Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Holdings in Colgate-Palmolive Company (CL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 61.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 105,623 shares of the company’s stock after buying an additional 40,134 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Colgate-Palmolive were worth $7,830,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CL. American Beacon Advisors Inc. bought a new stake in shares of Colgate-Palmolive in the first quarter worth $102,000. Proficio Capital Partners LLC grew its stake in shares of Colgate-Palmolive by 16.9% in the first quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock worth $107,000 after purchasing an additional 207 shares during the last quarter. OLD Second National Bank of Aurora bought a new stake in shares of Colgate-Palmolive in the second quarter worth $109,000. Harbour Capital Advisors LLC bought a new stake in shares of Colgate-Palmolive in the first quarter worth $121,000. Finally, Hanson & Doremus Investment Management grew its stake in shares of Colgate-Palmolive by 4.5% in the second quarter. Hanson & Doremus Investment Management now owns 1,630 shares of the company’s stock worth $121,000 after purchasing an additional 70 shares during the last quarter. 73.63% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP John J. Huston sold 14,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $71.36, for a total value of $999,040.00. Following the sale, the senior vice president now owns 88,598 shares in the company, valued at approximately $6,322,353.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Patricia Verduin sold 3,833 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 53,173 shares in the company, valued at approximately $3,799,210.85. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by corporate insiders.

Several analysts recently weighed in on the stock. KeyCorp reissued a “hold” rating on shares of Colgate-Palmolive in a research note on Monday, October 16th. Zacks Investment Research cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Jefferies Group LLC reissued a “hold” rating and issued a $79.00 price objective (up previously from $77.00) on shares of Colgate-Palmolive in a research note on Monday, July 24th. Deutsche Bank AG reissued a “hold” rating and issued a $75.00 price objective on shares of Colgate-Palmolive in a research note on Monday, July 24th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Colgate-Palmolive in a research note on Monday, July 24th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $76.67.

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Colgate-Palmolive Company (NYSE CL) opened at $70.15 on Monday. Colgate-Palmolive Company has a fifty-two week low of $63.43 and a fifty-two week high of $77.27. The firm has a market cap of $61,599.08, a PE ratio of 24.44, a PEG ratio of 3.21 and a beta of 0.80. The company has a current ratio of 1.23, a quick ratio of 0.92 and a debt-to-equity ratio of 24.42.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73. Colgate-Palmolive had a net margin of 15.10% and a return on equity of 2,782.56%. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. sell-side analysts forecast that Colgate-Palmolive Company will post 2.88 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Monday, October 23rd will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, October 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.28%. Colgate-Palmolive’s dividend payout ratio is currently 61.78%.

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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