FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $394,000 Position in Colgate-Palmolive (NYSE:CL)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lowered its stake in shares of Colgate-Palmolive (NYSE:CL) by 16.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,495 shares of the company’s stock after selling 1,089 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Colgate-Palmolive were worth $394,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CL. Tiemann Investment Advisors LLC raised its holdings in Colgate-Palmolive by 2.4% in the 1st quarter. Tiemann Investment Advisors LLC now owns 6,455 shares of the company’s stock worth $442,000 after acquiring an additional 150 shares during the period. Lynch & Associates IN raised its holdings in Colgate-Palmolive by 0.6% in the 1st quarter. Lynch & Associates IN now owns 28,930 shares of the company’s stock worth $1,983,000 after acquiring an additional 160 shares during the period. First National Bank of Omaha raised its holdings in Colgate-Palmolive by 1.2% in the 1st quarter. First National Bank of Omaha now owns 13,499 shares of the company’s stock worth $925,000 after acquiring an additional 160 shares during the period. Griffin Asset Management Inc. raised its holdings in Colgate-Palmolive by 0.8% in the 1st quarter. Griffin Asset Management Inc. now owns 20,357 shares of the company’s stock worth $1,395,000 after acquiring an additional 164 shares during the period. Finally, Balasa Dinverno & Foltz LLC raised its holdings in Colgate-Palmolive by 4.7% in the 1st quarter. Balasa Dinverno & Foltz LLC now owns 3,666 shares of the company’s stock worth $251,000 after acquiring an additional 164 shares during the period. 75.52% of the stock is owned by institutional investors.

Several brokerages recently commented on CL. Deutsche Bank lifted their target price on shares of Colgate-Palmolive from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, July 12th. Wells Fargo & Co lifted their target price on shares of Colgate-Palmolive from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Monday. Bank of America set a $80.00 target price on shares of Colgate-Palmolive and gave the stock a “buy” rating in a report on Friday, July 12th. JPMorgan Chase & Co. upgraded shares of Colgate-Palmolive from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $62.00 to $70.00 in a report on Monday, April 29th. Finally, Macquarie lifted their target price on shares of Colgate-Palmolive from $65.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. Colgate-Palmolive currently has an average rating of “Hold” and a consensus target price of $73.13.

In other Colgate-Palmolive news, VP Justin Skala sold 92,643 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $70.78, for a total value of $6,557,271.54. Following the transaction, the vice president now directly owns 163,653 shares in the company, valued at $11,583,359.34. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP John J. Huston sold 473 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $72.93, for a total transaction of $34,495.89. Following the completion of the transaction, the senior vice president now owns 59,668 shares in the company, valued at $4,351,587.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 389,071 shares of company stock worth $27,991,891. 1.14% of the stock is owned by company insiders.

NYSE CL opened at $71.26 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.13 and a debt-to-equity ratio of 32.25. The firm has a market cap of $64.13 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 4.81 and a beta of 0.78. The stock has a fifty day moving average of $73.16. Colgate-Palmolive has a 52-week low of $57.41 and a 52-week high of $76.41.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, July 26th. The company reported $0.72 earnings per share for the quarter, meeting the consensus estimate of $0.72. Colgate-Palmolive had a net margin of 14.77% and a negative return on equity of 10,821.98%. The business had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.88 billion. During the same period in the previous year, the business earned $0.77 EPS. The firm’s revenue was down .5% on a year-over-year basis. Sell-side analysts forecast that Colgate-Palmolive will post 2.84 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 18th will be given a dividend of $0.43 per share. The ex-dividend date is Wednesday, July 17th. This represents a $1.72 annualized dividend and a dividend yield of 2.41%. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 57.91%.

Colgate-Palmolive Company Profile

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products worldwide. The company operates through two segments, Oral, Personal and Home Care; and Pet Nutrition. It offers oral care products, including toothpastes, toothbrushes, and mouthwashes, as well as pharmaceutical products for dentists and other oral health professionals; and personal care products, such as liquid hand soaps, bar soaps, shower gels, deodorants and antiperspirants, skin care products, and shampoos and conditioners.

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Institutional Ownership by Quarter for Colgate-Palmolive (NYSE:CL)

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