.13 billion, a PE ratio of 32.77, a P/E/G ratio of 5.42 and a beta of 0.48. The firm has a 50 day moving average of $79.10 and a two-hundred day moving average of $78.10.

Colgate-Palmolive (NYSE:CLGet Rating) last posted its quarterly earnings results on Friday, July 29th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The company had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.35 billion. Colgate-Palmolive had a net margin of 10.98% and a return on equity of 315.10%. Colgate-Palmolive’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $0.80 EPS. On average, analysts anticipate that Colgate-Palmolive will post 3.03 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Friday, October 21st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Thursday, October 20th. Colgate-Palmolive’s dividend payout ratio (DPR) is 81.39%.

About Colgate-Palmolive

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Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.

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

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