Mcdaniel Terry & Co. held its stake in Colgate-Palmolive Company (NYSE:CL) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,331 shares of the company’s stock at the close of the second quarter. Mcdaniel Terry & Co.’s holdings in Colgate-Palmolive were worth $321,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Blue Chip Partners Inc. grew its holdings in 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. lifted its position 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 buying an additional 14 shares during the last quarter. Cornerstone Financial Partners LLC lifted its position 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 buying an additional 19 shares during the last quarter. M Holdings Securities Inc. lifted its position 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 buying an additional 21 shares during the last quarter. Finally, AlphaMark Advisors LLC lifted its position in shares of Colgate-Palmolive by 1.5% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,698 shares of the company’s stock worth $126,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 73.87% of the company’s stock.
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In other Colgate-Palmolive news, CMO Mukul Deoras sold 7,500 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $73.28, for a total value of $549,600.00. Following the transaction, the chief marketing officer now directly owns 45,217 shares in the company, valued at approximately $3,313,501.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Victoria L. Dolan sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $73.07, for a total transaction of $730,700.00. Following the completion of the transaction, the insider now owns 60,528 shares in the company, valued at $4,422,780.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 164,673 shares of company stock worth $11,968,603. 1.02% of the stock is owned by corporate insiders.
Colgate-Palmolive Company (NYSE CL) opened at $73.46 on Wednesday. The company has a debt-to-equity ratio of 24.42, a quick ratio of 0.92 and a current ratio of 1.23. Colgate-Palmolive Company has a 12 month low of $63.43 and a 12 month high of $77.27. The firm has a market cap of $64,716.35, a price-to-earnings ratio of 25.68, a PEG ratio of 3.38 and a beta of 0.80.
Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.73 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.73. The firm had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.94 billion. Colgate-Palmolive had a net margin of 15.10% and a return on equity of 2,782.56%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 EPS. research analysts predict that Colgate-Palmolive Company will post 2.88 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Monday, October 23rd will be paid a $0.40 dividend. The ex-dividend date is Friday, October 20th. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. Colgate-Palmolive’s payout ratio is 61.78%.
Several analysts recently commented on CL shares. SunTrust Banks, Inc. upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and upped their price target for the company from $65.00 to $85.00 in a research report on Wednesday, October 11th. Citigroup Inc. reduced their price target on shares of Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. Stifel Nicolaus set a $73.00 price target on shares of Colgate-Palmolive and gave the company a “hold” rating in a research report on Sunday, October 29th. Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 price objective on shares of Colgate-Palmolive in a research note on Sunday, October 8th. Finally, Zacks Investment Research cut shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. Colgate-Palmolive presently has an average rating of “Hold” and a consensus price target of $76.67.
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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