Colgate-Palmolive Company $CL Stake Lessened by Clean Yield Group

Clean Yield Group lowered its holdings in Colgate-Palmolive Company (NYSE:CL) by 12.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,258 shares of the company’s stock after selling 2,180 shares during the period. Clean Yield Group’s holdings in Colgate-Palmolive were worth $1,387,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Personal CFO Solutions LLC acquired a new stake in shares of Colgate-Palmolive during the 1st quarter valued at $285,000. Vision Capital Management Inc. acquired a new stake in shares of Colgate-Palmolive during the 1st quarter valued at $322,000. Autumn Glory Partners LLC boosted its stake in shares of Colgate-Palmolive by 67.4% during the 1st quarter. Autumn Glory Partners LLC now owns 8,905 shares of the company’s stock valued at $851,000 after buying an additional 3,586 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in shares of Colgate-Palmolive during the 1st quarter valued at $2,166,000. Finally, Penserra Capital Management LLC boosted its stake in shares of Colgate-Palmolive by 398.6% during the 1st quarter. Penserra Capital Management LLC now owns 10,651 shares of the company’s stock valued at $997,000 after buying an additional 8,515 shares during the period. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Wall Street Analyst Weigh In

CL has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on shares of Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating for the company in a research note on Thursday. Barclays lifted their price objective on shares of Colgate-Palmolive from $86.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Morgan Stanley reduced their price objective on shares of Colgate-Palmolive from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Citigroup reduced their price objective on shares of Colgate-Palmolive from $108.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Colgate-Palmolive from $99.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.73.

Colgate-Palmolive Stock Performance

Shares of CL opened at $79.57 on Monday. The company has a market capitalization of $64.31 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 4.14 and a beta of 0.35. Colgate-Palmolive Company has a one year low of $78.76 and a one year high of $104.16. The company has a debt-to-equity ratio of 6.79, a current ratio of 0.89 and a quick ratio of 0.57. The company’s fifty day moving average price is $84.19 and its 200 day moving average price is $88.69.

Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, August 1st. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.03 billion. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. As a group, analysts expect that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, October 17th. Colgate-Palmolive’s dividend payout ratio (DPR) is 58.43%.

Colgate-Palmolive Company Profile

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.