Jarislowsky Fraser Ltd Has $115.93 Million Holdings in Colgate-Palmolive (CL)

Share on StockTwits

Jarislowsky Fraser Ltd cut its holdings in Colgate-Palmolive (NYSE:CL) by 7.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,947,818 shares of the company’s stock after selling 153,244 shares during the period. Jarislowsky Fraser Ltd’s holdings in Colgate-Palmolive were worth $115,934,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Timber Creek Capital Management LLC increased its position in shares of Colgate-Palmolive by 247.1% during the fourth quarter. Timber Creek Capital Management LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 336 shares in the last quarter. BerganKDV Wealth Management LLC acquired a new stake in shares of Colgate-Palmolive during the fourth quarter worth about $47,000. Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of Colgate-Palmolive by 46.2% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 950 shares of the company’s stock worth $57,000 after purchasing an additional 300 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in shares of Colgate-Palmolive during the fourth quarter worth about $94,000. Finally, Price Capital Management Inc. acquired a new stake in shares of Colgate-Palmolive during the third quarter worth about $121,000. Institutional investors own 75.21% of the company’s stock.

In other Colgate-Palmolive news, Director John T. Cahill sold 5,780 shares of Colgate-Palmolive stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $64.46, for a total value of $372,578.80. Following the sale, the director now owns 27,820 shares of the company’s stock, valued at approximately $1,793,277.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.02% of the stock is currently owned by insiders.

A number of research firms have recently commented on CL. Zacks Investment Research cut Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Monday, October 29th. Macquarie set a $57.00 price target on Colgate-Palmolive and gave the stock a “hold” rating in a report on Tuesday, January 29th. Wells Fargo & Co reissued a “hold” rating and set a $57.00 price target on shares of Colgate-Palmolive in a report on Thursday, January 31st. Jefferies Financial Group reissued a “hold” rating and set a $61.00 price target on shares of Colgate-Palmolive in a report on Friday, February 1st. Finally, Morgan Stanley set a $62.00 price target on Colgate-Palmolive and gave the stock a “hold” rating in a report on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $65.00.

NYSE CL opened at $65.69 on Monday. Colgate-Palmolive has a 52-week low of $57.41 and a 52-week high of $72.61. The stock has a market cap of $56.97 billion, a P/E ratio of 22.12, a P/E/G ratio of 4.24 and a beta of 0.78.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings results on Friday, January 25th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.01. Colgate-Palmolive had a return on equity of 25,268.29% and a net margin of 15.44%. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the company posted $0.75 earnings per share. The business’s revenue was down 2.1% on a year-over-year basis. As a group, analysts expect that Colgate-Palmolive will post 2.83 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Wednesday, January 23rd will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Tuesday, January 22nd. Colgate-Palmolive’s dividend payout ratio is presently 56.57%.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Zolmax and is the sole property of of Zolmax. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://zolmax.com/investing/jarislowsky-fraser-ltd-has-115-93-million-holdings-in-colgate-palmolive-cl/2891585.html.

Colgate-Palmolive Company Profile

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.

Recommended Story: Trading signals using Bollinger bands

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

BlackRock  Given New $472.00 Price Target at Barclays
BlackRock Given New $472.00 Price Target at Barclays
AngloGold Ashanti  Rating Increased to Buy at ValuEngine
AngloGold Ashanti Rating Increased to Buy at ValuEngine
American Eagle Outfitters  Cut to Hold at ValuEngine
American Eagle Outfitters Cut to Hold at ValuEngine
Nordson  Posts Quarterly  Earnings Results, Misses Estimates By $0.21 EPS
Nordson Posts Quarterly Earnings Results, Misses Estimates By $0.21 EPS
Synopsys  Issues Quarterly  Earnings Results, Beats Estimates By $0.51 EPS
Synopsys Issues Quarterly Earnings Results, Beats Estimates By $0.51 EPS
Packaging Corp Of America  Expected to Announce Earnings of $1.97 Per Share
Packaging Corp Of America Expected to Announce Earnings of $1.97 Per Share


Leave a Reply

 
© 2006-2019 Zolmax.