Colgate-Palmolive (NYSE:CL) Stake Lessened by Williams Jones & Associates LLC

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Williams Jones & Associates LLC decreased its position in Colgate-Palmolive (NYSE:CL) by 1.0% in the 1st quarter, HoldingsChannel reports. The fund owned 260,860 shares of the company’s stock after selling 2,580 shares during the quarter. Williams Jones & Associates LLC’s holdings in Colgate-Palmolive were worth $17,879,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Financial Planning LLC bought a new position in Colgate-Palmolive during the fourth quarter valued at about $27,000. Parisi Gray Wealth Management grew its position in Colgate-Palmolive by 365.3% during the fourth quarter. Parisi Gray Wealth Management now owns 470 shares of the company’s stock valued at $28,000 after buying an additional 369 shares during the period. Portfolio Solutions LLC bought a new position in Colgate-Palmolive during the fourth quarter valued at about $30,000. WP Advisors LLC bought a new position in Colgate-Palmolive during the first quarter valued at about $34,000. Finally, Lindbrook Capital LLC bought a new position in Colgate-Palmolive during the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 75.66% of the company’s stock.

In other news, VP Justin Skala sold 92,643 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $70.78, for a total value of $6,557,271.54. Following the sale, the vice president now directly owns 163,653 shares of the company’s stock, valued at $11,583,359.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ian M. Cook sold 16,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $66.72, for a total transaction of $1,067,520.00. Following the completion of the sale, the chief executive officer now directly owns 1,146,793 shares in the company, valued at $76,514,028.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 354,711 shares of company stock worth $25,087,935. Insiders own 1.14% of the company’s stock.

Several equities analysts recently weighed in on the stock. UBS Group increased their price target on shares of Colgate-Palmolive from $71.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, March 29th. Zacks Investment Research lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. upgraded shares of Colgate-Palmolive from an “underweight” rating to a “neutral” rating and increased their price target for the company from $62.00 to $70.00 in a research report on Monday, April 29th. Jefferies Financial Group increased their price target on shares of Colgate-Palmolive from $61.00 to $73.00 and gave the company an “in-line” rating in a research report on Monday, April 29th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Colgate-Palmolive currently has a consensus rating of “Hold” and a consensus target price of $70.13.

NYSE CL traded up $0.03 during trading on Tuesday, hitting $73.06. 125,781 shares of the company’s stock traded hands, compared to its average volume of 3,005,450. The company has a market cap of $63.52 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 4.84 and a beta of 0.79. Colgate-Palmolive has a 12-month low of $57.41 and a 12-month high of $74.14. The company has a quick ratio of 0.74, a current ratio of 1.07 and a debt-to-equity ratio of 32.25.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, April 26th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The business had revenue of $3.88 billion for the quarter, compared to the consensus estimate of $3.86 billion. Colgate-Palmolive had a net margin of 15.08% and a negative return on equity of 3,730.37%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 earnings per share. As a group, equities research analysts anticipate that Colgate-Palmolive will post 2.84 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were issued a dividend of $0.43 per share. The ex-dividend date was Wednesday, April 17th. This is an increase from Colgate-Palmolive’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 2.35%. Colgate-Palmolive’s dividend payout ratio is 57.91%.

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Colgate-Palmolive Company Profile

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. It offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; and personal care products, such as liquid hand soaps, bar soaps, shower gels, deodorants and antiperspirants, skin care products, and shampoos and conditioners.

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

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