Timber Hill LLC Takes $356,000 Position in Colgate-Palmolive (CL)

Timber Hill LLC purchased a new position in Colgate-Palmolive (NYSE:CL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,882 shares of the company’s stock, valued at approximately $356,000.

Several other institutional investors also recently bought and sold shares of CL. Front Street Capital Management Inc. boosted its stake in Colgate-Palmolive by 0.4% during the first quarter. Front Street Capital Management Inc. now owns 8,586 shares of the company’s stock valued at $628,000 after buying an additional 32 shares during the period. Weatherstone Capital Management boosted its stake in Colgate-Palmolive by 3.9% during the first quarter. Weatherstone Capital Management now owns 4,041 shares of the company’s stock valued at $296,000 after buying an additional 151 shares during the period. Stephens Inc. AR boosted its stake in Colgate-Palmolive by 3.6% during the first quarter. Stephens Inc. AR now owns 59,718 shares of the company’s stock valued at $4,371,000 after buying an additional 2,078 shares during the period. Israel Discount Bank of New York bought a new stake in Colgate-Palmolive during the first quarter valued at $1,349,000. Finally, WINTON GROUP Ltd bought a new stake in Colgate-Palmolive during the first quarter valued at $2,498,000. 72.83% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Jennifer Daniels sold 7,375 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $73.18, for a total value of $539,702.50. Following the sale, the insider now directly owns 38,691 shares of the company’s stock, valued at approximately $2,831,407.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Justin Skala sold 126,393 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $72.97, for a total value of $9,222,897.21. Following the completion of the sale, the chief operating officer now directly owns 262,361 shares in the company, valued at $19,144,482.17. The disclosure for this sale can be found here. Insiders sold 181,048 shares of company stock worth $13,168,995 over the last three months. 1.02% of the stock is owned by insiders.

CL has been the topic of a number of research reports. Zacks Investment Research upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research report on Monday, October 23rd. Deutsche Bank initiated coverage on Colgate-Palmolive in a research report on Wednesday, December 13th. They set a “hold” rating and a $75.00 price target on the stock. Morgan Stanley upgraded Colgate-Palmolive from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $75.00 to $84.00 in a research report on Monday, September 25th. KeyCorp restated a “hold” rating on shares of Colgate-Palmolive in a research report on Monday, October 16th. Finally, Stifel Nicolaus set a $73.00 price target on Colgate-Palmolive and gave the company a “hold” rating in a research report on Sunday, October 29th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $76.33.

Shares of Colgate-Palmolive (NYSE:CL) opened at $74.85 on Thursday. The company has a quick ratio of 0.92, a current ratio of 1.23 and a debt-to-equity ratio of 24.42. The stock has a market capitalization of $65,980.83, a PE ratio of 28.90, a P/E/G ratio of 3.20 and a beta of 0.80. Colgate-Palmolive has a 12 month low of $63.43 and a 12 month high of $77.27.

Colgate-Palmolive (NYSE:CL) last posted its earnings results on Friday, October 27th. The company reported $0.73 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.94 billion. Colgate-Palmolive had a return on equity of 2,782.56% and a net margin of 15.10%. Colgate-Palmolive’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. analysts predict that Colgate-Palmolive will post 2.88 EPS for the current fiscal year.

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

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