Todays Report: The Lee Danner & Bass Inc. Holds Stake in Colgate-Palmolive Co. (CL)

The Lee Danner & Bass Inc. Holds Stake in Colgate-Palmolive Co. (CL)

Lee Danner & Bass Inc. held its stake in shares of Colgate-Palmolive Co. (NYSE:CL) during the second quarter, Holdings Channel reports. The firm owned 3,331 shares of the company’s stock at the end of the second quarter. Lee Danner & Bass Inc.’s holdings in Colgate-Palmolive were worth $244,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. National Pension Service raised its position in Colgate-Palmolive by 4.2% in the first quarter. National Pension Service now owns 448,007 shares of the company’s stock worth $31,652,000 after buying an additional 17,928 shares during the last quarter. Legal & General Group Plc raised its position in Colgate-Palmolive by 1.3% in the first quarter. Legal & General Group Plc now owns 3,953,265 shares of the company’s stock worth $279,300,000 after buying an additional 50,393 shares during the last quarter. BB&T Corp raised its position in Colgate-Palmolive by 613.2% in the second quarter. BB&T Corp now owns 306,125 shares of the company’s stock worth $22,409,000 after buying an additional 263,205 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Colgate-Palmolive by 5.0% in the second quarter. Nisa Investment Advisors LLC now owns 288,977 shares of the company’s stock worth $21,153,000 after buying an additional 13,835 shares during the last quarter. Finally, Artemis Investment Management LLP raised its position in Colgate-Palmolive by 30.3% in the second quarter. Artemis Investment Management LLP now owns 275,846 shares of the company’s stock worth $20,188,000 after buying an additional 64,100 shares during the last quarter. Institutional investors and hedge funds own 72.95% of the company’s stock.

Shares of Colgate-Palmolive Co. (NYSE:CL) traded up 0.85% during midday trading on Friday, hitting $71.17. The stock had a trading volume of 3,295,140 shares. Colgate-Palmolive Co. has a one year low of $61.40 and a one year high of $75.38. The firm’s 50-day moving average is $72.33 and its 200 day moving average is $72.56. The company has a market capitalization of $63.26 billion, a PE ratio of 46.55 and a beta of 0.63.

Colgate-Palmolive (NYSE:CL) last released its earnings results on Thursday, October 27th. The company reported $0.73 earnings per share for the quarter, meeting the consensus estimate of $0.73. Colgate-Palmolive had a return on equity of 6,924.14% and a net margin of 8.96%. The firm had revenue of $3.87 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Equities analysts expect that Colgate-Palmolive Co. will post $2.79 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Monday, October 24th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.19%. The ex-dividend date is Thursday, October 20th. Colgate-Palmolive’s payout ratio is 101.96%.

A number of research analysts recently issued reports on CL shares. Zacks Investment Research raised Colgate-Palmolive from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Monday, October 3rd. Citigroup Inc. lifted their price target on Colgate-Palmolive from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Bank of America Corp. raised Colgate-Palmolive from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $70.86 to $80.00 in a research note on Monday, September 12th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $75.00 price target on shares of Colgate-Palmolive in a research note on Friday, July 29th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $75.00 price target (up previously from $73.00) on shares of Colgate-Palmolive in a research note on Sunday, July 24th. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Colgate-Palmolive currently has a consensus rating of “Hold” and a consensus target price of $75.18.

In other Colgate-Palmolive news, COO Franck J. Moison sold 15,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $75.16, for a total value of $1,127,400.00. Following the transaction, the chief operating officer now owns 188,029 shares of the company’s stock, valued at $14,132,259.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Noel R. Wallace sold 78,849 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $74.69, for a total value of $5,889,231.81. Following the completion of the transaction, the chief operating officer now directly owns 236,295 shares in the company, valued at approximately $17,648,873.55. The disclosure for this sale can be found here. 1.05% of the stock is owned by company insiders.

About Colgate-Palmolive

Colgate-Palmolive Company (Colgate) is a consumer products company, whose products are marketed in over 200 countries and territories throughout the world. The Company’s segments include Oral, Personal and Home Care, and Pet Nutrition. The Oral, Personal and Home Care product segment is operated through over five geographic segments, which include North America, Latin America, Europe/South Pacific, Asia and Africa/Eurasia.

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