J.W. Cole Advisors Inc. Lowers Stock Position in Colgate-Palmolive (NYSE:CL)

J.W. Cole Advisors Inc. cut its stake in shares of Colgate-Palmolive (NYSE:CLGet Rating) by 10.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 5,855 shares of the company’s stock after selling 652 shares during the period. J.W. Cole Advisors Inc.’s holdings in Colgate-Palmolive were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Concord Wealth Partners lifted its holdings in Colgate-Palmolive by 5.9% in the first quarter. Concord Wealth Partners now owns 2,710 shares of the company’s stock valued at $205,000 after acquiring an additional 151 shares during the period. Austin Asset Management Co Inc lifted its holdings in Colgate-Palmolive by 21.5% in the first quarter. Austin Asset Management Co Inc now owns 2,916 shares of the company’s stock valued at $221,000 after acquiring an additional 516 shares during the period. Beaumont Financial Partners LLC acquired a new stake in Colgate-Palmolive in the first quarter valued at $426,000. Versor Investments LP acquired a new stake in Colgate-Palmolive in the first quarter valued at $977,000. Finally, US Asset Management LLC acquired a new stake in Colgate-Palmolive in the first quarter valued at $39,000. 78.62% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Colgate-Palmolive news, insider Sally Massey sold 656 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $77.58, for a total value of $50,892.48. Following the completion of the transaction, the insider now owns 7,913 shares in the company, valued at approximately $613,890.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Jennifer Daniels sold 24,703 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $81.25, for a total transaction of $2,007,118.75. Following the completion of the transaction, the insider now directly owns 48,163 shares in the company, valued at approximately $3,913,243.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Sally Massey sold 656 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 7,913 shares of the company’s stock, valued at $613,890.54. The disclosure for this sale can be found here. Insiders sold a total of 125,802 shares of company stock worth $10,100,532 in the last 90 days. 0.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on CL. Barclays lifted their price target on Colgate-Palmolive from $71.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 2nd. Wells Fargo & Company raised Colgate-Palmolive to an “equal weight” rating in a research note on Tuesday, August 9th. StockNews.com downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. cut their price target on Colgate-Palmolive from $79.00 to $78.00 in a research note on Thursday, July 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Colgate-Palmolive from $88.00 to $87.00 in a research report on Tuesday, July 19th. Thirteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Colgate-Palmolive presently has an average rating of “Hold” and a consensus target price of $84.57.

Colgate-Palmolive Stock Up 0.4 %

Shares of NYSE:CL opened at $76.01 on Tuesday. The company has a debt-to-equity ratio of 14.26, a quick ratio of 0.72 and a current ratio of 1.17. Colgate-Palmolive has a 1 year low of $72.20 and a 1 year high of $85.61. The stock has a market capitalization of $63.40 billion, a P/E ratio of 32.90, a PEG ratio of 5.42 and a beta of 0.48. The stock has a 50-day simple moving average of $79.10 and a 200-day simple moving average of $78.11.

Colgate-Palmolive (NYSE:CLGet Rating) last issued its 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. Colgate-Palmolive had a return on equity of 315.10% and a net margin of 10.98%. The business had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter in the previous year, the business earned $0.80 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities analysts forecast that Colgate-Palmolive will post 3.03 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Friday, October 21st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, October 20th. Colgate-Palmolive’s dividend payout ratio is presently 81.39%.

Colgate-Palmolive Company Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding CL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Colgate-Palmolive (NYSE:CLGet Rating).

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

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