Bartlett & CO. Wealth Management LLC Has $9.09 Million Holdings in Colgate-Palmolive Company $CL

Bartlett & CO. Wealth Management LLC trimmed its holdings in Colgate-Palmolive Company (NYSE:CL) by 2.0% in the 2nd quarter, Holdings Channel reports. The fund owned 99,963 shares of the company’s stock after selling 2,042 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Colgate-Palmolive were worth $9,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised 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 valued at $962,000 after buying an additional 450 shares during the last quarter. NBC Securities Inc. increased its stake in Colgate-Palmolive by 112,160.0% during the first quarter. NBC Securities Inc. now owns 5,613 shares of the company’s stock valued at $525,000 after acquiring an additional 5,608 shares during the period. Gradient Investments LLC raised its holdings in Colgate-Palmolive by 9.7% in the 1st quarter. Gradient Investments LLC now owns 3,370 shares of the company’s stock valued at $316,000 after acquiring an additional 299 shares in the last quarter. Baxter Bros Inc. lifted its position in shares of Colgate-Palmolive by 2.6% in the 1st quarter. Baxter Bros Inc. now owns 19,273 shares of the company’s stock worth $1,806,000 after acquiring an additional 480 shares during the period. Finally, Merit Financial Group LLC grew its holdings in shares of Colgate-Palmolive by 13.6% during the 1st quarter. Merit Financial Group LLC now owns 34,809 shares of the company’s stock worth $3,262,000 after purchasing an additional 4,169 shares in the last quarter. Institutional investors own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CL shares. UBS Group cut their target price on Colgate-Palmolive from $109.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Morgan Stanley lowered their price target 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. Citigroup reduced their price objective on shares of Colgate-Palmolive from $108.00 to $105.00 and set a “buy” rating for the company in a report on Monday, August 4th. Wells Fargo & Company lowered their target price on shares of 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, Barclays increased their price target on shares of Colgate-Palmolive from $86.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Colgate-Palmolive has an average rating of “Moderate Buy” and a consensus target price of $97.73.

Colgate-Palmolive Price Performance

Shares of Colgate-Palmolive stock opened at $80.00 on Wednesday. The stock has a market capitalization of $64.66 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 4.18 and a beta of 0.35. The firm’s 50-day moving average price is $83.89 and its two-hundred day moving average price is $88.56. 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 $78.76 and a 1-year high of $103.82.

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

Colgate-Palmolive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 17th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. 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.