Stock Yards Bank & Trust Co. Has $1.28 Million Holdings in Colgate-Palmolive Company $CL

Stock Yards Bank & Trust Co. cut its holdings in Colgate-Palmolive Company (NYSE:CL) by 14.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,123 shares of the company’s stock after selling 2,292 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Colgate-Palmolive were worth $1,284,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Westend Capital Management LLC boosted its stake in Colgate-Palmolive by 111.1% in the first quarter. Westend Capital Management LLC now owns 266 shares of the company’s stock valued at $25,000 after buying an additional 140 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in 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 buying an additional 287 shares in the last quarter. Saudi Central Bank acquired a new stake in Colgate-Palmolive in the first quarter valued at about $29,000. Ransom Advisory Ltd bought a new position in Colgate-Palmolive in the first quarter valued at about $33,000. Finally, Y.D. More Investments Ltd bought a new position in Colgate-Palmolive in the first quarter valued at about $37,000. 80.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on CL shares. Wells Fargo & Company dropped their target price on Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating for the company in a research report on Thursday, September 25th. Barclays dropped their target price on Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating for the company in a research report on Wednesday. Morgan Stanley dropped their target price on Colgate-Palmolive from $104.00 to $96.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Colgate-Palmolive in a research report on Saturday, September 27th. Finally, The Goldman Sachs Group dropped their target price on Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Colgate-Palmolive has an average rating of “Hold” and an average price target of $94.83.

Colgate-Palmolive Price Performance

Shares of CL opened at $78.01 on Friday. Colgate-Palmolive Company has a 1 year low of $77.91 and a 1 year high of $102.61. 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 $63.05 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 4.06 and a beta of 0.34. The business has a 50-day moving average of $83.29 and a 200-day moving average of $88.32.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data 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 return on equity of 377.63% and a net margin of 14.55%.The company had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same period last year, the company earned $0.91 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

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

About Colgate-Palmolive

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.