Whittier Trust Co. Has $3.28 Million Holdings in Colgate-Palmolive Company $CL

Whittier Trust Co. cut its holdings in Colgate-Palmolive Company (NYSE:CL) by 0.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 36,050 shares of the company’s stock after selling 173 shares during the quarter. Whittier Trust Co.’s holdings in Colgate-Palmolive were worth $3,277,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Westend Capital Management LLC lifted its stake in Colgate-Palmolive by 111.1% in the first quarter. Westend Capital Management LLC now owns 266 shares of the company’s stock valued at $25,000 after buying an additional 140 shares during the period. Cornerstone Planning Group LLC lifted its stake in Colgate-Palmolive by 1,913.3% in the first quarter. Cornerstone Planning Group LLC now owns 302 shares of the company’s stock valued at $28,000 after buying an additional 287 shares during the period. Saudi Central Bank acquired a new position in Colgate-Palmolive in the first quarter valued at approximately $29,000. Ransom Advisory Ltd acquired a new position in Colgate-Palmolive in the first quarter valued at approximately $33,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Colgate-Palmolive in the first quarter valued at approximately $37,000. 80.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on CL shares. Barclays dropped their price target on Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Morgan Stanley lowered their target price on Colgate-Palmolive from $104.00 to $96.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. lowered their target price on Colgate-Palmolive from $95.00 to $88.00 and set an “overweight” rating on the stock in a research report on Friday, October 10th. The Goldman Sachs Group lowered their target price on Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft set a $86.00 target price on Colgate-Palmolive in a research report on Friday, October 10th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.50.

Colgate-Palmolive Trading Down 0.2%

NYSE CL opened at $78.60 on Wednesday. The firm has a market capitalization of $63.52 billion, a P/E ratio of 22.08, a PEG ratio of 4.62 and a beta of 0.34. The business has a fifty day simple moving average of $81.72 and a 200 day simple moving average of $87.13. Colgate-Palmolive Company has a 12 month low of $76.68 and a 12 month high of $100.18. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 6.79.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings results on Friday, August 1st. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $5.03 billion. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%.Colgate-Palmolive’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. On average, analysts predict that Colgate-Palmolive Company will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 17th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 17th. Colgate-Palmolive’s dividend payout ratio is presently 58.43%.

About Colgate-Palmolive

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.