Bank of New Hampshire Sells 495 Shares of Colgate-Palmolive Company $CL

Bank of New Hampshire decreased its position in shares of Colgate-Palmolive Company (NYSE:CL) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,717 shares of the company’s stock after selling 495 shares during the quarter. Bank of New Hampshire’s holdings in Colgate-Palmolive were worth $611,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Westend Capital Management LLC increased its holdings in shares of Colgate-Palmolive by 111.1% in the first quarter. Westend Capital Management LLC now owns 266 shares of the company’s stock worth $25,000 after acquiring an additional 140 shares in 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 purchasing an additional 287 shares during the period. Saudi Central Bank bought a new stake in Colgate-Palmolive during the 1st quarter worth approximately $29,000. Vermillion Wealth Management Inc. acquired a new stake in Colgate-Palmolive during the 4th quarter worth approximately $31,000. Finally, Ransom Advisory Ltd acquired a new stake in Colgate-Palmolive during the 1st quarter worth approximately $33,000. Institutional investors own 80.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Colgate-Palmolive from $99.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. UBS Group decreased their price objective on shares of Colgate-Palmolive from $109.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Morgan Stanley reduced their target price on Colgate-Palmolive from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Barclays upped their price target on shares of Colgate-Palmolive from $86.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company dropped their price target on Colgate-Palmolive from $88.00 to $83.00 and set an “underweight” rating for the company in a report on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

Colgate-Palmolive Stock Down 1.4%

CL stock opened at $82.10 on Tuesday. Colgate-Palmolive Company has a 52 week low of $81.60 and a 52 week high of $105.92. The business has a 50-day simple moving average of $85.72 and a 200 day simple moving average of $89.47. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 6.79. The company has a market cap of $66.35 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 4.33 and a beta of 0.35.

Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, August 1st. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5.03 billion. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. Sell-side analysts anticipate that Colgate-Palmolive Company will post 3.75 EPS for the current fiscal 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 given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, October 17th. Colgate-Palmolive’s payout ratio is currently 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.