VGI Partners Ltd Has $138.85 Million Stock Position in Colgate-Palmolive (NYSE:CL)
VGI Partners Ltd lifted its holdings in Colgate-Palmolive (NYSE:CL) by 0.9% in the second quarter, Holdings Channel reports. The fund owned 1,937,412 shares of the company’s stock after purchasing an additional 17,814 shares during the quarter. Colgate-Palmolive makes up 11.7% of VGI Partners Ltd’s holdings, making the stock its 4th biggest holding. VGI Partners Ltd’s holdings in Colgate-Palmolive were worth $138,854,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Point72 Asset Management L.P. purchased a new position in shares of Colgate-Palmolive during the second quarter worth approximately $1,770,000. Westwood Holdings Group Inc. increased its position in shares of Colgate-Palmolive by 24.4% during the second quarter. Westwood Holdings Group Inc. now owns 1,568,298 shares of the company’s stock worth $112,401,000 after acquiring an additional 307,837 shares during the period. Nomura Holdings Inc. increased its position in shares of Colgate-Palmolive by 166.8% during the second quarter. Nomura Holdings Inc. now owns 119,697 shares of the company’s stock worth $8,645,000 after acquiring an additional 74,830 shares during the period. Zurich Insurance Group Ltd FI increased its position in shares of Colgate-Palmolive by 10.4% during the second quarter. Zurich Insurance Group Ltd FI now owns 157,957 shares of the company’s stock worth $11,321,000 after acquiring an additional 14,855 shares during the period. Finally, Security National Bank of SO Dak increased its position in shares of Colgate-Palmolive by 3.5% during the second quarter. Security National Bank of SO Dak now owns 22,230 shares of the company’s stock worth $1,593,000 after acquiring an additional 745 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on CL shares. ValuEngine lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Piper Jaffray Companies started coverage on shares of Colgate-Palmolive in a report on Tuesday, August 13th. They set an “overweight” rating on the stock. Deutsche Bank lifted their price objective on shares of Colgate-Palmolive from $74.00 to $76.00 and gave the company a “hold” rating in a report on Friday, July 12th. Bank of America set a $80.00 price objective on shares of Colgate-Palmolive and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Zacks Investment Research lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating and set a $77.00 price objective on the stock. in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. Colgate-Palmolive has an average rating of “Hold” and an average price target of $73.87.
CL stock traded up $0.06 during trading on Friday, hitting $71.01. 104,381 shares of the company’s stock traded hands, compared to its average volume of 2,811,776. The firm has a market capitalization of $61.05 billion, a P/E ratio of 23.90, a PEG ratio of 4.50 and a beta of 0.75. The business has a fifty day simple moving average of $72.24 and a two-hundred day simple moving average of $70.98. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 32.25. Colgate-Palmolive has a 1 year low of $57.41 and a 1 year high of $76.41.
Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, July 26th. The company reported $0.72 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The company had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.88 billion. Colgate-Palmolive had a net margin of 14.77% and a negative return on equity of 10,821.98%. Colgate-Palmolive’s revenue was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.77 earnings per share. On average, equities research analysts predict that Colgate-Palmolive will post 2.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Wednesday, October 23rd will be paid a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.72 annualized dividend and a yield of 2.42%. Colgate-Palmolive’s dividend payout ratio (DPR) is 57.91%.
Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. It offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; and personal care products, such as liquid hand soaps, bar soaps, shower gels, deodorants and antiperspirants, skin care products, and shampoos and conditioners.
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