Colgate-Palmolive (CL) Position Increased by Mn Services Vermogensbeheer B.V.
Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Colgate-Palmolive (NYSE:CL) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 138,621 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Colgate-Palmolive were worth $10,099,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of CL. OLD Second National Bank of Aurora bought a new stake in Colgate-Palmolive in the 2nd quarter worth approximately $109,000. Krilogy Financial LLC increased its stake in Colgate-Palmolive by 23.0% in the 2nd quarter. Krilogy Financial LLC now owns 1,547 shares of the company’s stock worth $115,000 after acquiring an additional 289 shares during the last quarter. Hanson & Doremus Investment Management increased its stake in Colgate-Palmolive by 4.5% in the 2nd quarter. Hanson & Doremus Investment Management now owns 1,630 shares of the company’s stock worth $121,000 after acquiring an additional 70 shares during the last quarter. Captrust Financial Advisors bought a new stake in Colgate-Palmolive in the 2nd quarter worth approximately $122,000. Finally, Harbour Capital Advisors LLC bought a new stake in Colgate-Palmolive in the 1st quarter worth approximately $121,000. 72.83% of the stock is currently owned by institutional investors.
In related news, insider Victoria L. Dolan sold 10,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $73.07, for a total transaction of $730,700.00. Following the completion of the transaction, the insider now owns 60,528 shares in the company, valued at approximately $4,422,780.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jennifer Daniels sold 7,375 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $73.18, for a total value of $539,702.50. Following the transaction, the insider now owns 38,691 shares of the company’s stock, valued at approximately $2,831,407.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 181,048 shares of company stock valued at $13,168,995. 1.02% of the stock is owned by company insiders.
Colgate-Palmolive (NYSE:CL) opened at $75.15 on Tuesday. The firm has a market capitalization of $65,989.61, a P/E ratio of 29.02, a PEG ratio of 3.44 and a beta of 0.81. 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 has a 12-month low of $63.43 and a 12-month high of $77.27.
Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, October 27th. The company reported $0.73 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. Colgate-Palmolive had a return on equity of 2,782.56% and a net margin of 15.10%. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the previous year, the company posted $0.73 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. analysts forecast that Colgate-Palmolive will post 2.88 earnings per share for the current year.
CL has been the topic of a number of research reports. Zacks Investment Research downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Jefferies Group reaffirmed a “hold” rating and issued a $79.00 price objective on shares of Colgate-Palmolive in a research note on Thursday, September 28th. Morgan Stanley reduced their price objective on Colgate-Palmolive from $84.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 31st. KeyCorp reaffirmed a “hold” rating on shares of Colgate-Palmolive in a research note on Monday, October 16th. Finally, Macquarie assumed coverage on Colgate-Palmolive in a research report on Thursday, September 14th. They set a “neutral” rating and a $76.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $76.33.
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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.
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