Colgate-Palmolive Company (CL) Holding Maintained by Old Mutual Global Investors UK Ltd.

Colgate-Palmolive Company (CL) Holding Maintained by Old Mutual Global Investors UK Ltd.

Old Mutual Global Investors UK Ltd. held its position in shares of Colgate-Palmolive Company (NYSE:CL) during the first quarter, Holdings Channel reports. The firm owned 24,846 shares of the company’s stock at the end of the first quarter. Old Mutual Global Investors UK Ltd.’s holdings in Colgate-Palmolive Company were worth $1,818,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CL. Norges Bank acquired a new position in shares of Colgate-Palmolive Company during the fourth quarter valued at $455,526,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Colgate-Palmolive Company during the fourth quarter valued at $189,728,000. Russell Investments Group Ltd. acquired a new position in shares of Colgate-Palmolive Company during the fourth quarter valued at $139,634,000. Renaissance Technologies LLC increased its position in shares of Colgate-Palmolive Company by 23.4% in the fourth quarter. Renaissance Technologies LLC now owns 8,453,600 shares of the company’s stock valued at $553,204,000 after buying an additional 1,605,600 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Colgate-Palmolive Company by 1,744.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,505,674 shares of the company’s stock valued at $98,582,000 after buying an additional 1,424,021 shares during the last quarter. 73.24% of the stock is owned by institutional investors and hedge funds.

Shares of Colgate-Palmolive Company (NYSE:CL) opened at 77.11 on Friday. Colgate-Palmolive Company has a one year low of $63.43 and a one year high of $77.11. The stock has a market capitalization of $68.11 billion, a PE ratio of 27.83 and a beta of 0.70. The firm has a 50-day moving average price of $73.46 and a 200 day moving average price of $70.16.

Colgate-Palmolive Company (NYSE:CL) last released its quarterly earnings results on Friday, April 28th. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ 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 analysts’ expectations of $3.80 billion. During the same period in the previous year, the firm posted $0.63 earnings per share. The business’s revenue for the quarter 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 business also recently declared a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, April 21st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. This is a boost from Colgate-Palmolive Company’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, April 19th. Colgate-Palmolive Company’s payout ratio is 57.35%.

Several research analysts have recently weighed in on CL shares. Zacks Investment Research downgraded Colgate-Palmolive Company from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Jefferies Group LLC reduced their price objective on Colgate-Palmolive Company from $78.00 to $76.00 and set a “hold” rating for the company in a research note on Monday, May 1st. Royal Bank of Canada reissued a “hold” rating and issued a $74.00 price objective on shares of Colgate-Palmolive Company in a research note on Thursday, March 23rd. Citigroup Inc increased their price objective on Colgate-Palmolive Company from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Tuesday, March 21st. Finally, BNP Paribas raised Colgate-Palmolive Company from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 21st. Fourteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Colgate-Palmolive Company currently has a consensus rating of “Hold” and an average price target of $75.41.

In other news, Director Richard J. Kogan sold 8,000 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $71.92, for a total value of $575,360.00. Following the completion of the transaction, the director now directly owns 73,065 shares of the company’s stock, valued at $5,254,834.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP John J. Huston sold 14,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $71.53, for a total value of $1,001,420.00. Following the completion of the transaction, the senior vice president now directly owns 102,838 shares of the company’s stock, valued at $7,356,002.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,833 shares of company stock valued at $2,894,929. Insiders own 1.05% of the company’s stock.

Colgate-Palmolive Company Company Profile

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”});

Want to see what other hedge funds are holding CL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Colgate-Palmolive Company (NYSE:CL).

Related posts

Leave a Comment