Colgate-Palmolive Company $CL Shares Acquired by Quent Capital LLC

Quent Capital LLC grew its position in Colgate-Palmolive Company (NYSE:CL) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,452 shares of the company’s stock after purchasing an additional 247 shares during the period. Quent Capital LLC’s holdings in Colgate-Palmolive were worth $405,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CL. Brighton Jones LLC lifted its stake in shares of Colgate-Palmolive by 4.4% in the 4th quarter. Brighton Jones LLC now owns 10,578 shares of the company’s stock valued at $962,000 after purchasing an additional 450 shares in the last quarter. Foster Group Inc. raised its holdings in shares of Colgate-Palmolive by 20.5% during the 1st quarter. Foster Group Inc. now owns 3,392 shares of the company’s stock valued at $318,000 after buying an additional 577 shares during the period. Curat Global LLC purchased a new stake in shares of Colgate-Palmolive during the 1st quarter valued at about $131,000. Procyon Advisors LLC raised its holdings in shares of Colgate-Palmolive by 225.9% during the 1st quarter. Procyon Advisors LLC now owns 13,566 shares of the company’s stock valued at $1,271,000 after buying an additional 9,403 shares during the period. Finally, Horizon Wealth Management LLC raised its holdings in shares of Colgate-Palmolive by 3.1% during the 1st quarter. Horizon Wealth Management LLC now owns 4,633 shares of the company’s stock valued at $434,000 after buying an additional 139 shares during the period. 80.41% of the stock is owned by institutional investors and hedge funds.

Colgate-Palmolive Trading Down 0.4%

NYSE:CL opened at $78.01 on Friday. Colgate-Palmolive Company has a 12-month low of $77.91 and a 12-month high of $102.61. The firm has a market capitalization of $63.05 billion, a P/E ratio of 21.91, a P/E/G ratio of 4.06 and a beta of 0.34. 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 business has a 50 day simple moving average of $83.29 and a 200 day simple moving average of $88.32.

Colgate-Palmolive (NYSE:CL) last released 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. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%.The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts predict that Colgate-Palmolive Company will post 3.75 EPS for the current year.

Colgate-Palmolive Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently commented on CL. Citigroup dropped their target price on Colgate-Palmolive from $108.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, August 4th. Barclays dropped their target price on Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating on the stock in a report on Wednesday. Wells Fargo & Company dropped their price objective on Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, September 25th. Morgan Stanley dropped their price objective on Colgate-Palmolive from $104.00 to $96.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Colgate-Palmolive in a report on Saturday, September 27th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $94.83.

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.