Caprock Group LLC grew its place in Colgate-Palmolive (NYSE:CL – Free Report) by 112.6% in the course of the second quarter, based on its most up-to-date submitting with the Securities and Change Fee. The institutional investor owned 19,325 shares of the corporate’s inventory after buying a further 10,235 shares in the course of the quarter. Caprock Group LLC’s holdings in Colgate-Palmolive had been price $1,875,000 on the finish of the latest reporting interval.
Different institutional buyers have additionally modified their holdings of the corporate. Lynch & Associates IN lifted its stake in Colgate-Palmolive by 3.8% in the course of the second quarter. Lynch & Associates IN now owns 27,009 shares of the corporate’s inventory price $2,621,000 after buying a further 977 shares over the past quarter. Monetary Gravity Asset Administration Inc. lifted its place in shares of Colgate-Palmolive by 5.8% in the course of the 2nd quarter. Monetary Gravity Asset Administration Inc. now owns 23,085 shares of the corporate’s inventory price $2,240,000 after shopping for a further 1,260 shares over the past quarter. Customized Index Techniques LLC bought a brand new place in shares of Colgate-Palmolive within the 2nd quarter valued at $530,000. Fiducient Advisors LLC acquired a brand new stake in Colgate-Palmolive in the course of the 2nd quarter price $206,000. Lastly, Acadian Asset Administration LLC lifted its place in Colgate-Palmolive by 108.4% within the second quarter. Acadian Asset Administration LLC now owns 5,682,280 shares of the corporate’s inventory valued at $551,367,000 after buying a further 2,955,442 shares over the past quarter. 80.41% of the inventory is owned by hedge funds and different institutional buyers.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reviews on the corporate. Evercore ISI raised their value goal on Colgate-Palmolive from $100.00 to $106.00 and gave the inventory an “outperform” score in a report on Thursday, July 18th. Stifel Nicolaus boosted their goal value on Colgate-Palmolive from $95.00 to $105.00 and gave the inventory a “purchase” score in a analysis report on Monday, July twenty second. Sanford C. Bernstein raised their value goal on Colgate-Palmolive from $100.00 to $103.00 and gave the corporate a “market carry out” score in a report on Tuesday, July thirtieth. Wells Fargo & Firm upped their value goal on Colgate-Palmolive from $92.00 to $97.00 and gave the inventory an “equal weight” score in a report on Wednesday, July tenth. Lastly, Deutsche Financial institution Aktiengesellschaft raised their goal value on Colgate-Palmolive from $104.00 to $107.00 and gave the corporate a “purchase” score in a report on Monday, July twenty ninth. Eight analysis analysts have rated the inventory with a maintain score and fourteen have assigned a purchase score to the inventory. Based on information from MarketBeat, the inventory has a median score of “Average Purchase” and a median goal value of $102.53.
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Colgate-Palmolive Buying and selling Down 0.6 %
Shares of Colgate-Palmolive inventory opened at $107.86 on Monday. Colgate-Palmolive has a 1 yr low of $67.62 and a 1 yr excessive of $109.30. The corporate has a debt-to-equity ratio of 16.90, a present ratio of 1.06 and a fast ratio of 0.70. The enterprise has a 50 day shifting common value of $101.07 and a 200 day shifting common value of $94.58. The corporate has a market capitalization of $88.49 billion, a P/E ratio of 34.13, a P/E/G ratio of three.73 and a beta of 0.40.
Colgate-Palmolive (NYSE:CL – Get Free Report) final launched its quarterly earnings outcomes on Friday, July twenty sixth. The corporate reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The corporate had income of $5.06 billion in the course of the quarter, in comparison with analysts’ expectations of $5 billion. Colgate-Palmolive had a return on fairness of 470.19% and a web margin of 14.21%. The enterprise’s income for the quarter was up 4.9% in comparison with the identical quarter final yr. Throughout the identical interval within the earlier yr, the agency posted $0.77 earnings per share. Promote-side analysts anticipate that Colgate-Palmolive will put up 3.57 EPS for the present fiscal yr.
Colgate-Palmolive Proclaims Dividend
The corporate additionally lately declared a quarterly dividend, which was paid on Thursday, August fifteenth. Stockholders of document on Friday, July nineteenth had been issued a dividend of $0.50 per share. The ex-dividend date was Friday, July nineteenth. This represents a $2.00 dividend on an annualized foundation and a dividend yield of 1.85%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 63.29%.
Insider Exercise at Colgate-Palmolive
In different Colgate-Palmolive information, Director Martina Hundmejean bought 2,313 shares of the enterprise’s inventory in a transaction on Friday, August twenty third. The inventory was bought at a median value of $103.86, for a complete worth of $240,228.18. Following the completion of the transaction, the director now straight owns 11,755 shares within the firm, valued at roughly $1,220,874.30. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which is out there at this hyperlink. In different information, EVP Gregory Malcolm bought 10,533 shares of the corporate’s inventory in a transaction on Tuesday, August sixth. The inventory was bought at a median value of $103.10, for a complete transaction of $1,085,952.30. Following the completion of the sale, the manager vp now straight owns 10,377 shares within the firm, valued at roughly $1,069,868.70. The transaction was disclosed in a authorized submitting with the SEC, which is out there at this hyperlink. Additionally, Director Martina Hundmejean bought 2,313 shares of Colgate-Palmolive inventory in a transaction on Friday, August twenty third. The shares had been bought at a median value of $103.86, for a complete worth of $240,228.18. Following the completion of the transaction, the director now owns 11,755 shares within the firm, valued at roughly $1,220,874.30. The disclosure for this sale may be discovered right here. Over the past 90 days, insiders have bought 43,490 shares of firm inventory valued at $4,486,063. Firm insiders personal 0.34% of the corporate’s inventory.
Colgate-Palmolive Firm Profile
Colgate-Palmolive Firm, along with its subsidiaries, manufactures and sells client merchandise in the USA and internationally. It operates by way of two segments: Oral, Private and Dwelling Care; and Pet Vitamin. The Oral, Private and Dwelling Care section presents toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, bathe gels, shampoos, conditioners, deodorants and antiperspirants, pores and skin well being merchandise, dishwashing detergents, cloth conditioners, family cleaners, and different associated objects.
Additional Studying
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