Ladenburg Thalmann Financial Services Inc. raised its stake in Colgate-Palmolive (NYSE:CL) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 329,914 shares of the company’s stock after acquiring an additional 4,527 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Colgate-Palmolive were worth $24,890,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in CL. Beach Investment Management LLC. acquired a new position in Colgate-Palmolive in the second quarter valued at approximately $3,954,000. NorthCoast Asset Management LLC raised its stake in shares of Colgate-Palmolive by 0.3% during the 2nd quarter. NorthCoast Asset Management LLC now owns 22,885 shares of the company’s stock worth $1,696,000 after buying an additional 68 shares during the period. Regal Investment Advisors LLC acquired a new position in shares of Colgate-Palmolive during the 2nd quarter worth approximately $218,000. Dai Ichi Life Insurance Company Ltd raised its stake in shares of Colgate-Palmolive by 26.0% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 105,918 shares of the company’s stock worth $7,852,000 after buying an additional 21,887 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Colgate-Palmolive by 1.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 45,797 shares of the company’s stock worth $3,395,000 after buying an additional 814 shares during the period. 73.87% of the stock is owned by institutional investors.
In related news, SVP John J. Huston sold 14,000 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $69.44, for a total value of $972,160.00. Following the completion of the transaction, the senior vice president now directly owns 100,508 shares of the company’s stock, valued at approximately $6,979,275.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Henning I. Jakobsen sold 36,215 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $71.22, for a total value of $2,579,232.30. Following the completion of the transaction, the vice president now directly owns 70,783 shares of the company’s stock, valued at $5,041,165.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 455,707 shares of company stock valued at $32,443,427. 1.02% of the stock is owned by corporate insiders.
Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, January 26th. The company reported $0.75 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.75. Colgate-Palmolive had a return on equity of 1,716.69% and a net margin of 13.10%. The firm had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the company earned $0.75 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. equities analysts predict that Colgate-Palmolive will post 3.18 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Friday, April 20th will be paid a $0.42 dividend. This is an increase from Colgate-Palmolive’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, April 19th. Colgate-Palmolive’s dividend payout ratio is currently 70.18%.
Several research analysts have recently weighed in on the company. Citigroup upped their target price on Colgate-Palmolive from $75.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. BNP Paribas downgraded Colgate-Palmolive from an “outperform” rating to an “underperform” rating in a research note on Tuesday, January 30th. Jefferies Group reaffirmed a “hold” rating and set a $79.00 target price on shares of Colgate-Palmolive in a research note on Friday, January 26th. Zacks Investment Research downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Monday, January 15th. Finally, Deutsche Bank assumed coverage on Colgate-Palmolive in a research note on Wednesday, December 13th. They set a “hold” rating and a $75.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $77.91.
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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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