DF Dent & Co. Inc. continued to hold its stake in shares of Colgate-Palmolive (NYSE:CL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,925 shares of the company’s stock at the close of the 2nd quarter. DF Dent & Co. Inc.’s holdings in Colgate-Palmolive were worth $736,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the business. American Beacon Advisors Inc. acquired a new position in shares of Colgate-Palmolive during the first quarter worth approximately $102,000. Proficio Capital Partners LLC lifted its position in shares of Colgate-Palmolive by 16.9% during the first quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock worth $107,000 after purchasing an additional 207 shares in the last quarter. OLD Second National Bank of Aurora acquired a new position in shares of Colgate-Palmolive during the second quarter worth approximately $109,000. Harbour Capital Advisors LLC acquired a new position in shares of Colgate-Palmolive during the first quarter worth approximately $121,000. Finally, Hanson & Doremus Investment Management lifted its position in shares of Colgate-Palmolive by 4.5% during the second quarter. Hanson & Doremus Investment Management now owns 1,630 shares of the company’s stock worth $121,000 after purchasing an additional 70 shares in the last quarter. 72.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Colgate-Palmolive (NYSE CL) traded down $0.34 during midday trading on Thursday, reaching $74.25. 2,698,300 shares of the company traded hands, compared to its average volume of 3,606,011. Colgate-Palmolive has a fifty-two week low of $63.43 and a fifty-two week high of $77.27. The firm has a market capitalization of $65,497.87, a price-to-earnings ratio of 25.99, a P/E/G ratio of 3.42 and a beta of 0.81. The company has a debt-to-equity ratio of 24.42, a current ratio of 1.23 and a quick ratio of 0.92.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Monday, October 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, October 20th. This represents a $1.60 annualized dividend and a yield of 2.15%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 61.78%.
A number of brokerages have recently issued reports on CL. Societe Generale lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating and set a $66.00 target price on the stock. in a research report on Wednesday, November 29th. They noted that the move was a valuation call. KeyCorp reiterated a “hold” rating on shares of Colgate-Palmolive in a research report on Saturday, November 25th. Zacks Investment Research upgraded shares of Colgate-Palmolive from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Citigroup reduced their target price on shares of Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Finally, Morgan Stanley reduced their target price on shares of Colgate-Palmolive from $84.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $76.04.
In other Colgate-Palmolive news, insider Victoria L. Dolan sold 9,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $73.41, for a total value of $660,690.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Mukul Deoras sold 7,500 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $73.28, for a total transaction of $549,600.00. Following the completion of the sale, the chief marketing officer now owns 45,217 shares in the company, valued at $3,313,501.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 173,673 shares of company stock worth $12,629,293. Company insiders own 1.02% of the company’s stock.
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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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