Cypress Asset Management Inc. TX trimmed its holdings in shares of Colgate-Palmolive (NYSE:CL) by 6.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,938 shares of the company’s stock after selling 2,090 shares during the quarter. Cypress Asset Management Inc. TX’s holdings in Colgate-Palmolive were worth $2,071,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its holdings in Colgate-Palmolive by 11.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 32,560,326 shares of the company’s stock valued at $2,110,235,000 after buying an additional 3,397,667 shares during the period. Bank of New York Mellon Corp boosted its stake in Colgate-Palmolive by 8.6% in the second quarter. Bank of New York Mellon Corp now owns 20,135,385 shares of the company’s stock valued at $1,304,974,000 after acquiring an additional 1,596,825 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in Colgate-Palmolive by 6.4% in the second quarter. OppenheimerFunds Inc. now owns 6,785,987 shares of the company’s stock valued at $439,801,000 after acquiring an additional 405,430 shares in the last quarter. Fiera Capital Corp boosted its stake in Colgate-Palmolive by 4.6% in the second quarter. Fiera Capital Corp now owns 5,012,573 shares of the company’s stock valued at $324,865,000 after acquiring an additional 219,925 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Colgate-Palmolive by 15.3% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,093,312 shares of the company’s stock valued at $265,288,000 after acquiring an additional 543,500 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Shares of NYSE:CL traded up $1.87 on Friday, hitting $64.51. 508,688 shares of the company were exchanged, compared to its average volume of 3,644,756. Colgate-Palmolive has a 1-year low of $61.28 and a 1-year high of $77.91. The company has a current ratio of 1.06, a quick ratio of 0.74 and a debt-to-equity ratio of -34.49. The company has a market capitalization of $55.14 billion, a P/E ratio of 22.71, a PEG ratio of 2.91 and a beta of 0.72.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, July 27th. The company reported $0.77 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. Colgate-Palmolive had a net margin of 13.97% and a return on equity of 2,494.79%. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts forecast that Colgate-Palmolive will post 3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Friday, October 19th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, October 18th. This represents a $1.68 annualized dividend and a dividend yield of 2.60%. Colgate-Palmolive’s payout ratio is currently 58.54%.

In other news, VP Justin Skala sold 90,069 shares of Colgate-Palmolive stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $66.36, for a total transaction of $5,976,978.84. Following the completion of the sale, the vice president now directly owns 65,061 shares in the company, valued at $4,317,447.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Dennis J. Hickey sold 120,000 shares of Colgate-Palmolive stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $65.72, for a total transaction of $7,886,400.00. Following the sale, the insider now owns 202,414 shares of the company’s stock, valued at $13,302,648.08. The disclosure for this sale can be found here. Insiders have sold 395,779 shares of company stock valued at $26,108,856 over the last quarter. Insiders own 1.02% of the company’s stock.

Several equities research analysts have weighed in on the stock. Morgan Stanley lowered their target price on shares of Colgate-Palmolive from $69.00 to $67.00 and set an “equal weight” rating for the company in a research note on Thursday, June 21st. UBS Group set a $71.00 target price on shares of Colgate-Palmolive and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Stifel Nicolaus lowered their target price on shares of Colgate-Palmolive from $75.00 to $73.00 and set a “hold” rating for the company in a research note on Monday, July 23rd. Finally, Wells Fargo & Co lowered their target price on shares of Colgate-Palmolive from $64.00 to $62.00 and set a “market perform” rating for the company in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $70.79.

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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