Canandaigua National Bank & Trust Co. increased its holdings in Colgate-Palmolive Company (NYSE:CL – Free Report) by 92.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 27,356 shares of the company’s stock after buying an additional 13,166 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Colgate-Palmolive were worth $2,334,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the business. TD Capital Management LLC raised its stake in Colgate-Palmolive by 61.4% during the fourth quarter. TD Capital Management LLC now owns 326 shares of the company’s stock worth $26,000 after acquiring an additional 124 shares during the period. Parvin Asset Management LLC acquired a new stake in shares of Colgate-Palmolive during the 2nd quarter worth approximately $32,000. Park Place Capital Corp lifted its holdings in shares of Colgate-Palmolive by 55.5% in the 2nd quarter. Park Place Capital Corp now owns 356 shares of the company’s stock worth $33,000 after purchasing an additional 127 shares during the last quarter. Gould Capital LLC lifted its holdings in shares of Colgate-Palmolive by 38.7% in the 1st quarter. Gould Capital LLC now owns 412 shares of the company’s stock worth $35,000 after purchasing an additional 115 shares during the last quarter. Finally, Montgomery Financial Services LLC acquired a new position in Colgate-Palmolive during the 2nd quarter valued at approximately $36,000. Institutional investors own 80.41% of the company’s stock.
Insider Buying and Selling at Colgate-Palmolive
In other Colgate-Palmolive news, COO Panagiotis Tsourapas sold 10,000 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $92.05, for a total transaction of $920,500.00. Following the sale, the chief operating officer directly owned 64,901 shares in the company, valued at approximately $5,974,137.05. The trade was a 13.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Cahill sold 4,170 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $93.37, for a total transaction of $389,352.90. Following the completion of the sale, the director directly owned 28,373 shares of the company’s stock, valued at approximately $2,649,187.01. This represents a 12.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 175,191 shares of company stock valued at $16,110,903. Company insiders own 0.43% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Report on Colgate-Palmolive
Colgate-Palmolive Stock Performance
CL stock traded up $0.01 during trading on Wednesday, reaching $87.26. 3,773,453 shares of the company’s stock were exchanged, compared to its average volume of 5,712,208. The company has a quick ratio of 0.67, a current ratio of 1.03 and a debt-to-equity ratio of 13.82. Colgate-Palmolive Company has a 1-year low of $74.54 and a 1-year high of $99.33. The company’s fifty day moving average price is $89.36 and its 200-day moving average price is $88.74. The firm has a market cap of $69.56 billion, a PE ratio of 34.63, a P/E/G ratio of 4.02 and a beta of 0.33.
Colgate-Palmolive (NYSE:CL – Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Colgate-Palmolive had a return on equity of 464.63% and a net margin of 9.68%.The company had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same period last year, the company earned $0.92 earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, research analysts expect that Colgate-Palmolive Company will post 3.87 EPS for the current fiscal year.
Colgate-Palmolive Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, October 20th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $2.12 annualized dividend and a yield of 2.4%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 84.13%.
About Colgate-Palmolive
Colgate-Palmolive Company (NYSE: CL) is a global consumer products company focused on oral care, personal care, home care and pet nutrition. Its portfolio includes toothpaste, toothbrushes, mouthwashes, body washes, deodorants, soaps, household cleaning products and pet food and treats.
The company markets many of its products under well-known brands, including Colgate, Palmolive, elmex, meridol, Protex, Softsoap, Ajax, Irish Spring, Speed Stick, Tom’s of Maine and Hill’s Science Diet.
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