Strategic Monetary Ideas LLC purchased a brand new place in shares of Colgate-Palmolive (NYSE:CL – Free Report) throughout the 2nd quarter, in response to its most up-to-date submitting with the Securities and Alternate Fee (SEC). The institutional investor purchased 183,780 shares of the corporate’s inventory, valued at roughly $178,000.
Plenty of different hedge funds have additionally not too long ago added to or decreased their stakes in CL. Gryphon Monetary Companions LLC acquired a brand new stake in shares of Colgate-Palmolive within the fourth quarter price roughly $225,000. Principal Securities Inc. acquired a brand new place in shares of Colgate-Palmolive within the 4th quarter valued at $366,000. Cary Avenue Companions Funding Advisory LLC grew its stake in shares of Colgate-Palmolive by 2.4% throughout the 4th quarter. Cary Avenue Companions Funding Advisory LLC now owns 18,590 shares of the corporate’s inventory valued at $1,482,000 after shopping for a further 444 shares throughout the interval. QRG Capital Administration Inc. elevated its holdings in shares of Colgate-Palmolive by 5.8% throughout the 4th quarter. QRG Capital Administration Inc. now owns 46,633 shares of the corporate’s inventory price $3,717,000 after shopping for a further 2,540 shares over the past quarter. Lastly, Dimensional Fund Advisors LP raised its place in shares of Colgate-Palmolive by 1.1% within the 4th quarter. Dimensional Fund Advisors LP now owns 2,793,195 shares of the corporate’s inventory price $222,637,000 after shopping for a further 30,979 shares throughout the interval. 80.41% of the inventory is owned by institutional buyers and hedge funds.
Insider Shopping for and Promoting at Colgate-Palmolive
In different information, EVP Gregory Malcolm offered 10,533 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, August sixth. The inventory was offered at a median worth of $103.10, for a complete transaction of $1,085,952.30. Following the completion of the transaction, the manager vice chairman now instantly owns 10,377 shares within the firm, valued at $1,069,868.70. The sale was disclosed in a authorized submitting with the SEC, which is accessible via this hyperlink. In different information, insider Sally Massey offered 15,850 shares of the corporate’s inventory in a transaction that occurred on Tuesday, August sixth. The shares had been offered at a median worth of $103.28, for a complete worth of $1,636,988.00. Following the completion of the sale, the insider now instantly owns 13,942 shares of the corporate’s inventory, valued at roughly $1,439,929.76. The sale was disclosed in a doc filed with the SEC, which is offered at this hyperlink. Additionally, EVP Gregory Malcolm offered 10,533 shares of the agency’s inventory in a transaction that occurred on Tuesday, August sixth. The shares had been offered at a median worth of $103.10, for a complete transaction of $1,085,952.30. Following the transaction, the manager vice chairman now owns 10,377 shares within the firm, valued at roughly $1,069,868.70. The disclosure for this sale could be discovered right here. During the last 90 days, insiders have offered 43,490 shares of firm inventory price $4,486,063. 0.34% of the inventory is owned by firm insiders.
Wall Avenue Analyst Weigh In
A number of equities analysis analysts have commented on CL shares. Redburn Atlantic upgraded Colgate-Palmolive to a “maintain” ranking in a analysis be aware on Thursday, August 1st. Hsbc International Res downgraded shares of Colgate-Palmolive from a “strong-buy” ranking to a “maintain” ranking in a analysis report on Friday, July twenty sixth. Jefferies Monetary Group minimize shares of Colgate-Palmolive from a “purchase” ranking to a “maintain” ranking and decreased their worth goal for the corporate from $103.00 to $95.00 in a analysis report on Wednesday, July twenty fourth. HSBC reissued a “maintain” ranking on shares of Colgate-Palmolive in a analysis report on Friday, July twenty sixth. Lastly, Evercore ISI upped their worth goal on shares of Colgate-Palmolive from $100.00 to $106.00 and gave the inventory an “outperform” ranking in a analysis report on Thursday, July 18th. 9 equities analysis analysts have rated the inventory with a maintain ranking and 13 have assigned a purchase ranking to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, the inventory has a median ranking of “Average Purchase” and a consensus worth goal of $102.63.
Test Out Our Newest Evaluation on Colgate-Palmolive
Colgate-Palmolive Inventory Efficiency
Shares of CL opened at $107.11 on Tuesday. The corporate has a debt-to-equity ratio of 16.90, a present ratio of 1.06 and a fast ratio of 0.70. Colgate-Palmolive has a 12-month low of $67.62 and a 12-month excessive of $109.30. The enterprise’s fifty day shifting common worth is $101.30 and its 200 day shifting common worth is $94.73. The inventory has a market capitalization of $87.52 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of three.78 and a beta of 0.40.
Colgate-Palmolive (NYSE:CL – Get Free Report) final posted its earnings outcomes on Friday, July twenty sixth. The corporate reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Colgate-Palmolive had a return on fairness of 470.19% and a web margin of 14.21%. The corporate had income of $5.06 billion throughout the quarter, in comparison with analyst estimates of $5 billion. Throughout the identical interval within the prior yr, the corporate earned $0.77 earnings per share. The enterprise’s income was up 4.9% in comparison with the identical quarter final yr. Equities analysis analysts forecast that Colgate-Palmolive will publish 3.57 EPS for the present yr.
Colgate-Palmolive Dividend Announcement
The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Thursday, August fifteenth. Shareholders of file on Friday, July nineteenth got a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Friday, July nineteenth. Colgate-Palmolive’s dividend payout ratio (DPR) is 63.29%.
Colgate-Palmolive Profile
Colgate-Palmolive Firm, along with its subsidiaries, manufactures and sells shopper merchandise in the US and internationally. It operates via two segments: Oral, Private and House Care; and Pet Vitamin. The Oral, Private and House Care phase gives toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, bathe gels, shampoos, conditioners, deodorants and antiperspirants, pores and skin well being merchandise, dishwashing detergents, material conditioners, family cleaners, and different associated gadgets.
See Additionally
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