Beacon Capital Management LLC Buys 690 Shares of Colgate-Palmolive (NYSE:CL)

Beacon Capital Management LLC lifted its position in shares of Colgate-Palmolive (NYSE:CL) by 460.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 840 shares of the company’s stock after acquiring an additional 690 shares during the quarter. Beacon Capital Management LLC’s holdings in Colgate-Palmolive were worth $76,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hancock Whitney Corp raised its holdings in shares of Colgate-Palmolive by 1.3% in the 1st quarter. Hancock Whitney Corp now owns 12,017 shares of the company’s stock valued at $1,082,000 after acquiring an additional 151 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Colgate-Palmolive by 31.1% in the 1st quarter. Tidal Investments LLC now owns 61,646 shares of the company’s stock valued at $5,551,000 after acquiring an additional 14,631 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Colgate-Palmolive by 0.8% in the 1st quarter. California State Teachers Retirement System now owns 1,301,518 shares of the company’s stock valued at $117,202,000 after acquiring an additional 9,979 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of Colgate-Palmolive by 0.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 16,639 shares of the company’s stock valued at $1,498,000 after purchasing an additional 138 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. increased its position in shares of Colgate-Palmolive by 4.4% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 4,185 shares of the company’s stock valued at $377,000 after purchasing an additional 176 shares during the last quarter. Institutional investors own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CL has been the topic of several recent research reports. Bank of America increased their price objective on Colgate-Palmolive from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Argus raised their price target on Colgate-Palmolive from $97.00 to $107.00 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Jefferies Financial Group lowered Colgate-Palmolive from a “buy” rating to a “hold” rating and reduced their price target for the stock from $103.00 to $95.00 in a research report on Wednesday, July 24th. Citigroup raised their price target on Colgate-Palmolive from $103.00 to $112.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Sanford C. Bernstein lifted their price objective on Colgate-Palmolive from $100.00 to $103.00 and gave the stock a “market perform” rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.11.

Insiders Place Their Bets

In other news, insider Sally Massey sold 12,226 shares of Colgate-Palmolive stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $94.06, for a total value of $1,149,977.56. Following the transaction, the insider now directly owns 13,924 shares in the company, valued at approximately $1,309,691.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Colgate-Palmolive news, insider John W. Kooyman sold 3,497 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $93.47, for a total transaction of $326,864.59. Following the completion of the sale, the insider now directly owns 3,181 shares in the company, valued at approximately $297,328.07. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Sally Massey sold 12,226 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $94.06, for a total value of $1,149,977.56. Following the sale, the insider now owns 13,924 shares of the company’s stock, valued at $1,309,691.44. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by company insiders.

Colgate-Palmolive Trading Up 1.8 %

Shares of NYSE:CL traded up $1.74 during trading on Thursday, hitting $100.93. The company had a trading volume of 4,741,541 shares, compared to its average volume of 4,422,751. The stock has a market cap of $82.47 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 3.52 and a beta of 0.39. Colgate-Palmolive has a one year low of $67.62 and a one year high of $101.42. The company has a fifty day simple moving average of $96.15 and a two-hundred day simple moving average of $90.54. The company has a debt-to-equity ratio of 16.90, a current ratio of 1.06 and a quick ratio of 0.28.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, July 26th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. Colgate-Palmolive had a return on equity of 470.19% and a net margin of 14.21%. The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5 billion. During the same period last year, the company earned $0.77 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, equities analysts forecast that Colgate-Palmolive will post 3.57 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Friday, July 19th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, July 19th. This represents a $2.00 annualized dividend and a yield of 1.98%. Colgate-Palmolive’s payout ratio is currently 63.29%.

About Colgate-Palmolive

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.