Ameritas Advisory Services LLC reduced its holdings in shares of Colgate-Palmolive (NYSE:CL – Free Report) by 13.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,207 shares of the company’s stock after selling 835 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Colgate-Palmolive were worth $401,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Colgate-Palmolive by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 17,345,117 shares of the company’s stock valued at $1,365,565,000 after acquiring an additional 349,165 shares during the period. Moneta Group Investment Advisors LLC grew its position in shares of Colgate-Palmolive by 90,253.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,974,451 shares of the company’s stock valued at $1,258,627,000 after purchasing an additional 15,956,771 shares in the last quarter. Morgan Stanley increased its holdings in shares of Colgate-Palmolive by 41.7% in the fourth quarter. Morgan Stanley now owns 11,370,549 shares of the company’s stock worth $895,886,000 after purchasing an additional 3,345,297 shares during the period. First Eagle Investment Management LLC boosted its stake in Colgate-Palmolive by 2.5% during the fourth quarter. First Eagle Investment Management LLC now owns 11,029,990 shares of the company’s stock valued at $869,053,000 after buying an additional 269,814 shares during the period. Finally, Northern Trust Corp increased its stake in Colgate-Palmolive by 0.5% in the 1st quarter. Northern Trust Corp now owns 10,470,409 shares of the company’s stock worth $793,971,000 after acquiring an additional 50,040 shares during the last quarter. 79.01% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on CL shares. StockNews.com downgraded shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Sunday, May 28th. Wells Fargo & Company raised their price target on Colgate-Palmolive from $76.00 to $81.00 in a research report on Monday, May 1st. Evercore ISI raised their price objective on Colgate-Palmolive from $85.00 to $91.00 in a report on Monday, May 1st. Bank of America boosted their price objective on shares of Colgate-Palmolive from $80.00 to $85.00 in a report on Monday, May 1st. Finally, Barclays cut their price target on shares of Colgate-Palmolive from $84.00 to $77.00 in a research report on Thursday. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Colgate-Palmolive has an average rating of “Moderate Buy” and an average price target of $84.75.
Colgate-Palmolive Price Performance
Colgate-Palmolive (NYSE:CL – Get Free Report) last posted its quarterly earnings data on Friday, April 28th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Colgate-Palmolive had a return on equity of 348.63% and a net margin of 8.71%. The company had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same quarter last year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts anticipate that Colgate-Palmolive will post 3.14 earnings per share for the current fiscal year.
Colgate-Palmolive Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 21st will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, July 20th. Colgate-Palmolive’s dividend payout ratio (DPR) is 100.00%.
Insider Buying and Selling at Colgate-Palmolive
In other news, insider Prabha Parameswaran sold 64,373 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $80.58, for a total transaction of $5,187,176.34. Following the sale, the insider now owns 12,427 shares in the company, valued at $1,001,367.66. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Colgate-Palmolive news, insider Prabha Parameswaran sold 64,373 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $80.58, for a total transaction of $5,187,176.34. Following the transaction, the insider now owns 12,427 shares in the company, valued at approximately $1,001,367.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sally Massey sold 17,239 shares of Colgate-Palmolive stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $81.16, for a total transaction of $1,399,117.24. Following the completion of the sale, the insider now owns 8,615 shares of the company’s stock, valued at $699,193.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 187,748 shares of company stock worth $15,138,660. 0.34% of the stock is owned by corporate insiders.
Colgate-Palmolive Company Profile
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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