This article first appeared on GuruFocus.
ETFs sold a net $32.7 million worth of Colgate-Palmolive (CL) shares on Tuesday, Oct. 13, even though more funds traded the other way but in smaller amounts, with 18 ETFs buying and 14 selling. The move followed a net inflow of $34.1 million on Monday, Oct. 12. Over the prior days, ETF flows were mixed, with a net outflow of $0.9 million on Friday, Oct. 9, and net inflows of $5.6 million on Thursday, Oct. 8, and $8.0 million on Wednesday, Oct. 7. The selling streak now stands at 1 day.
For the full record of ETF and guru buying and selling in CL, see the CL guru trades page.
Which ETFs sold CL on Tuesday?
The largest sellers by dollar value were XLP ($30.8 million), USMV ($1.8 million) and SPY ($1.5 million). In all, 18 ETFs added shares and 14 cut them.
Among the ETFs behind the move, XLP reduced its stake by 4.72%, or 342,870 shares, worth $30.8 million, and now holds 6,916,126 shares at a 4.52% weight. USMV cut 19,880 shares, valued at $1.8 million, leaving 2,335,577 shares at a 0.89% weight, while SPY trimmed 16,596 shares, worth $1.5 million, for a remaining 9,735,038 shares at a 0.11% weight. NOBL sold 4,420 shares, valued at $0.4 million, and FTCS sold 2,084 shares, valued at $0.2 million. Colgate-Palmolive operates in the Consumer Defensive sector and the Household & Personal Products industry, with a market cap of $74.0 billion.
Have ETFs been buying or selling CL lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does CL do?
Colgate-Palmolive is a global consumer products company focused on oral care, personal care, home care, and pet nutrition, selling in more than 200 countries with over 40% of sales from emerging markets.
Colgate-Palmolive reported trailing-12-month revenue of $21.05 billion, up 6.8% year over year, with a gross margin of 60.4% and a net margin of 9.7%. The stock trades at a P/E of 36.7, a P/B of 313.45, and a P/S of 3.55, with a market cap of $74.0 billion. Its GF Score is 84, and the GF Value of $95.63 compares with a price of $92.78. The dividend yield is 2.28%, and the year-to-date return is 19.55%.