Blackrock Inc. is the third biggest owner of Colgate-Palmolive Company (CL)

Colgate-Palmolive Company (NYSE:CL) enjoyed a 6.98% run-up in share price since hitting record low of $61.28. The stock managed -0.09% fall and now stands at $65.56 as of 07/17/2018. At recent session, the prices were hovering between $65.04 and $65.95. This company shares are 7.31% off its target price of $70.35 and the current market capitalization stands at $57.39B. The recent change has given its price a 2.97% lead over SMA 50 and -15.85% deficit over its 52-week high. The stock witnessed 1.28% gains, -9.23% declines and -13.07% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CL’s volatility during a week at 1.07% and during a month it has been found around 1.35%.

Colgate-Palmolive Company (CL) Top Holders

Institutional investors currently hold around $42.4 billion or 75.9% in CL stock. Look at its top three institutional owners. Vanguard Group Inc owns $4.55 billion in Colgate-Palmolive Company, which represents roughly 7.92% of the company’s market cap and approximately 10.72% of the institutional ownership. Similar statistics are true for the second largest owner, State Street Corp, which owns 54,398,522 shares of the stock are valued at $3.57 billion. The third largest holder is Blackrock Inc., which currently holds $3.54 billion worth of this stock and that ownership represents nearly 6.17% of its market capitalization.

Colgate-Palmolive Company 13F Filings

At the end of March reporting period, 524 institutional holders increased their position in Colgate-Palmolive Company (NYSE:CL) by some 33,381,519 shares, 751 decreased positions by 33,147,616 and 252 held positions by 579,623,318. That puts total institutional holdings at 646,152,453 shares, according to SEC filings. The stock grabbed 75 new institutional investments totaling 3,668,198 shares while 113 institutional investors sold out their entire positions totaling 4,234,148 shares.

Colgate-Palmolive Company (NYSE:CL) Insider Trades

Multiple company employees have indulged in significant insider trading. Colgate-Palmolive Company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chief Human Resources Officer Marsili Daniel B has sold 19,500 shares of Colgate-Palmolive Company (CL) in trading session dated Jun. 15, 2018. These shares are worth $1,233,375 and were traded at $63.25 each. The SEC filing shows that Moison Franck J performed a sale of 80,000 shares. The Vice Chairman disposed these shares by way of transaction on May. 15, 2018. The company’s shares were given away at $61.75 per share worth to an income of some $4,940,000 on account of Moison Franck J.

Chief Human Resources Officer, Marsili Daniel B, sold 19,500 common shares of Colgate-Palmolive Company (CL) in the open market. In a transaction dated May. 15, 2018, the shares were put up for sale at an average price of $61.69, raking in a sum of $1,202,955. After this sale, 87,627 common shares of CL are directly owned by the insider, with total stake valued at $5,744,826.

In the transaction dated May. 14, 2018, the great number of shares disposed came courtesy the COO, Glbl. Innov.&Gwth&Hill’s; Wallace Noel R. disposed a total of 46,009 shares at an average price of $61.97, amounting to approximately $2,851,178. The insider now directly owns 229,761 shares worth $15,063,131.

Colgate-Palmolive Company (CL) Analyst Guide

Several analysts have released their opinion on Colgate-Palmolive Company (NYSE:CL), with 4 analysts believing it is a strong buy. Whereas 8 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 2 strong sell ratings, collectively assigning a 2.71 average brokerage recommendation.