Wesleyan Assurance Society Sells 280 Shares of Colgate-Palmolive Company $CL

Wesleyan Assurance Society lessened its holdings in shares of Colgate-Palmolive Company (NYSE:CL) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,687 shares of the company’s stock after selling 280 shares during the quarter. Wesleyan Assurance Society’s holdings in Colgate-Palmolive were worth $12,966,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Grimes & Company Inc. raised its holdings in shares of Colgate-Palmolive by 1.0% during the second quarter. Grimes & Company Inc. now owns 12,495 shares of the company’s stock valued at $1,136,000 after acquiring an additional 118 shares in the last quarter. RFG Advisory LLC raised its holdings in shares of Colgate-Palmolive by 1.4% during the second quarter. RFG Advisory LLC now owns 9,227 shares of the company’s stock valued at $839,000 after acquiring an additional 123 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its holdings in shares of Colgate-Palmolive by 2.4% during the second quarter. Redhawk Wealth Advisors Inc. now owns 5,467 shares of the company’s stock valued at $497,000 after acquiring an additional 129 shares in the last quarter. MONECO Advisors LLC raised its holdings in shares of Colgate-Palmolive by 2.2% during the first quarter. MONECO Advisors LLC now owns 6,051 shares of the company’s stock valued at $567,000 after acquiring an additional 133 shares in the last quarter. Finally, Sowell Financial Services LLC raised its holdings in Colgate-Palmolive by 2.5% in the second quarter. Sowell Financial Services LLC now owns 5,478 shares of the company’s stock worth $498,000 after purchasing an additional 134 shares in the last quarter. Institutional investors own 80.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CL. UBS Group decreased their price objective on Colgate-Palmolive from $99.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Colgate-Palmolive in a report on Friday. Barclays decreased their price objective on Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. The Goldman Sachs Group decreased their price objective on Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 2nd. Finally, Wells Fargo & Company decreased their price objective on Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating for the company in a report on Thursday, September 25th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.50.

Colgate-Palmolive Trading Down 0.6%

NYSE CL opened at $78.01 on Monday. Colgate-Palmolive Company has a 12 month low of $76.68 and a 12 month high of $100.18. The stock has a market cap of $63.05 billion, a P/E ratio of 21.91, a P/E/G ratio of 4.58 and a beta of 0.34. The stock’s fifty day moving average price is $81.33 and its 200-day moving average price is $86.90. 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 earnings results on Friday, August 1st. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%.The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same period in the prior year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities analysts forecast that Colgate-Palmolive Company will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 17th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 17th. Colgate-Palmolive’s dividend payout ratio is currently 58.43%.

Colgate-Palmolive 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.