Tokio Marine Asset Management Co. Ltd. decreased its holdings in shares of Colgate-Palmolive (NYSE:CL) by 88.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,771 shares of the company’s stock after selling 129,996 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Colgate-Palmolive were worth $1,341,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Crossmark Global Holdings Inc. boosted its holdings in shares of Colgate-Palmolive by 4.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 125,851 shares of the company’s stock valued at $9,495,000 after acquiring an additional 5,524 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new position in shares of Colgate-Palmolive during the fourth quarter valued at $1,735,000. Stephens Inc. AR boosted its holdings in shares of Colgate-Palmolive by 12.2% during the fourth quarter. Stephens Inc. AR now owns 72,799 shares of the company’s stock valued at $5,493,000 after acquiring an additional 7,924 shares during the period. Calton & Associates Inc. acquired a new position in shares of Colgate-Palmolive during the fourth quarter valued at $126,000. Finally, Delaney Dennis R acquired a new position in shares of Colgate-Palmolive during the fourth quarter valued at $247,000. Hedge funds and other institutional investors own 72.85% of the company’s stock.

Shares of Colgate-Palmolive (CL) opened at $70.30 on Wednesday. Colgate-Palmolive has a 1-year low of $67.19 and a 1-year high of $77.91. The company has a debt-to-equity ratio of 24.42, a current ratio of 0.47 and a quick ratio of 0.34. The firm has a market cap of $61,730.00, a PE ratio of 30.83, a price-to-earnings-growth ratio of 2.60 and a beta of 0.75.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Friday, January 26th. The company reported $0.75 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.75. Colgate-Palmolive had a net margin of 13.10% and a return on equity of 1,716.69%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the company earned $0.75 EPS. Colgate-Palmolive’s revenue was up 4.6% on a year-over-year basis. equities research analysts anticipate that Colgate-Palmolive will post 3.18 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Tuesday, January 23rd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Monday, January 22nd. Colgate-Palmolive’s payout ratio is 70.18%.

Several equities research analysts recently weighed in on CL shares. Zacks Investment Research downgraded shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Stifel Nicolaus set a $73.00 price objective on shares of Colgate-Palmolive and gave the stock a “hold” rating in a report on Sunday, October 29th. Jefferies Group reduced their price objective on shares of Colgate-Palmolive from $79.00 to $76.00 and set a “hold” rating for the company in a report on Monday, October 30th. Morgan Stanley reduced their price objective on shares of Colgate-Palmolive from $84.00 to $83.00 and set an “overweight” rating for the company in a report on Tuesday, October 31st. Finally, Citigroup reduced their price objective on shares of Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $77.71.

In other Colgate-Palmolive news, Director Ellen M. Hancock sold 4,676 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $74.12, for a total value of $346,585.12. Following the completion of the sale, the director now directly owns 208,063 shares of the company’s stock, valued at approximately $15,421,629.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Henning I. Jakobsen sold 36,215 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $71.22, for a total transaction of $2,579,232.30. Following the completion of the sale, the vice president now directly owns 70,783 shares of the company’s stock, valued at $5,041,165.26. The disclosure for this sale can be found here. Insiders sold a total of 406,869 shares of company stock valued at $29,040,662 over the last three months. 1.02% of the stock is owned by corporate insiders.

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Colgate-Palmolive Profile

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

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