FARMERS & MERCHANTS TRUST Co OF LONG BEACH Increases Position in Colgate-Palmolive Company $CL

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in shares of Colgate-Palmolive Company (NYSE:CL) by 14.3% during the second quarter, Holdings Channel reports. The institutional investor owned 4,608 shares of the company’s stock after purchasing an additional 577 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in Colgate-Palmolive were worth $419,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Westend Capital Management LLC lifted its position in shares of 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 acquiring an additional 140 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in Colgate-Palmolive by 1,913.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 302 shares of the company’s stock worth $28,000 after purchasing an additional 287 shares in the last quarter. Saudi Central Bank bought a new position in Colgate-Palmolive in the 1st quarter worth approximately $29,000. Ransom Advisory Ltd purchased a new stake in Colgate-Palmolive during the 1st quarter valued at approximately $33,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Colgate-Palmolive during the first quarter valued at approximately $37,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Analyst Upgrades and Downgrades

CL has been the subject of a number of research reports. Morgan Stanley dropped their target price on shares of Colgate-Palmolive from $104.00 to $96.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Wells Fargo & Company dropped their price objective on shares of Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating for the company in a report on Thursday. UBS Group reduced their target price on Colgate-Palmolive from $109.00 to $106.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. JPMorgan Chase & Co. dropped their price target on Colgate-Palmolive from $99.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Finally, Barclays lifted their price objective on Colgate-Palmolive from $86.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Colgate-Palmolive presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.73.

Colgate-Palmolive Trading Down 0.2%

CL opened at $79.57 on Monday. The stock has a 50-day moving average of $84.19 and a 200 day moving average of $88.69. 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 Company has a 12 month low of $78.76 and a 12 month high of $104.16. The firm has a market cap of $64.31 billion, a P/E ratio of 22.35, a P/E/G ratio of 4.14 and a beta of 0.35.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.03 billion. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. As a group, research analysts forecast that Colgate-Palmolive Company will post 3.75 EPS for the current 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. The ex-dividend date is Friday, October 17th. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. Colgate-Palmolive’s dividend payout ratio (DPR) 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.