Colgate-Palmolive (CL) Holdings Lifted by Wedbush Securities Inc.

Wedbush Securities Inc. raised its holdings in Colgate-Palmolive (NYSE:CL) by 4.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,538 shares of the company’s stock after purchasing an additional 1,058 shares during the quarter. Wedbush Securities Inc.’s holdings in Colgate-Palmolive were worth $1,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in CL. First Trust Advisors LP boosted its position in Colgate-Palmolive by 13.3% during the second quarter. First Trust Advisors LP now owns 354,909 shares of the company’s stock worth $23,002,000 after acquiring an additional 41,567 shares during the last quarter. Victory Capital Management Inc. boosted its position in Colgate-Palmolive by 9.8% during the second quarter. Victory Capital Management Inc. now owns 90,142 shares of the company’s stock worth $5,842,000 after acquiring an additional 8,046 shares during the last quarter. KBC Group NV boosted its position in Colgate-Palmolive by 20.6% during the second quarter. KBC Group NV now owns 171,505 shares of the company’s stock worth $11,115,000 after acquiring an additional 29,332 shares during the last quarter. State of Wisconsin Investment Board boosted its position in Colgate-Palmolive by 6.2% during the second quarter. State of Wisconsin Investment Board now owns 961,642 shares of the company’s stock worth $62,324,000 after acquiring an additional 56,260 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Colgate-Palmolive during the second quarter worth approximately $5,918,000. Hedge funds and other institutional investors own 75.10% of the company’s stock.

In other news, VP Philip G. Shotts sold 462 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $67.05, for a total value of $30,977.10. Following the transaction, the vice president now owns 41,250 shares of the company’s stock, valued at approximately $2,765,812.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Henning I. Jakobsen sold 1,015 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $67.05, for a total transaction of $68,055.75. Following the completion of the transaction, the chief financial officer now directly owns 36,193 shares in the company, valued at approximately $2,426,740.65. The disclosure for this sale can be found here. 1.02% of the stock is owned by company insiders.



Shares of CL opened at $62.70 on Thursday. The firm has a market capitalization of $54.71 billion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 3.10 and a beta of 0.76. Colgate-Palmolive has a fifty-two week low of $57.41 and a fifty-two week high of $77.91. The company has a current ratio of 1.11, a quick ratio of 0.77 and a debt-to-equity ratio of 64.85.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, October 26th. The company reported $0.72 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.72. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.89 billion. Colgate-Palmolive had a net margin of 13.55% and a return on equity of 12,004.60%. Colgate-Palmolive’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the business earned $0.73 EPS. Sell-side analysts forecast that Colgate-Palmolive will post 2.96 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Friday, October 19th were issued a $0.42 dividend. The ex-dividend date of this dividend was Thursday, October 18th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.68%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 58.54%.

A number of analysts recently issued reports on the stock. Morgan Stanley decreased their target price on shares of Colgate-Palmolive from $65.00 to $60.00 and set a “hold” rating on the stock in a research report on Tuesday, October 30th. Argus decreased their target price on shares of Colgate-Palmolive from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Zacks Investment Research lowered shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Monday, October 29th. Wells Fargo & Co decreased their target price on shares of Colgate-Palmolive from $62.00 to $58.00 and set a “market perform” rating on the stock in a research report on Monday, October 29th. Finally, Citigroup decreased their target price on shares of Colgate-Palmolive from $68.00 to $63.00 and set a “hold” rating on the stock in a research report on Monday, October 29th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $68.20.

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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.

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

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