Colgate-Palmolive Company $CL Shares Newly Acquired by M Holdings Securities Inc.

Key Points

• M Holdings Securities acquired 11,662 Colgate-Palmolive shares in the third quarter, valued at about $995,000; institutional investors collectively own 80.41% of the stock.
• Colgate-Palmolive beat quarterly earnings and revenue estimates, posting EPS of $0.97 and revenue of $5.37 billion, up 4.6% year over year.
• The company declared a quarterly dividend of $0.53 per share, equivalent to a 2.2% annualized yield. Insiders sold 73,314 shares worth about $7.2 million over the past three months.

M Holdings Securities Inc. bought a new position in shares of Colgate-Palmolive Company (NYSE:CL - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,662 shares of the company's stock, valued at approximately $995,000.

Several other institutional investors also recently bought and sold shares of the stock. Virginia Estate & Retirement Planning Advisors Inc. boosted its position in Colgate-Palmolive by 1,409.1% in the 3rd quarter. Virginia Estate & Retirement Planning Advisors Inc. now owns 332 shares of the company's stock worth $28,000 after purchasing an additional 310 shares in the last quarter. Parvin Asset Management LLC purchased a new position in shares of Colgate-Palmolive during the 2nd quarter valued at approximately $32,000. Park Place Capital Corp lifted its stake in shares of Colgate-Palmolive by 55.5% in the 2nd quarter. Park Place Capital Corp now owns 356 shares of the company's stock valued at $33,000 after purchasing an additional 127 shares during the period. Gould Capital LLC lifted its stake in shares of Colgate-Palmolive by 38.7% in the 1st quarter. Gould Capital LLC now owns 412 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares during the period. Finally, Montgomery Financial Services LLC acquired a new position in shares of Colgate-Palmolive in the 2nd quarter valued at $36,000. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Colgate-Palmolive news, CEO Noel R. Wallace sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $100.26, for a total transaction of $2,005,200.00. Following the completion of the transaction, the chief executive officer owned 359,700 shares of the company's stock, valued at $36,063,522. This represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Hazlin sold 23,376 shares of the firm's stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $99.15, for a total value of $2,317,730.40. Following the completion of the transaction, the insider owned 27,021 shares in the company, valued at approximately $2,679,132.15. This trade represents a 46.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 73,314 shares of company stock worth $7,212,109. Insiders own 0.43% of the company's stock.

Colgate-Palmolive Stock Performance

NYSE:CL opened at $97.90 on Tuesday. The company has a debt-to-equity ratio of 11.23, a quick ratio of 0.30 and a current ratio of 0.96. The stock has a market capitalization of $77.82 billion, a PE ratio of 38.39, a P/E/G ratio of 4.48 and a beta of 0.31. Colgate-Palmolive Company has a fifty-two week low of $75.96 and a fifty-two week high of $101.18. The company has a fifty day moving average of $90.26 and a two-hundred day moving average of $90.04.

Colgate-Palmolive (NYSE:CL - Get Free Report) last announced its earnings results on Friday, October 30th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. The business had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.34 billion. Colgate-Palmolive had a net margin of 9.65% and a return on equity of 607.88%. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share. As a group, research analysts forecast that Colgate-Palmolive Company will post 3.92 earnings per share for the current fiscal year.

Colgate-Palmolive Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, October 20th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, October 20th. Colgate-Palmolive's payout ratio is presently 83.14%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Jefferies Financial Group restated a "hold" rating and set a $89.00 price target (up from $88.00) on shares of Colgate-Palmolive in a research report on Monday, August 3rd. Barclays lifted their price objective on shares of Colgate-Palmolive from $87.00 to $95.00 and gave the company an "equal weight" rating in a report on Tuesday, November 3rd. Citigroup upped their price objective on shares of Colgate-Palmolive from $105.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. UBS Group increased their price target on Colgate-Palmolive from $106.00 to $112.00 and gave the stock a "buy" rating in a research report on Monday, November 2nd. Finally, Royal Bank Of Canada raised their price objective on Colgate-Palmolive from $104.00 to $105.00 and gave the company an "outperform" rating in a report on Monday, November 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Colgate-Palmolive has a consensus rating of "Moderate Buy" and an average target price of $101.22.

Colgate-Palmolive Company Profile

Colgate-Palmolive is a global consumer products company whose business spans oral care, personal care, home care and pet nutrition. Its products include toothpaste, toothbrushes, mouthwashes, soaps, shampoos, cleaning products and pet food.

The company's best-known brands include Colgate, Palmolive, elmex, Softsoap, Ajax and Hill's Pet Nutrition. It sells products through retail and other channels in markets around the world.

Founded in 1806 by William Colgate as a soap and candle business in New York City, the company has grown into an international manufacturer of household and personal care products.

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