Secured Retirement Advisors LLC Raises Holdings in Colgate-Palmolive Company $CL

Secured Retirement Advisors LLC increased its holdings in Colgate-Palmolive Company (NYSE:CL) by 4.5% in the second quarter, Holdings Channel.com reports. The firm owned 21,318 shares of the company’s stock after purchasing an additional 912 shares during the period. Colgate-Palmolive accounts for 1.2% of Secured Retirement Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Secured Retirement Advisors LLC’s holdings in Colgate-Palmolive were worth $1,938,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CL. Brighton Jones LLC lifted its position in shares of Colgate-Palmolive by 4.4% during the fourth quarter. Brighton Jones LLC now owns 10,578 shares of the company’s stock worth $962,000 after purchasing an additional 450 shares during the last quarter. Miracle Mile Advisors LLC raised its stake in shares of Colgate-Palmolive by 3.5% during the first quarter. Miracle Mile Advisors LLC now owns 12,651 shares of the company’s stock valued at $1,185,000 after purchasing an additional 429 shares in the last quarter. OLD National Bancorp IN raised its holdings in Colgate-Palmolive by 2.2% during the first quarter. OLD National Bancorp IN now owns 7,859 shares of the company’s stock worth $736,000 after purchasing an additional 171 shares in the last quarter. Park Avenue Securities LLC raised its position in Colgate-Palmolive by 15.7% in the first quarter. Park Avenue Securities LLC now owns 9,989 shares of the company’s stock worth $936,000 after acquiring an additional 1,356 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in shares of Colgate-Palmolive by 5.6% in the first quarter. First Citizens Bank & Trust Co. now owns 11,173 shares of the company’s stock valued at $1,047,000 after buying an additional 593 shares in the last quarter. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, September 25th. UBS Group reduced their price target on shares of Colgate-Palmolive from $109.00 to $106.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Weiss Ratings restated a “hold (c)” rating on shares of Colgate-Palmolive in a report on Saturday, September 27th. Morgan Stanley dropped their target price on shares of Colgate-Palmolive from $104.00 to $96.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Finally, Piper Sandler initiated coverage on Colgate-Palmolive in a research report on Friday. They set a “neutral” rating and a $84.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $94.83.

Colgate-Palmolive Stock Performance

NYSE:CL opened at $78.99 on Wednesday. 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 has a market capitalization of $63.84 billion, a P/E ratio of 22.19, a P/E/G ratio of 4.03 and a beta of 0.34. Colgate-Palmolive Company has a 1 year low of $77.09 and a 1 year high of $102.61. The business has a fifty day simple moving average of $82.95 and a two-hundred day simple moving average of $88.15.

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 the consensus estimate of $0.89 by $0.03. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. The company had revenue of $5.11 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts expect that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 17th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, October 17th. Colgate-Palmolive’s payout ratio is currently 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.