Transamerica Financial Advisors LLC Makes New Investment in Colgate-Palmolive Company $CL

Key Points

• Transamerica Financial Advisors initiated a Colgate-Palmolive position by purchasing 11,603 shares valued at approximately $1.06 million. Institutional investors collectively own 80.41% of the company.
• Analysts maintain a generally positive outlook, with Colgate-Palmolive carrying a “Moderate Buy” consensus rating and an average price target of $99.00.
• Colgate-Palmolive beat quarterly earnings expectations, reporting $0.99 EPS on $5.36 billion in revenue, while revenue rose 4.9% year over year. The company also paid a quarterly dividend of $0.53 per share, representing a 2.3% yield.

Transamerica Financial Advisors LLC purchased a new stake in Colgate-Palmolive Company (NYSE:CL - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 11,603 shares of the company's stock, valued at approximately $1,064,000.

A number of other institutional investors have also modified their holdings of CL. Brighton Jones LLC lifted its holdings in Colgate-Palmolive by 4.4% in the fourth quarter. Brighton Jones LLC now owns 10,578 shares of the company's stock worth $962,000 after purchasing an additional 450 shares during the period. Woodline Partners LP increased its stake in Colgate-Palmolive by 76.3% during the 1st quarter. Woodline Partners LP now owns 46,361 shares of the company's stock valued at $4,344,000 after buying an additional 20,062 shares during the period. Schnieders Capital Management LLC. increased its stake in Colgate-Palmolive by 2.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 12,494 shares of the company's stock valued at $1,136,000 after buying an additional 245 shares during the period. Nebula Research & Development LLC raised its position in shares of Colgate-Palmolive by 165.5% during the 2nd quarter. Nebula Research & Development LLC now owns 10,326 shares of the company's stock worth $939,000 after buying an additional 6,437 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Colgate-Palmolive by 21.7% in the 2nd quarter. Sei Investments Co. now owns 657,093 shares of the company's stock worth $59,732,000 after acquiring an additional 116,968 shares during the period. Institutional investors own 80.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CL. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Colgate-Palmolive in a research note on Friday, July 31st. Royal Bank Of Canada boosted their price objective on Colgate-Palmolive from $102.00 to $104.00 and gave the stock an "outperform" rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $101.00 price objective on shares of Colgate-Palmolive in a report on Monday, August 3rd. Jefferies Financial Group reaffirmed a "hold" rating on shares of Colgate-Palmolive in a report on Monday, August 3rd. Finally, Barclays boosted their price target on shares of Colgate-Palmolive from $80.00 to $87.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Colgate-Palmolive currently has an average rating of "Moderate Buy" and an average price target of $99.00.

Colgate-Palmolive Price Performance

CL opened at $92.12 on Thursday. The stock has a market cap of $73.44 billion, a price-to-earnings ratio of 36.56, a PEG ratio of 4.27 and a beta of 0.33. The company has a current ratio of 1.03, a quick ratio of 0.67 and a debt-to-equity ratio of 13.82. Colgate-Palmolive Company has a 1 year low of $74.54 and a 1 year high of $99.33. The stock has a fifty day moving average price of $91.98 and a 200 day moving average price of $90.08.

Colgate-Palmolive (NYSE:CL - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. Colgate-Palmolive had a net margin of 9.68% and a return on equity of 464.63%. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.36 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The company's revenue for the quarter was up 4.9% on a year-over-year basis. Analysts forecast that Colgate-Palmolive Company will post 3.86 EPS for the current fiscal year.

Colgate-Palmolive Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, July 20th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, July 20th. Colgate-Palmolive's dividend payout ratio is currently 84.13%.

Insider Buying and Selling at Colgate-Palmolive

In other Colgate-Palmolive news, COO Panagiotis Tsourapas sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $92.05, for a total value of $920,500.00. Following the completion of the sale, the chief operating officer owned 64,901 shares in the company, valued at approximately $5,974,137.05. This trade represents a 13.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John T. Cahill sold 4,170 shares of Colgate-Palmolive stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $93.37, for a total value of $389,352.90. Following the sale, the director directly owned 28,373 shares in the company, valued at $2,649,187.01. The trade was a 12.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 175,191 shares of company stock valued at $16,110,903 in the last ninety days. Company insiders own 0.43% of the company's stock.

Colgate-Palmolive Profile

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company's core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.

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