Aua Capital Management LLC continued to hold its position in shares of Colgate-Palmolive Company (NYSE:CL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,760 shares of the company’s stock at the end of the first quarter. Aua Capital Management LLC’s holdings in Colgate-Palmolive were worth $129,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of CL. Blue Chip Partners Inc. raised its position in shares of Colgate-Palmolive by 0.4% in the first quarter. Blue Chip Partners Inc. now owns 1,805 shares of the company’s stock worth $132,000 after buying an additional 8 shares during the period. Alpha Windward LLC raised its position in shares of Colgate-Palmolive by 0.6% in the first quarter. Alpha Windward LLC now owns 2,829 shares of the company’s stock worth $207,000 after buying an additional 18 shares during the period. Savant Capital LLC raised its position in shares of Colgate-Palmolive by 0.3% in the first quarter. Savant Capital LLC now owns 10,526 shares of the company’s stock worth $770,000 after buying an additional 30 shares during the period. Evanson Asset Management LLC raised its position in shares of Colgate-Palmolive by 0.3% in the first quarter. Evanson Asset Management LLC now owns 11,869 shares of the company’s stock worth $869,000 after buying an additional 32 shares during the period. Finally, Smith Moore & CO. raised its position in shares of Colgate-Palmolive by 0.3% in the first quarter. Smith Moore & CO. now owns 10,373 shares of the company’s stock worth $759,000 after buying an additional 32 shares during the period. Institutional investors and hedge funds own 73.69% of the company’s stock.
Shares of Colgate-Palmolive Company (NYSE CL) traded down 0.14% during mid-day trading on Friday, hitting $71.20. 1,031,256 shares of the stock traded hands. The firm’s 50-day moving average is $72.38 and its 200-day moving average is $72.86. The stock has a market cap of $62.72 billion, a price-to-earnings ratio of 26.46 and a beta of 0.80. Colgate-Palmolive Company has a 52 week low of $63.43 and a 52 week high of $77.27. Colgate-Palmolive also saw some unusual options trading on Tuesday. Investors bought 12,928 put options on the company. This represents an increase of approximately 560% compared to the average daily volume of 1,959 put options.
Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, July 21st. The company reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.89 billion. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 earnings per share. On average, analysts forecast that Colgate-Palmolive Company will post $2.89 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, July 18th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, July 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.24%. Colgate-Palmolive’s dividend payout ratio is presently 59.48%.
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Several research analysts have issued reports on CL shares. Royal Bank Of Canada restated a “hold” rating and set a $74.00 price target on shares of Colgate-Palmolive in a report on Monday, April 24th. UBS AG restated a “neutral” rating and set a $78.00 price target (down previously from $79.00) on shares of Colgate-Palmolive in a report on Tuesday, May 2nd. Jefferies Group LLC lowered their price target on shares of Colgate-Palmolive from $78.00 to $76.00 and set a “hold” rating for the company in a report on Monday, May 1st. BidaskClub lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Colgate-Palmolive in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $75.82.
In related news, insider Patricia Verduin sold 3,833 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $71.45, for a total transaction of $273,867.85. Following the completion of the transaction, the insider now owns 53,173 shares in the company, valued at $3,799,210.85. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP John J. Huston sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $71.36, for a total value of $999,040.00. Following the transaction, the senior vice president now owns 88,598 shares of the company’s stock, valued at approximately $6,322,353.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 221,802 shares of company stock valued at $15,983,976. 1.02% of the stock is owned by corporate insiders.
Colgate-Palmolive 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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