Keybank National Association OH Trims Stock Position in Colgate-Palmolive Company $CL

Keybank National Association OH cut its holdings in Colgate-Palmolive Company (NYSE:CLFree Report) by 1.6% during the 3rd quarter, Holdings Channel reports. The fund owned 395,274 shares of the company’s stock after selling 6,493 shares during the period. Keybank National Association OH’s holdings in Colgate-Palmolive were worth $31,598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CL. Asset Management One Co. Ltd. increased its stake in shares of Colgate-Palmolive by 3.9% in the third quarter. Asset Management One Co. Ltd. now owns 422,292 shares of the company’s stock worth $33,758,000 after purchasing an additional 16,017 shares in the last quarter. Cidel Asset Management Inc. grew its position in shares of Colgate-Palmolive by 13.6% during the second quarter. Cidel Asset Management Inc. now owns 329,060 shares of the company’s stock valued at $29,912,000 after purchasing an additional 39,413 shares in the last quarter. Vanguard Group Inc. grew its holdings in Colgate-Palmolive by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 82,751,689 shares of the company’s stock valued at $7,522,129,000 after buying an additional 993,432 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Colgate-Palmolive by 18.6% in the second quarter. Sequoia Financial Advisors LLC now owns 30,273 shares of the company’s stock valued at $2,752,000 after purchasing an additional 4,738 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Colgate-Palmolive by 15.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 400,137 shares of the company’s stock worth $31,987,000 after buying an additional 52,261 shares during the last quarter. Institutional investors own 80.41% of the company’s stock.

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Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. TD Cowen decreased their price target on Colgate-Palmolive from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Citigroup cut their price objective on shares of Colgate-Palmolive from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. JPMorgan Chase & Co. raised their target price on shares of Colgate-Palmolive from $88.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Bank of America cut their price objective on shares of Colgate-Palmolive from $98.00 to $88.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Finally, Evercore ISI reduced their target price on Colgate-Palmolive from $100.00 to $94.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.13.

Check Out Our Latest Research Report on CL

Colgate-Palmolive Stock Performance

NYSE CL opened at $90.28 on Friday. Colgate-Palmolive Company has a 1-year low of $74.54 and a 1-year high of $100.18. The company has a debt-to-equity ratio of 5.90, a current ratio of 0.93 and a quick ratio of 0.60. The stock’s 50 day simple moving average is $80.77 and its 200-day simple moving average is $81.38. The company has a market cap of $72.77 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 5.74 and a beta of 0.30.

Colgate-Palmolive (NYSE:CLGet Free Report) last released its earnings results on Friday, January 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Colgate-Palmolive had a net margin of 14.47% and a return on equity of 333.39%. The business had revenue of $5.23 billion for the quarter, compared to analyst estimates of $5.13 billion. During the same period last year, the company posted $0.91 EPS. The business’s revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts anticipate that Colgate-Palmolive Company will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Wednesday, January 21st will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, January 21st. Colgate-Palmolive’s payout ratio is presently 58.26%.

Colgate-Palmolive Company Profile

(Free Report)

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.

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Institutional Ownership by Quarter for Colgate-Palmolive (NYSE:CL)

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