Colgate-Palmolive Company (CL) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 980,939 shares of the company’s stock after selling 1,795 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.11% of Colgate-Palmolive worth $72,717,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Blue Chip Partners Inc. grew its stake in shares of Colgate-Palmolive by 0.4% during the 1st quarter. Blue Chip Partners Inc. now owns 1,805 shares of the company’s stock worth $132,000 after acquiring an additional 8 shares in the last quarter. Cue Financial Group Inc. grew its stake in shares of Colgate-Palmolive by 0.3% during the 2nd quarter. Cue Financial Group Inc. now owns 4,854 shares of the company’s stock worth $360,000 after acquiring an additional 14 shares in the last quarter. Cornerstone Financial Partners LLC grew its stake in shares of Colgate-Palmolive by 0.5% during the 2nd quarter. Cornerstone Financial Partners LLC now owns 3,813 shares of the company’s stock worth $282,000 after acquiring an additional 19 shares in the last quarter. M Holdings Securities Inc. grew its stake in shares of Colgate-Palmolive by 0.4% during the 1st quarter. M Holdings Securities Inc. now owns 5,366 shares of the company’s stock worth $393,000 after acquiring an additional 21 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its stake in shares of Colgate-Palmolive by 0.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 8,318 shares of the company’s stock worth $617,000 after acquiring an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 73.16% of the company’s stock.

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In other Colgate-Palmolive news, insider Patricia Verduin sold 3,833 shares of the company’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $72.41, for a total value of $277,547.53. Following the completion of the transaction, the insider now owns 53,022 shares in the company, valued at approximately $3,839,323.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Justin Skala sold 74,374 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $72.51, for a total value of $5,392,858.74. Following the completion of the transaction, the chief operating officer now owns 97,177 shares of the company’s stock, valued at approximately $7,046,304.27. The disclosure for this sale can be found here. Insiders sold a total of 217,969 shares of company stock valued at $15,693,933 over the last three months. 1.02% of the stock is currently owned by insiders.

Colgate-Palmolive Company (CL) opened at 72.28 on Friday. Colgate-Palmolive Company has a 52-week low of $63.43 and a 52-week high of $77.27. The firm’s 50-day moving average is $71.57 and its 200-day moving average is $73.28. The company has a market capitalization of $63.67 billion, a PE ratio of 26.86 and a beta of 0.80.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings results on Friday, July 21st. The company reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. The business had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.89 billion. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. Colgate-Palmolive’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 EPS. On average, equities research analysts forecast that Colgate-Palmolive Company will post $2.89 EPS for the current year.

CL has been the subject of several research reports. Zacks Investment Research raised shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Tuesday, July 4th. Jefferies Group LLC raised their price target on shares of Colgate-Palmolive from $76.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, July 6th. Bank of America Corporation raised their price target on shares of Colgate-Palmolive from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, May 31st. BidaskClub cut shares of Colgate-Palmolive from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Colgate-Palmolive in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $75.83.

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.

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

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