Asset Dedication LLC Sells 332 Shares of Colgate-Palmolive Company (CL)

Asset Dedication LLC cut its stake in Colgate-Palmolive Company (NYSE:CL) by 9.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,151 shares of the company’s stock after selling 332 shares during the period. Asset Dedication LLC’s holdings in Colgate-Palmolive were worth $234,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CL. American Beacon Advisors Inc. acquired a new stake in Colgate-Palmolive during the first quarter worth about $102,000. Advantage Investment Management LLC acquired a new stake in Colgate-Palmolive during the fourth quarter worth about $104,000. Proficio Capital Partners LLC raised its stake in shares of Colgate-Palmolive by 16.9% in the first quarter. Proficio Capital Partners LLC now owns 1,432 shares of the company’s stock worth $107,000 after buying an additional 207 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Colgate-Palmolive during the first quarter worth about $121,000. Finally, AlphaMark Advisors LLC raised its stake in shares of Colgate-Palmolive by 452.1% in the first quarter. AlphaMark Advisors LLC now owns 1,673 shares of the company’s stock worth $122,000 after buying an additional 1,370 shares in the last quarter. 73.69% of the stock is owned by institutional investors.

Colgate-Palmolive Company (NYSE:CL) traded up 0.49% during mid-day trading on Tuesday, reaching $71.80. The company’s stock had a trading volume of 2,307,919 shares. The firm has a 50-day moving average of $72.59 and a 200 day moving average of $72.88. The firm has a market capitalization of $63.24 billion, a price-to-earnings ratio of 26.68 and a beta of 0.80. Colgate-Palmolive Company has a 1-year low of $63.43 and a 1-year high of $77.27.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Friday, July 21st. The company reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Colgate-Palmolive had a return on equity of 3,121.95% and a net margin of 15.83%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 earnings per share. Equities analysts expect that Colgate-Palmolive Company will post $2.89 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Tuesday, July 18th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Friday, July 14th. Colgate-Palmolive’s payout ratio is presently 59.48%.

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A number of equities research analysts recently issued reports on CL shares. Bank of America Corporation upped their price objective on shares of Colgate-Palmolive from $78.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, May 31st. Zacks Investment Research cut shares of Colgate-Palmolive from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Vetr cut shares of Colgate-Palmolive from a “buy” rating to a “hold” rating and set a $76.67 price target on the stock. in a research report on Wednesday, May 17th. Royal Bank Of Canada reissued a “hold” rating and set a $74.00 price target on shares of Colgate-Palmolive in a research report on Thursday, May 25th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $76.00 target price on shares of Colgate-Palmolive in a report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $75.82.

In related news, CFO Dennis J. Hickey sold 73,872 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $71.80, for a total value of $5,304,009.60. Following the transaction, the chief financial officer now owns 484,985 shares of the company’s stock, valued at approximately $34,821,923. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP John J. Huston sold 14,000 shares of Colgate-Palmolive stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $71.36, for a total transaction of $999,040.00. Following the transaction, the senior vice president now directly owns 88,598 shares in the company, valued at approximately $6,322,353.28. The disclosure for this sale can be found here. Insiders have sold 217,969 shares of company stock valued at $15,710,108 over the last 90 days. Corporate insiders own 1.02% of the company’s stock.

About Colgate-Palmolive

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.