Colgate-Palmolive Company (NYSE:CL).
Thomaspartners, Inc. reports that it bought 73,059 shares during the last quarter increasing its exposure to Colgate-Palmolive Company by 3.1%. Its position was valued at $175,961,000 an increase of 1.3% as of the end of the quarter.
Several firms have updated their holdings. As of the end of the quarter Marshall Wace LLP had bought a total of 123,116 shares growing its position 128.5%. The value of the investment in CL went from $7,090,000 to $15,982,000 a change of 125.4% quarter to quarter. Raymond James & Associates added to its ownership by buying 10,953 shares an increase of 4.4%. Raymond James & Associates claims 260,291 shares with a value of $18,962,000. The total value of its holdings increased 2.6%.
As of quarter end Bowen Hanes & Co Inc had disposed of 788 shares trimming its stake by 0.2%. The value of the investment in Colgate-Palmolive Company decreased from $28,737,000 to $28,183,000 a change of $554,000 for the reporting period.
Citigroup lowered the price target on November 2 changing the price objective from $76.00 to $75.00 and issued a “Neutral” recommendation. Equity analyst Morgan Stanley lowered the price target on October 31 cutting the projection from $84.00 to $83.00 with a rating of “Overweight”.
Jefferies Group LLC lowered the price target of the stock on October 30 changing the forecast from $79.00 to $76.00 with a “Hold” recommendation. On October 29 analysts at Stifel Nicolaus released research on CL stating a rating of “Hold” and establishing a price target of $73.00.
October 16 investment analysts at KeyCorp reiterated a “Hold” rating on the company.
The company is so far trading down by 0.29% percent from yesterday’s close. Colgate-Palmolive Company’s P/E ratio is 28.27 and the market value is 64.32B. In the latest earnings report the EPS was $2.59 with 880.84M shares presently outstanding.
Investors are feeling more bullish on shares of Colgate-Palmolive Company lately at least if you consider the change in short interest. The company saw a fall in short interest of -11.52% as of October 31, 2017 from the last reporting period. Short shares decreased 720,330 over that timeframe. The days to cover decreased to 1.0 and the short interest percentage is 0.01% as of October 31.