Rothschild Asset Management Inc. reduced its position in Colgate-Palmolive Company (NYSE:CL) by 19.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,138 shares of the company’s stock after selling 1,708 shares during the period. Rothschild Asset Management Inc.’s holdings in Colgate-Palmolive were worth $522,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of CL. AlphaMark Advisors LLC increased its holdings in shares of Colgate-Palmolive by 452.1% during the 1st quarter. AlphaMark Advisors LLC now owns 1,673 shares of the company’s stock valued at $122,000 after acquiring an additional 1,370 shares during the last quarter. North Star Investment Management Corp. boosted its stake in Colgate-Palmolive by 3.9% during the 1st quarter. North Star Investment Management Corp. now owns 1,797 shares of the company’s stock valued at $132,000 after purchasing an additional 67 shares during the period. Blue Chip Partners Inc. boosted its stake in Colgate-Palmolive by 0.4% during the 1st quarter. Blue Chip Partners Inc. now owns 1,805 shares of the company’s stock valued at $132,000 after purchasing an additional 8 shares during the period. Advantage Investment Management LLC boosted its stake in Colgate-Palmolive by 16.8% during the 1st quarter. Advantage Investment Management LLC now owns 1,850 shares of the company’s stock valued at $135,000 after purchasing an additional 266 shares during the period. Finally, Heritage Trust Co bought a new stake in Colgate-Palmolive during the 1st quarter valued at approximately $146,000. 73.10% of the stock is currently owned by institutional investors.
Shares of Colgate-Palmolive Company (NYSE:CL) opened at 71.19 on Friday. Colgate-Palmolive Company has a one year low of $63.43 and a one year high of $77.27. The stock has a 50 day moving average price of $71.58 and a 200-day moving average price of $73.27. The company has a market capitalization of $62.71 billion, a price-to-earnings ratio of 26.45 and a beta of 0.80.
Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Colgate-Palmolive had a net margin of 15.83% and a return on equity of 3,121.95%. Colgate-Palmolive’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.70 earnings per share. On average, equities research analysts expect that Colgate-Palmolive Company will post $2.89 EPS for the current year.
In related news, SVP John J. Huston sold 14,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $71.36, for a total transaction of $999,040.00. Following the transaction, the senior vice president now owns 88,598 shares in the company, valued at $6,322,353.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Dennis J. Hickey sold 73,872 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $71.80, for a total transaction of $5,304,009.60. Following the transaction, the chief financial officer now owns 484,985 shares in the company, valued at approximately $34,821,923. The disclosure for this sale can be found here. In the last quarter, insiders sold 217,969 shares of company stock worth $15,693,933. Insiders own 1.02% of the company’s stock.
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A number of brokerages have commented on CL. BidaskClub downgraded Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Deutsche Bank AG reiterated a “hold” rating and issued a $75.00 price objective on shares of Colgate-Palmolive in a research report on Monday, July 24th. Wells Fargo & Company reiterated a “market perform” rating on shares of Colgate-Palmolive in a research report on Monday, July 24th. Jefferies Group LLC raised their target price on Colgate-Palmolive from $76.00 to $77.00 and gave the stock a “hold” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research upgraded Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Tuesday, July 4th. 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 stock. The stock has an average rating of “Hold” and a consensus target price of $75.83.
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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