Colgate-Palmolive meets 4Q profit forecasts

Mae Love
January 26, 2018

The institutional investor owned 25,050 shares of the company's stock after selling 3,460 shares during the quarter.

Kanawha Capital Management Llc decreased its stake in Colgate (CL) by 10.95% based on its latest 2017Q3 regulatory filing with the SEC. It has no change, as 52 investors sold CL shares while 437 reduced holdings. only 92 funds opened positions while 350 raised stakes. Lincoln Capital LLC boosted its holdings in Colgate-Palmolive by 3.4% in the 2nd quarter. Following the sale, the insider now directly owns 37,788 shares of the company's stock, valued at approximately $2,865,086.16. Its sales stood at -1.90% a year on average in the period of last five years. Fox Run Management L.L.C. lifted its position in Colgate-Palmolive by 223.5% during the second quarter. The volume of the company in the last trading session was 4.24 Million. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Colgate-Palmolive by 0.6% during the second quarter. Bremer Trust National Association now owns 8,830 shares of the company's stock valued at $655,000 after buying an additional 1,371 shares during the period. $2.50M worth of Colgate-Palmolive Company (NYSE:CL) was sold by MOISON FRANCK J on Friday, August 4. Following the completion of the sale, the insider now owns 60,528 shares of the company's stock, valued at $4,422,780.96. The shares were sold at an average price of $72.97, for a total value of $9,222,897.21. Colgate-Palmolive Company (NYSE:CL) shares have been recently spotted -0.77% away from the 52-week high, and 21.88% away from the 52-week low mark. Peak6 Invs Lp has invested 0% in Colgate-Palmolive Company (NYSE:CL).

Colgate-Palmolive Company (CL) have shown a high EPS growth of 1.90% in the last 5 years and has earnings rose of 78.60% yoy. Earnings, adjusted for pretax expenses and non-recurring costs, were 75 cents per share. Net profit margin of Colgate-Palmolive Co.

Sales rose 4.5 per cent to US$3.9 billion in the fourth quarter ended Dec 31, but analysts on average had expected sales of US$3.92 billion, according to Thomson Reuters I/B/E/S. During the same period in the previous year, the firm earned $0.75 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. The company was downgraded on Monday, January 4 by RBC Capital Markets. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. Colgate-Palmolive's payout ratio is 61.78%.

In other Colgate-Palmolive news, COO Justin Skala sold 126,393 shares of the stock in a transaction dated Thursday, November 9th. Marsili Daniel B sold $1.00 million worth of stock.

Chilton Investment Co Llc, which manages about $5.22 billion and $2.59B US Long portfolio, upped its stake in Charter Communications Cl A Ord by 85,365 shares to 172,873 shares, valued at $62.83M in 2017Q3, according to the filing. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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Sell-side analysts have also provided a consensus recommendation of 2.70 on company shares. The stock was sold at an average price of $73.18, for a total value of $539,702.50. The disclosure for this sale can be found here. For the Current month, 12 analysts have assigned this stock as Buy where 9 assigned Outperform, 15 analysts believe it's a Hold, 0 said Underperform and only 0 assigned Sell rating.

Among 24 analysts covering Proctor & Gamble (NYSE:PG), 12 have Buy rating, 0 Sell and 12 Hold. Jefferies maintained it with "Hold" rating and $7700 target in Friday, July 21 report.

Colgate-Palmolive Co. (CL) analysts on average have given a price target of $13.47 on CL stock. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Colgate-Palmolive from a "hold" rating to a "buy" rating and set a $81.00 price objective on the stock in a research note on Monday, October 23rd.

Looking ahead to fiscal 2018, Colgate-Palmolive forecast net sales increase in mid-single-digits and organic sales growth in low to mid-single-digits, with improvement in organic sales growth versus the second half of 2017. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. Citigroup cut their target price on shares of Colgate-Palmolive from $76.00 to $75.00 and set a "neutral" rating on the stock in a report on Thursday, November 2nd.

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Like many large consumer goods companies, Colgate has struggled with sluggish growth as consumers - particularly in North America - increasingly fall out of love with big brands.

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