Dynamic Advisors Solutions LLC grew its holdings in Colgate-Palmolive Company (NYSE:CL) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,106 shares of the company’s stock after purchasing an additional 371 shares during the period. Dynamic Advisors Solutions LLC’s holdings in Colgate-Palmolive were worth $601,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in CL. Waldron LP purchased a new stake in shares of Colgate-Palmolive during the first quarter worth $238,000. First Citizens Bank & Trust Co. purchased a new stake in shares of Colgate-Palmolive during the first quarter worth $563,000. Chickasaw Capital Management LLC raised its holdings in shares of Colgate-Palmolive by 218.3% during the first quarter. Chickasaw Capital Management LLC now owns 16,920 shares of the company’s stock worth $1,238,000 after acquiring an additional 11,605 shares in the last quarter. Glen Harbor Capital Management LLC raised its holdings in shares of Colgate-Palmolive by 3.6% during the first quarter. Glen Harbor Capital Management LLC now owns 212,268 shares of the company’s stock worth $15,536,000 after acquiring an additional 7,280 shares in the last quarter. Finally, Mycio Wealth Partners LLC purchased a new stake in shares of Colgate-Palmolive during the first quarter worth $216,000. Institutional investors own 73.10% of the company’s stock.
In other news, COO Justin Skala sold 74,374 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 97,177 shares of the company’s stock, valued at approximately $7,046,304.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Patricia Verduin sold 3,833 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $72.41, for a total transaction of $277,547.53. Following the completion of the sale, the insider now directly owns 53,022 shares in the company, valued at $3,839,323.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 217,969 shares of company stock worth $15,693,933. 1.02% of the stock is owned by insiders.
Shares of Colgate-Palmolive Company (CL) traded up 0.79% during midday trading on Tuesday, hitting $72.96. The stock had a trading volume of 1,064,866 shares. Colgate-Palmolive Company has a 1-year low of $63.43 and a 1-year high of $77.27. The firm has a market capitalization of $64.27 billion, a PE ratio of 27.11 and a beta of 0.80. The company’s 50 day moving average price is $71.57 and its 200-day moving average price is $73.27.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Friday, July 21st. The company reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. Colgate-Palmolive had a net margin of 15.83% and a return on equity of 3,121.95%. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the previous year, the firm posted $0.70 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts predict that Colgate-Palmolive Company will post $2.89 earnings per share for the current year.
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Several brokerages recently issued reports on CL. Bank of America Corporation increased their price objective on Colgate-Palmolive from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. BidaskClub lowered Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Royal Bank Of Canada reiterated a “hold” rating and set a $74.00 price objective on shares of Colgate-Palmolive in a report on Thursday, May 25th. Zacks Investment Research upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Tuesday, July 4th. Finally, Jefferies Group LLC increased their price objective on Colgate-Palmolive from $76.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. Colgate-Palmolive presently has an average rating of “Hold” and an average price target of $75.83.
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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