Rainier Group Investment Advisory LLC Takes $107,000 Position in Colgate-Palmolive (CL)

Rainier Group Investment Advisory LLC bought a new stake in shares of Colgate-Palmolive (NYSE:CL) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,494 shares of the company’s stock, valued at approximately $107,000.

Several other institutional investors and hedge funds have also made changes to their positions in CL. Stephens Inc. AR lifted its holdings in shares of Colgate-Palmolive by 12.2% in the 4th quarter. Stephens Inc. AR now owns 72,799 shares of the company’s stock worth $5,493,000 after acquiring an additional 7,924 shares during the last quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund bought a new stake in shares of Colgate-Palmolive in the 4th quarter worth approximately $1,735,000. Crossmark Global Holdings Inc. lifted its holdings in shares of Colgate-Palmolive by 4.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 125,851 shares of the company’s stock worth $9,495,000 after acquiring an additional 5,524 shares during the last quarter. Cypress Wealth Services LLC bought a new stake in shares of Colgate-Palmolive in the 4th quarter worth approximately $222,000. Finally, Aries Wealth Management bought a new stake in Colgate-Palmolive during the 4th quarter valued at $1,154,000. Hedge funds and other institutional investors own 73.23% of the company’s stock.

A number of equities research analysts recently commented on the stock. Barclays set a $75.00 price target on shares of Colgate-Palmolive and gave the company a “hold” rating in a report on Thursday, March 15th. Sanford C. Bernstein reiterated a “market perform” rating and set a $72.00 price target on shares of Colgate-Palmolive in a report on Thursday, May 24th. Argus upgraded shares of Colgate-Palmolive from a “hold” rating to a “buy” rating in a report on Friday, May 25th. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “hold” rating and set a $75.00 price target on shares of Colgate-Palmolive in a report on Wednesday, April 18th. Finally, Zacks Investment Research upgraded shares of Colgate-Palmolive from a “sell” rating to a “hold” rating in a report on Tuesday, April 17th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $76.08.

Colgate-Palmolive stock traded up $0.16 during mid-day trading on Thursday, reaching $63.22. 46,128 shares of the company traded hands, compared to its average volume of 4,272,445. The company has a current ratio of 1.08, a quick ratio of 0.75 and a debt-to-equity ratio of 64.85. The company has a market cap of $55.61 billion, a P/E ratio of 21.97, a PEG ratio of 2.57 and a beta of 0.75. Colgate-Palmolive has a 52-week low of $61.28 and a 52-week high of $77.91.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, April 27th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.01. The business had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.01 billion. Colgate-Palmolive had a net margin of 13.30% and a return on equity of 1,486.69%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. analysts predict that Colgate-Palmolive will post 3.15 EPS for the current fiscal year.

In other news, Vice Chairman Franck J. Moison sold 80,000 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $61.75, for a total value of $4,940,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Helene D. Gayle sold 7,000 shares of the company’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $62.23, for a total transaction of $435,610.00. Following the completion of the sale, the director now directly owns 35,395 shares in the company, valued at $2,202,630.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 142,079 shares of company stock worth $8,981,683. Insiders own 1.02% of the company’s stock.

About Colgate-Palmolive

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

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

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