AdvisorShares Investments LLC Has $470,000 Holdings in Colgate-Palmolive Company $CL

AdvisorShares Investments LLC increased its position in shares of Colgate-Palmolive Company (NYSE:CL) by 10.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,172 shares of the company’s stock after acquiring an additional 472 shares during the quarter. AdvisorShares Investments LLC’s holdings in Colgate-Palmolive were worth $470,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CL. Cornerstone Planning Group LLC lifted its holdings in shares of Colgate-Palmolive by 1,913.3% in the first quarter. Cornerstone Planning Group LLC now owns 302 shares of the company’s stock valued at $28,000 after purchasing an additional 287 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of Colgate-Palmolive in the first quarter valued at $29,000. Ransom Advisory Ltd purchased a new stake in shares of Colgate-Palmolive in the first quarter valued at $33,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Colgate-Palmolive in the first quarter valued at $37,000. Finally, Y.D. More Investments Ltd purchased a new stake in shares of Colgate-Palmolive in the first quarter valued at $37,000. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CL. The Goldman Sachs Group dropped their price target on shares of Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Bank of America cut their target price on Colgate-Palmolive from $98.00 to $88.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Piper Sandler began coverage on shares of Colgate-Palmolive in a research report on Friday, October 3rd. They set a “neutral” rating and a $84.00 target price on the stock. Wells Fargo & Company lowered their price target on Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating on the stock in a research note on Thursday, September 25th. Finally, Citigroup lowered their price target on Colgate-Palmolive from $108.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, August 4th. Eight 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Colgate-Palmolive Stock Up 1.1%

NYSE CL opened at $76.54 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 6.79. The stock’s 50 day moving average is $80.62 and its two-hundred day moving average is $86.51. The company has a market capitalization of $61.86 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 4.44 and a beta of 0.34. Colgate-Palmolive Company has a 1-year low of $75.38 and a 1-year high of $100.18.

Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, August 1st. The company reported $0.92 EPS for the quarter, topping the consensus estimate 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%.Colgate-Palmolive’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. Equities analysts forecast that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Announces Dividend

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

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.