The Mn Services Vermogensbeheer B.V. Boosts Stake in Colgate-Palmolive Company (CL)

The Mn Services Vermogensbeheer B.V. Boosts Stake in Colgate-Palmolive Company (CL)

Other hedge funds have also modified their holdings of the company. Advantage Investment Management LLC acquired a new stake in shares of Colgate-Palmolive Company during the fourth quarter valued at about $104,000. Norway Savings Bank acquired a new stake in shares of Colgate-Palmolive Company during the fourth quarter valued at about $110,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Colgate-Palmolive Company during the third quarter valued at about $118,000. Concannon Wealth Management LLC increased its stake in shares of Colgate-Palmolive Company by 33.8% in the third quarter. Concannon Wealth Management LLC now owns 1,605 shares of the company’s stock valued at $119,000 after buying an additional 405 shares during the period. Finally, Security Asset Management acquired a new stake in shares of Colgate-Palmolive Company during the fourth quarter valued at about $131,000. 73.24% of the stock is currently owned by institutional investors.

Mn Services Vermogensbeheer B.V. raised its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,577 shares of the company’s stock after buying an additional 630 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Colgate-Palmolive Company were worth $1,545,000 at the end of the most recent quarter.

Colgate-Palmolive Company (CL) opened at 77.11 on Monday. Colgate-Palmolive Company has a 12-month low of $63.43 and a 12-month high of $77.11. The stock has a market cap of $68.11 billion, a PE ratio of 27.83 and a beta of 0.70. The company’s 50-day moving average price is $73.46 and its 200-day moving average price is $70.16.

Colgate-Palmolive Company (NYSE:CL) last issued its earnings results on Friday, April 28th. The company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Colgate-Palmolive Company had a return on equity of 4,897.09% and a net margin of 16.06%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. The company’s revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that Colgate-Palmolive Company will post $2.92 EPS for the current fiscal year. The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 21st were issued a $0.40 dividend. The ex-dividend date was Wednesday, April 19th. This represents a $1.60 dividend on an annualized basis and a yield of 2.07%. This is an increase from Colgate-Palmolive Company’s previous quarterly dividend of $0.39. Colgate-Palmolive Company’s dividend payout ratio is currently 57.35%.

Colgate-Palmolive Company (NYSE:CL) last issued its earnings results on Friday, April 28th. The company reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. Colgate-Palmolive Company had a return on equity of 4,897.09% and a net margin of 16.06%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. The company’s revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that Colgate-Palmolive Company will post $2.92 EPS for the current fiscal year. A number of analysts have issued reports on CL shares. Zacks Investment Research raised Colgate-Palmolive Company from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Friday, April 7th. Bank of America Corp lifted their price objective on Colgate-Palmolive Company from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, May 31st. Royal Bank of Canada reaffirmed a “hold” rating and issued a $74.00 price objective on shares of Colgate-Palmolive Company in a research note on Thursday, March 23rd. Jefferies Group LLC started coverage on Colgate-Palmolive Company in a research note on Tuesday, April 18th. They issued a “hold” rating and a $78.00 price objective on the stock. Finally, Barclays PLC set a $75.00 price objective on Colgate-Palmolive Company and gave the stock a “hold” rating in a research note on Saturday, February 18th. Fourteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Colgate-Palmolive Company presently has a consensus rating of “Hold” and an average target price of $75.41.

In related news, insider Patricia Verduin sold 3,833 shares of the stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $73.72, for a total value of $282,568.76. Following the completion of the transaction, the insider now owns 53,022 shares of the company’s stock, valued at $3,908,781.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Daniel B. Marsili sold 14,000 shares of the stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $73.97, for a total value of $1,035,580.00. Following the completion of the transaction, the vice president now directly owns 73,904 shares of the company’s stock, valued at approximately $5,466,678.88. The disclosure for this sale can be found here. Insiders sold 39,833 shares of company stock valued at $2,894,929 in the last three months. 1.05% of the stock is currently owned by company insiders. About Colgate-Palmolive Company

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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