Autumn Glory Partners LLC Sells 176 Shares of Colgate-Palmolive Company $CL

Autumn Glory Partners LLC lowered its position in shares of Colgate-Palmolive Company (NYSE:CL) by 2.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,729 shares of the company’s stock after selling 176 shares during the period. Autumn Glory Partners LLC’s holdings in Colgate-Palmolive were worth $793,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

CL has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Colgate-Palmolive from $99.00 to $95.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Barclays dropped their price objective on Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Wednesday. The Goldman Sachs Group dropped their price objective on Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday. Wells Fargo & Company dropped their price target on Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating on the stock in a research note on Thursday, September 25th. Finally, UBS Group dropped their price target on Colgate-Palmolive from $109.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $94.83.

Colgate-Palmolive Stock Down 0.4%

CL stock opened at $78.01 on Monday. The stock’s fifty day simple moving average is $83.29 and its two-hundred day simple moving average is $88.30. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 6.79. Colgate-Palmolive Company has a 1-year low of $77.91 and a 1-year high of $102.61. The stock has a market cap of $63.05 billion, a P/E ratio of 21.91, a P/E/G ratio of 4.06 and a beta of 0.34.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%.The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. Analysts expect that Colgate-Palmolive Company will post 3.75 EPS for the current year.

Colgate-Palmolive Dividend Announcement

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

Colgate-Palmolive Company 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.