Colgate-Palmolive (CL) Holdings Increased by Great West Life Assurance Co. Can

Share on StockTwits

Great West Life Assurance Co. Can raised its holdings in Colgate-Palmolive (NYSE:CL) by 13.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,151,141 shares of the company’s stock after acquiring an additional 133,786 shares during the period. Great West Life Assurance Co. Can’s holdings in Colgate-Palmolive were worth $78,664,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital Financial Planning LLC bought a new position in shares of Colgate-Palmolive during the 4th quarter valued at about $27,000. Timber Creek Capital Management LLC increased its position in shares of Colgate-Palmolive by 247.1% during the 4th quarter. Timber Creek Capital Management LLC now owns 472 shares of the company’s stock valued at $28,000 after purchasing an additional 336 shares during the last quarter. Parisi Gray Wealth Management increased its position in shares of Colgate-Palmolive by 365.3% during the 4th quarter. Parisi Gray Wealth Management now owns 470 shares of the company’s stock valued at $28,000 after purchasing an additional 369 shares during the last quarter. Portfolio Solutions LLC bought a new position in shares of Colgate-Palmolive during the 4th quarter valued at about $30,000. Finally, WP Advisors LLC bought a new position in shares of Colgate-Palmolive during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 74.63% of the company’s stock.

In related news, Chairman Ian M. Cook sold 19,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $71.20, for a total transaction of $1,388,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ian M. Cook sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $66.72, for a total value of $1,067,520.00. Following the transaction, the chief executive officer now owns 1,146,793 shares in the company, valued at $76,514,028.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 335,211 shares of company stock worth $23,724,495. 1.14% of the stock is owned by corporate insiders.

CL opened at $71.20 on Friday. The company has a debt-to-equity ratio of 32.25, a quick ratio of 0.74 and a current ratio of 1.07. Colgate-Palmolive has a 1 year low of $57.41 and a 1 year high of $73.10. The company has a market cap of $61.13 billion, a P/E ratio of 23.97, a P/E/G ratio of 4.69 and a beta of 0.81.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Friday, April 26th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. Colgate-Palmolive had a negative return on equity of 3,730.37% and a net margin of 15.08%. The business had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same period last year, the company earned $0.74 EPS. Colgate-Palmolive’s revenue for the quarter was down 2.9% compared to the same quarter last year. Research analysts forecast that Colgate-Palmolive will post 2.83 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.42%. This is a positive change from Colgate-Palmolive’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, April 17th. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 57.91%.

Several brokerages have recently commented on CL. Zacks Investment Research lowered Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. ValuEngine upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating in a research report on Monday, May 13th. Citigroup set a $68.00 price objective on Colgate-Palmolive and gave the company a “hold” rating in a research report on Tuesday, March 19th. Morgan Stanley increased their price objective on Colgate-Palmolive from $62.00 to $68.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. Finally, UBS Group increased their price objective on Colgate-Palmolive from $71.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, March 29th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $69.53.

COPYRIGHT VIOLATION NOTICE: This article was reported by Zolmax and is owned by of Zolmax. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://zolmax.com/investing/colgate-palmolive-cl-holdings-increased-by-great-west-life-assurance-co-can/3095054.html.

Colgate-Palmolive Company Profile

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

Recommended Story: Short Selling Stocks, A Beginner’s Guide

Want to see what other hedge funds are holding CL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Colgate-Palmolive (NYSE:CL).

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

Receive News & Ratings for Colgate-Palmolive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colgate-Palmolive and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Analysts Expect Bank of Hawaii Co.  to Announce $1.38 Earnings Per Share
Analysts Expect Bank of Hawaii Co. to Announce $1.38 Earnings Per Share
Soarcoin 1-Day Trading Volume Tops $220.00
Soarcoin 1-Day Trading Volume Tops $220.00
Mason Graphite  Shares Up 5.6%
Mason Graphite Shares Up 5.6%
Continental Gold  Shares Up 0.7%
Continental Gold Shares Up 0.7%
Arcus Biosciences Inc  Short Interest Update
Arcus Biosciences Inc Short Interest Update
Hancock Whitney Corp  Given Average Rating of “Buy” by Analysts
Hancock Whitney Corp Given Average Rating of “Buy” by Analysts


 
© 2006-2019 Zolmax.