Sage Mountain Advisors LLC Invests $484,000 in Colgate-Palmolive Company $CL

Sage Mountain Advisors LLC acquired a new stake in shares of Colgate-Palmolive Company (NYSE:CL) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 5,319 shares of the company’s stock, valued at approximately $484,000.

A number of other large investors have also bought and sold shares of the business. Personal CFO Solutions LLC acquired a new position in shares of Colgate-Palmolive in the first quarter valued at approximately $285,000. Vision Capital Management Inc. bought a new stake in Colgate-Palmolive in the 1st quarter valued at $322,000. Financial Gravity Asset Management Inc. acquired a new position in Colgate-Palmolive in the 1st quarter worth $2,166,000. Cidel Asset Management Inc. increased its holdings in Colgate-Palmolive by 13.6% during the 2nd quarter. Cidel Asset Management Inc. now owns 329,060 shares of the company’s stock worth $29,912,000 after purchasing an additional 39,413 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in shares of Colgate-Palmolive by 398.6% in the 1st quarter. Penserra Capital Management LLC now owns 10,651 shares of the company’s stock valued at $997,000 after purchasing an additional 8,515 shares during the period. 80.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CL has been the subject of a number of research reports. 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. Citigroup decreased their target price on shares of Colgate-Palmolive from $108.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, August 4th. Raymond James Financial cut their price target on shares of Colgate-Palmolive from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Finally, Bank of America decreased their price objective on Colgate-Palmolive from $98.00 to $88.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Eight 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.50.

Colgate-Palmolive Stock Down 0.6%

Colgate-Palmolive stock opened at $78.01 on Friday. 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 company’s 50-day moving average is $81.33 and its 200-day moving average is $86.93. The firm has a market capitalization of $63.05 billion, a PE ratio of 21.91, a P/E/G ratio of 4.58 and a beta of 0.34. Colgate-Palmolive Company has a fifty-two week low of $76.68 and a fifty-two week high of $100.18.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.03 billion. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. Colgate-Palmolive’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. Sell-side analysts anticipate that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, October 17th. Colgate-Palmolive’s payout ratio is 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.