Investment House LLC Maintains Stake in Colgate-Palmolive Company (CL)

Investment House LLC continued to hold its position in Colgate-Palmolive Company (NYSE:CL) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,170 shares of the company’s stock at the close of the first quarter. Investment House LLC’s holdings in Colgate-Palmolive were worth $818,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CL. Vicus Capital grew its holdings in shares of Colgate-Palmolive by 132.0% in the first quarter. Vicus Capital now owns 67,349 shares of the company’s stock valued at $4,929,000 after acquiring an additional 38,316 shares in the last quarter. Somerset Trust Co grew its holdings in shares of Colgate-Palmolive by 1.9% in the first quarter. Somerset Trust Co now owns 17,585 shares of the company’s stock valued at $1,287,000 after acquiring an additional 331 shares in the last quarter. First Financial Corp IN grew its holdings in shares of Colgate-Palmolive by 6.7% in the first quarter. First Financial Corp IN now owns 4,757 shares of the company’s stock valued at $348,000 after acquiring an additional 300 shares in the last quarter. Evanson Asset Management LLC grew its holdings in shares of Colgate-Palmolive by 0.3% in the first quarter. Evanson Asset Management LLC now owns 11,869 shares of the company’s stock valued at $869,000 after acquiring an additional 32 shares in the last quarter. Finally, SFE Investment Counsel grew its holdings in shares of Colgate-Palmolive by 1.6% in the first quarter. SFE Investment Counsel now owns 10,125 shares of the company’s stock valued at $741,000 after acquiring an additional 155 shares in the last quarter. 73.16% of the stock is currently owned by institutional investors and hedge funds.

Colgate-Palmolive Company (NYSE:CL) traded up 0.19% on Friday, reaching $72.28. The company had a trading volume of 4,662,365 shares. The stock’s 50 day moving average price is $71.57 and its 200-day moving average price is $73.28. The stock has a market capitalization of $63.67 billion, a PE ratio of 26.86 and a beta of 0.80. Colgate-Palmolive Company has a 12-month low of $63.43 and a 12-month high of $77.27.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Friday, July 21st. The company reported $0.72 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.72. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.89 billion. Colgate-Palmolive had a net margin of 15.83% and a return on equity of 3,121.95%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm posted $0.70 earnings per share. Equities analysts expect that Colgate-Palmolive Company will post $2.89 earnings per share for the current fiscal year.

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Several equities analysts have weighed in on the company. Macquarie assumed coverage on Colgate-Palmolive in a report on Thursday. They set a “neutral” rating and a $76.00 price objective for the company. Jefferies Group LLC reissued a “hold” rating and set a $79.00 price objective on shares of Colgate-Palmolive in a report on Thursday, August 24th. Zacks Investment Research lowered Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Deutsche Bank AG reissued a “hold” rating and set a $75.00 price objective on shares of Colgate-Palmolive in a report on Monday, July 24th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Colgate-Palmolive in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $75.83.

In other Colgate-Palmolive news, Director Ellen M. Hancock sold 5,057 shares of Colgate-Palmolive stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $71.91, for a total transaction of $363,648.87. Following the transaction, the director now directly owns 199,777 shares of the company’s stock, valued at $14,365,964.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Patricia Verduin sold 3,833 shares of Colgate-Palmolive stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $71.45, for a total transaction of $273,867.85. Following the transaction, the insider now directly owns 53,173 shares in the company, valued at $3,799,210.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 217,969 shares of company stock worth $15,693,933. Insiders own 1.02% of the company’s stock.

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.

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

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