Colgate-Palmolive Company $CL Shares Sold by Advocate Group LLC

Advocate Group LLC trimmed its holdings in shares of Colgate-Palmolive Company (NYSE:CL) by 5.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,431 shares of the company’s stock after selling 488 shares during the period. Advocate Group LLC’s holdings in Colgate-Palmolive were worth $766,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CL. Westend Capital Management LLC increased its holdings in shares of Colgate-Palmolive by 111.1% during the first quarter. Westend Capital Management LLC now owns 266 shares of the company’s stock valued at $25,000 after purchasing an additional 140 shares during the period. Cornerstone Planning Group LLC boosted its stake in Colgate-Palmolive by 1,913.3% during the first quarter. Cornerstone Planning Group LLC now owns 302 shares of the company’s stock valued at $28,000 after buying an additional 287 shares in the last quarter. Saudi Central Bank bought a new position in Colgate-Palmolive during the first quarter valued at about $29,000. Ransom Advisory Ltd bought a new position in Colgate-Palmolive during the first quarter valued at about $33,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Colgate-Palmolive during the first quarter valued at about $37,000. 80.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CL shares. UBS Group decreased their target price on Colgate-Palmolive from $99.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday. Morgan Stanley decreased their target price on Colgate-Palmolive from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft set a $86.00 target price on Colgate-Palmolive in a research note on Friday. Wells Fargo & Company decreased their target price on Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating for the company in a research note on Thursday, September 25th. Finally, Barclays decreased their price target on Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.21.

Colgate-Palmolive Trading Up 0.2%

Shares of NYSE CL opened at $77.99 on Friday. Colgate-Palmolive Company has a one year low of $77.09 and a one year high of $102.61. The firm has a market capitalization of $63.03 billion, a PE ratio of 21.91, a PEG ratio of 4.29 and a beta of 0.34. 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 business has a 50-day moving average price of $82.56 and a two-hundred day moving average price of $87.88.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.92 EPS for the quarter, topping 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 firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same period last year, the company posted $0.91 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, analysts predict that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The firm 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. The ex-dividend date is Friday, October 17th. This represents a $2.08 dividend on an annualized basis and a yield of 2.7%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 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.