HPM Partners LLC acquired a new stake in Colgate-Palmolive Company (NYSE:CL) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,370 shares of the company’s stock, valued at approximately $320,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Colgate-Palmolive Company during the fourth quarter valued at $455,526,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Colgate-Palmolive Company during the fourth quarter valued at $189,728,000. Renaissance Technologies LLC boosted its position in shares of Colgate-Palmolive Company by 23.4% in the fourth quarter. Renaissance Technologies LLC now owns 8,453,600 shares of the company’s stock valued at $553,204,000 after buying an additional 1,605,600 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Colgate-Palmolive Company by 1,744.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,505,674 shares of the company’s stock valued at $98,582,000 after buying an additional 1,424,021 shares in the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Colgate-Palmolive Company by 56.8% in the fourth quarter. Two Sigma Investments LP now owns 2,341,961 shares of the company’s stock valued at $153,258,000 after buying an additional 848,702 shares in the last quarter. Hedge funds and other institutional investors own 74.13% of the company’s stock.
Shares of Colgate-Palmolive Company (NYSE:CL) opened at 75.37 on Wednesday. Colgate-Palmolive Company has a one year low of $63.43 and a one year high of $77.27. The firm has a market capitalization of $66.57 billion, a price-to-earnings ratio of 27.20 and a beta of 0.82. The firm has a 50-day moving average price of $74.49 and a 200 day moving average price of $71.10.
Colgate-Palmolive Company (NYSE:CL) last issued its earnings results on Friday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.80 billion. Colgate-Palmolive Company had a return on equity of 3,725.55% and a net margin of 16.31%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 EPS. Equities analysts forecast that Colgate-Palmolive Company will post $2.92 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, July 18th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, July 14th. Colgate-Palmolive Company’s dividend payout ratio (DPR) is 57.76%.
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Several research analysts recently weighed in on CL shares. Zacks Investment Research upgraded Colgate-Palmolive Company from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Friday, April 7th. Bank of America Corporation lifted their price target on Colgate-Palmolive Company from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, May 31st. Jefferies Group LLC reduced their price target on Colgate-Palmolive Company from $78.00 to $76.00 and set a “hold” rating for the company in a research report on Monday, May 1st. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $74.00 price target on shares of Colgate-Palmolive Company in a research report on Monday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $75.41.
In other news, Director Richard J. Kogan sold 8,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $71.92, for a total transaction of $575,360.00. Following the completion of the transaction, the director now directly owns 73,065 shares of the company’s stock, valued at approximately $5,254,834.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP John J. Huston sold 14,000 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $71.53, for a total value of $1,001,420.00. Following the transaction, the senior vice president now directly owns 102,838 shares of the company’s stock, valued at $7,356,002.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,666 shares of company stock valued at $3,184,972. Company insiders own 1.02% of the company’s stock.
Colgate-Palmolive Company Company 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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