Parametric Portfolio Associates LLC Grows Holdings in Colgate-Palmolive (CL)

Parametric Portfolio Associates LLC grew its holdings in Colgate-Palmolive (NYSE:CL) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,107,622 shares of the company’s stock after purchasing an additional 76,235 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.35% of Colgate-Palmolive worth $226,390,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in shares of Colgate-Palmolive by 42.4% during the 2nd quarter. Renaissance Technologies LLC now owns 9,753,400 shares of the company’s stock valued at $723,020,000 after buying an additional 2,903,800 shares during the period. APG Asset Management N.V. raised its position in shares of Colgate-Palmolive by 243.0% during the 3rd quarter. APG Asset Management N.V. now owns 4,070,784 shares of the company’s stock valued at $296,557,000 after buying an additional 2,884,100 shares during the period. Harding Loevner LP raised its position in shares of Colgate-Palmolive by 92.0% during the 3rd quarter. Harding Loevner LP now owns 4,742,752 shares of the company’s stock valued at $176,329,000 after buying an additional 2,272,675 shares during the period. First Eagle Investment Management LLC raised its position in shares of Colgate-Palmolive by 35.8% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,641,548 shares of the company’s stock valued at $483,837,000 after buying an additional 1,750,417 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Colgate-Palmolive by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 67,875,384 shares of the company’s stock valued at $5,031,602,000 after buying an additional 1,621,392 shares during the period. 72.85% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on CL shares. Zacks Investment Research lowered shares of Colgate-Palmolive from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Jefferies Group reaffirmed a “hold” rating and set a $79.00 price target on shares of Colgate-Palmolive in a research report on Thursday, September 28th. Morgan Stanley reduced their price target on shares of Colgate-Palmolive from $84.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 31st. KeyCorp reaffirmed a “hold” rating on shares of Colgate-Palmolive in a research report on Monday, October 16th. Finally, Deutsche Bank started coverage on shares of Colgate-Palmolive in a research report on Wednesday, December 13th. They set a “hold” rating and a $75.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $76.45.

Shares of Colgate-Palmolive (CL) opened at $77.38 on Tuesday. Colgate-Palmolive has a 1-year low of $63.43 and a 1-year high of $77.91. The company has a debt-to-equity ratio of 24.42, a current ratio of 1.23 and a quick ratio of 0.92. The firm has a market cap of $68,053.16, a P/E ratio of 29.88, a P/E/G ratio of 3.24 and a beta of 0.80.

Colgate-Palmolive (NYSE:CL) last posted its earnings results on Friday, October 27th. The company reported $0.73 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. Colgate-Palmolive had a net margin of 15.10% and a return on equity of 2,782.56%. The firm had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. equities analysts expect that Colgate-Palmolive will post 2.87 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Tuesday, January 23rd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, January 22nd. This represents a $1.60 annualized dividend and a yield of 2.07%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 61.78%.

In other Colgate-Palmolive news, insider Jennifer Daniels sold 902 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $75.82, for a total value of $68,389.64. Following the completion of the transaction, the insider now owns 37,788 shares in the company, valued at $2,865,086.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Mukul Deoras sold 7,500 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $73.28, for a total transaction of $549,600.00. Following the completion of the transaction, the chief marketing officer now owns 45,217 shares of the company’s stock, valued at approximately $3,313,501.76. The disclosure for this sale can be found here. Insiders sold a total of 181,950 shares of company stock valued at $13,237,385 in the last quarter. 1.02% of the stock is owned by insiders.

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Colgate-Palmolive 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.

Institutional Ownership by Quarter for Colgate-Palmolive (NYSE:CL)

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