Rosenberg Matthew Hamilton Has $283,000 Stock Position in Colgate-Palmolive Company $CL

Rosenberg Matthew Hamilton increased its holdings in shares of Colgate-Palmolive Company (NYSE:CL) by 79.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,110 shares of the company’s stock after purchasing an additional 1,380 shares during the period. Rosenberg Matthew Hamilton’s holdings in Colgate-Palmolive were worth $283,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Westend Capital Management LLC increased its position in Colgate-Palmolive by 111.1% during the first quarter. Westend Capital Management LLC now owns 266 shares of the company’s stock worth $25,000 after buying an additional 140 shares during the last quarter. Cornerstone Planning Group LLC increased its position in Colgate-Palmolive by 1,913.3% during the first quarter. Cornerstone Planning Group LLC now owns 302 shares of the company’s stock worth $28,000 after buying an additional 287 shares during the last quarter. Saudi Central Bank acquired a new position in Colgate-Palmolive during the first quarter worth approximately $29,000. Ransom Advisory Ltd acquired a new position in Colgate-Palmolive during the first quarter worth approximately $33,000. Finally, Y.D. More Investments Ltd acquired a new position in Colgate-Palmolive during the first quarter worth approximately $37,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CL shares. The Goldman Sachs Group lowered their price target on Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 2nd. Barclays lowered their price target on shares of Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. UBS Group lowered their price target on shares of Colgate-Palmolive from $99.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $86.00 price target on shares of Colgate-Palmolive in a report on Friday, October 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Colgate-Palmolive in a report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $92.21.

Colgate-Palmolive Stock Performance

Shares of NYSE:CL opened at $77.67 on Thursday. The company’s 50 day moving average price is $82.20 and its two-hundred day moving average price is $87.60. Colgate-Palmolive Company has a 12-month low of $76.68 and a 12-month high of $101.89. The firm has a market cap of $62.77 billion, a PE ratio of 21.82, a PEG ratio of 4.60 and a beta of 0.34. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 6.79.

Colgate-Palmolive (NYSE:CL) last announced its earnings results on Friday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. Equities research analysts predict that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The firm also recently announced 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 dividend yield of 2.7%. The ex-dividend date is Friday, October 17th. Colgate-Palmolive’s dividend payout ratio 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.