Zevin Asset Management LLC Boosts Holdings in Colgate-Palmolive Company $CL

Zevin Asset Management LLC grew its holdings in shares of Colgate-Palmolive Company (NYSE:CL) by 2.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 131,346 shares of the company’s stock after acquiring an additional 2,773 shares during the quarter. Colgate-Palmolive makes up 1.7% of Zevin Asset Management LLC’s holdings, making the stock its 25th biggest holding. Zevin Asset Management LLC’s holdings in Colgate-Palmolive were worth $11,939,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Westside Investment Management Inc. increased its position in shares of Colgate-Palmolive by 85.5% during the second quarter. Westside Investment Management Inc. now owns 282 shares of the company’s stock worth $26,000 after acquiring an additional 130 shares during the period. Cornerstone Planning Group LLC grew its stake in Colgate-Palmolive by 1,913.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 302 shares of the company’s stock worth $28,000 after buying an additional 287 shares during the last quarter. Saudi Central Bank purchased a new stake in Colgate-Palmolive during the 1st quarter worth approximately $29,000. Ransom Advisory Ltd purchased a new position in shares of Colgate-Palmolive in the first quarter worth about $33,000. Finally, Y.D. More Investments Ltd acquired a new position in shares of Colgate-Palmolive in the 1st quarter valued at about $37,000. 80.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Evercore ISI cut their price objective on Colgate-Palmolive from $100.00 to $94.00 and set an “outperform” rating for the company in a research report on Monday. JPMorgan Chase & Co. cut their price objective on shares of Colgate-Palmolive from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Monday. Morgan Stanley cut their price objective on Colgate-Palmolive from $96.00 to $87.00 and set an “overweight” rating for the company in a research report on Monday. UBS Group dropped their price objective on Colgate-Palmolive from $92.00 to $90.00 and set a “buy” rating for the company in a research note on Monday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Colgate-Palmolive in a research report on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Colgate-Palmolive has a consensus rating of “Moderate Buy” and an average price target of $89.87.

Colgate-Palmolive Stock Performance

Shares of CL stock opened at $77.38 on Friday. The company has a debt-to-equity ratio of 6.79, a quick ratio of 0.57 and a current ratio of 0.89. The stock has a fifty day moving average price of $79.84 and a 200 day moving average price of $85.88. Colgate-Palmolive Company has a 1 year low of $74.54 and a 1 year high of $100.18. The stock has a market cap of $62.54 billion, a PE ratio of 21.78, a P/E/G ratio of 4.44 and a beta of 0.35.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.02. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. The business had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts forecast that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 17th will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, October 17th. This represents a $2.08 annualized dividend and a yield of 2.7%. Colgate-Palmolive’s dividend payout ratio is currently 58.26%.

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.