Tokio Marine Asset Management Co. Ltd. reduced its stake in shares of Colgate-Palmolive (NYSE:CL) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,362 shares of the company’s stock after selling 609 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Colgate-Palmolive were worth $557,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Timber Creek Capital Management LLC raised its holdings in Colgate-Palmolive by 247.1% in the fourth quarter. Timber Creek Capital Management LLC now owns 472 shares of the company’s stock valued at $28,000 after buying an additional 336 shares during the period. BerganKDV Wealth Management LLC purchased a new position in Colgate-Palmolive in the fourth quarter valued at approximately $47,000. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in Colgate-Palmolive by 46.2% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 950 shares of the company’s stock valued at $57,000 after buying an additional 300 shares during the period. Moody National Bank Trust Division purchased a new position in Colgate-Palmolive in the fourth quarter valued at approximately $94,000. Finally, ETF Managers Group LLC raised its holdings in Colgate-Palmolive by 15.7% in the fourth quarter. ETF Managers Group LLC now owns 1,815 shares of the company’s stock valued at $108,000 after buying an additional 246 shares during the period. Institutional investors and hedge funds own 75.21% of the company’s stock.

Several research firms recently commented on CL. Jefferies Financial Group restated a “hold” rating and issued a $61.00 price target on shares of Colgate-Palmolive in a report on Friday, February 1st. Wells Fargo & Co restated a “hold” rating and issued a $57.00 price target on shares of Colgate-Palmolive in a report on Thursday, January 31st. Zacks Investment Research lowered shares of Colgate-Palmolive from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 30th. Macquarie set a $57.00 price target on shares of Colgate-Palmolive and gave the company a “hold” rating in a report on Tuesday, January 29th. Finally, Morgan Stanley set a $62.00 price target on shares of Colgate-Palmolive and gave the company 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 given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $65.00.

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

Shares of CL traded down $0.26 during mid-day trading on Monday, reaching $65.43. 1,173,706 shares of the stock traded hands, compared to its average volume of 4,418,505. The firm has a market capitalization of $56.97 billion, a P/E ratio of 22.03, a P/E/G ratio of 4.24 and a beta of 0.78. Colgate-Palmolive has a 12-month low of $57.41 and a 12-month high of $72.61.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Wednesday, January 23rd will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, January 22nd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.57%. Colgate-Palmolive’s dividend payout ratio is currently 56.57%.

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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.

Further Reading: Convertible Shares

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

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