Municipal Employees Retirement System of Michigan increased its position in shares of Colgate-Palmolive Company (NYSE:CL) by 0.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,680 shares of the company’s stock after buying an additional 150 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Colgate-Palmolive were worth $2,099,000 at the end of the most recent quarter.
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 Colgate-Palmolive by 6.7% during the first quarter. First Financial Corp IN now owns 4,757 shares of the company’s stock valued at $348,000 after purchasing an additional 300 shares during the period. Evanson Asset Management LLC grew its holdings in Colgate-Palmolive by 0.3% during the first quarter. Evanson Asset Management LLC now owns 11,869 shares of the company’s stock valued at $869,000 after purchasing an additional 32 shares during the period. Finally, SFE Investment Counsel grew its holdings in Colgate-Palmolive by 1.6% during the first quarter. SFE Investment Counsel now owns 10,125 shares of the company’s stock valued at $741,000 after purchasing an additional 155 shares during the period. 73.16% of the stock is currently owned by institutional investors and hedge funds.
Shares of Colgate-Palmolive Company (NYSE:CL) traded up 0.19% on Friday, hitting $72.28. The stock had a trading volume of 4,662,365 shares. The stock has a market cap of $63.67 billion, a PE ratio of 26.86 and a beta of 0.80. The company has a 50 day moving average price of $71.57 and a 200-day moving average price of $73.28. Colgate-Palmolive Company has a 12 month low of $63.43 and a 12 month high of $77.27.
Colgate-Palmolive (NYSE:CL) last released its quarterly earnings results on Friday, July 21st. The company reported $0.72 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.72. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.89 billion. Colgate-Palmolive had a net margin of 15.83% and a return on equity of 3,121.95%. The firm’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $0.70 earnings per share. On average, equities research analysts anticipate that Colgate-Palmolive Company will post $2.89 earnings per share for the current year.
In other news, SVP John J. Huston sold 14,000 shares of Colgate-Palmolive stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $71.36, for a total value of $999,040.00. Following the sale, the senior vice president now owns 88,598 shares in the company, valued at $6,322,353.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Patricia Verduin sold 3,833 shares of Colgate-Palmolive stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $72.41, for a total transaction of $277,547.53. Following the completion of the sale, the insider now owns 53,022 shares in the company, valued at approximately $3,839,323.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 217,969 shares of company stock worth $15,693,933. 1.02% of the stock is owned by company insiders.
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Several equities analysts have weighed in on the company. Zacks Investment Research lowered Colgate-Palmolive from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated a “hold” rating and set a $74.00 target price on shares of Colgate-Palmolive in a research report on Thursday, May 25th. BidaskClub downgraded Colgate-Palmolive from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Jefferies Group LLC restated a “hold” rating and set a $79.00 target price on shares of Colgate-Palmolive in a research report on Thursday, August 24th. Finally, Deutsche Bank AG restated a “hold” rating and set a $75.00 target price on shares of Colgate-Palmolive in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. Colgate-Palmolive presently has a consensus rating of “Hold” and a consensus price target 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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