Colgate-Palmolive (CL) Stake Raised by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Colgate-Palmolive (NYSE:CL) by 37.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,525,829 shares of the company’s stock after acquiring an additional 682,101 shares during the quarter. Principal Financial Group Inc. owned approximately 0.29% of Colgate-Palmolive worth $184,007,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Chip Partners Inc. boosted its stake in shares of Colgate-Palmolive by 0.4% during the 2nd quarter. Blue Chip Partners Inc. now owns 1,813 shares of the company’s stock valued at $134,000 after purchasing an additional 8 shares in the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Colgate-Palmolive by 1.5% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,698 shares of the company’s stock valued at $126,000 after purchasing an additional 25 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in shares of Colgate-Palmolive by 0.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 8,318 shares of the company’s stock valued at $617,000 after purchasing an additional 27 shares in the last quarter. Weatherstone Capital Management boosted its stake in shares of Colgate-Palmolive by 0.7% during the 2nd quarter. Weatherstone Capital Management now owns 4,069 shares of the company’s stock valued at $302,000 after purchasing an additional 28 shares in the last quarter. Finally, Front Street Capital Management Inc. boosted its stake in shares of Colgate-Palmolive by 0.4% during the 1st quarter. Front Street Capital Management Inc. now owns 8,586 shares of the company’s stock valued at $628,000 after purchasing an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 72.83% of the company’s stock.

In other Colgate-Palmolive news, COO Justin Skala sold 126,393 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $72.97, for a total transaction of $9,222,897.21. Following the completion of the transaction, the chief operating officer now owns 262,361 shares in the company, valued at $19,144,482.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen I. Sadove sold 20,780 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $70.52, for a total transaction of $1,465,405.60. Following the transaction, the director now owns 36,268 shares of the company’s stock, valued at approximately $2,557,619.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 181,950 shares of company stock valued at $13,237,385. 1.02% of the stock is owned by company insiders.

A number of equities research analysts have recently weighed in on CL shares. Citigroup cut their target price on shares of Colgate-Palmolive from $76.00 to $75.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Zacks Investment Research raised shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Monday, October 23rd. KeyCorp reaffirmed a “hold” rating on shares of Colgate-Palmolive in a research note on Saturday, November 25th. Macquarie raised shares of Colgate-Palmolive from a “neutral” rating to an “outperform” rating and set a $81.00 price objective on the stock in a research note on Tuesday, December 19th. Finally, SunTrust Banks raised shares of Colgate-Palmolive from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $65.00 to $85.00 in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $76.51.

Colgate-Palmolive (CL) opened at $74.55 on Friday. Colgate-Palmolive has a twelve month low of $63.43 and a twelve month high of $77.27. The firm has a market cap of $65,460.00, a P/E ratio of 28.78, a PEG ratio of 3.21 and a beta of 0.81. The company has a current ratio of 1.23, a quick ratio of 0.92 and a debt-to-equity ratio of 24.42.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings results on Friday, October 27th. The company reported $0.73 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.73. The business had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.94 billion. Colgate-Palmolive had a net margin of 15.10% and a return on equity of 2,782.56%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. analysts anticipate that Colgate-Palmolive will post 2.88 EPS 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 given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.15%. Colgate-Palmolive’s dividend payout ratio is 61.78%.

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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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