Papp L Roy & Associates Lowers Stake in Colgate-Palmolive Company (NYSE:CL)

Papp L Roy & Associates cut its position in shares of Colgate-Palmolive Company (NYSE:CL) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,508 shares of the company’s stock after selling 80 shares during the period. Papp L Roy & Associates’ holdings in Colgate-Palmolive were worth $2,013,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. AlphaMark Advisors LLC increased its stake in Colgate-Palmolive by 452.1% in the first quarter. AlphaMark Advisors LLC now owns 1,673 shares of the company’s stock worth $122,000 after buying an additional 1,370 shares during the last quarter. North Star Investment Management Corp. increased its stake in Colgate-Palmolive by 3.9% in the first quarter. North Star Investment Management Corp. now owns 1,797 shares of the company’s stock valued at $132,000 after buying an additional 67 shares in the last quarter. Blue Chip Partners Inc. increased its stake in Colgate-Palmolive by 0.4% in the first quarter. Blue Chip Partners Inc. now owns 1,805 shares of the company’s stock valued at $132,000 after buying an additional 8 shares in the last quarter. Advantage Investment Management LLC increased its stake in Colgate-Palmolive by 16.8% in the first quarter. Advantage Investment Management LLC now owns 1,850 shares of the company’s stock valued at $135,000 after buying an additional 266 shares in the last quarter. Finally, Heritage Trust Co acquired a new stake in Colgate-Palmolive during the first quarter valued at approximately $146,000. Institutional investors own 73.69% of the company’s stock.

Colgate-Palmolive Company (NYSE:CL) opened at 71.02 on Friday. The firm’s 50-day moving average is $72.30 and its 200-day moving average is $72.91. Colgate-Palmolive Company has a 12-month low of $63.43 and a 12-month high of $77.27. The stock has a market capitalization of $62.56 billion, a P/E ratio of 26.39 and a beta of 0.80.

Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.72. The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm posted $0.70 earnings per share. Analysts predict that Colgate-Palmolive Company will post $2.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, July 18th were given a $0.40 dividend. The ex-dividend date was Friday, July 14th. This represents a $1.60 annualized dividend and a yield of 2.25%. Colgate-Palmolive’s payout ratio is 59.48%.

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Several equities research analysts recently commented on CL shares. Zacks Investment Research downgraded shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Jefferies Group LLC restated a “hold” rating and issued a $76.00 price target on shares of Colgate-Palmolive in a research report on Wednesday, May 17th. Bank of America Corporation boosted their price target on shares of Colgate-Palmolive from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, May 31st. BidaskClub downgraded shares of Colgate-Palmolive from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Finally, Vetr downgraded shares of Colgate-Palmolive from a “buy” rating to a “hold” rating and set a $76.67 price target on the stock. in a research report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. Colgate-Palmolive currently has a consensus rating of “Hold” and an average price target of $75.82.

In other news, SVP John J. Huston sold 14,000 shares of Colgate-Palmolive stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $71.36, for a total transaction of $999,040.00. Following the transaction, the senior vice president now directly owns 88,598 shares of the company’s stock, valued at approximately $6,322,353.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Patricia Verduin sold 3,833 shares of Colgate-Palmolive stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $75.67, for a total value of $290,043.11. Following the transaction, the insider now directly owns 53,022 shares in the company, valued at $4,012,174.74. The disclosure for this sale can be found here. Insiders sold 221,802 shares of company stock worth $15,983,976 over the last three months. Insiders own 1.02% of the company’s stock.

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.

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

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