Citigroup Inc. Has $85.16 Million Holdings in Colgate-Palmolive Company $CL

Citigroup Inc. decreased its position in Colgate-Palmolive Company (NYSE:CL) by 1.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 936,880 shares of the company’s stock after selling 15,269 shares during the period. Citigroup Inc.’s holdings in Colgate-Palmolive were worth $85,162,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Westside Investment Management Inc. lifted its stake in shares of Colgate-Palmolive by 85.5% in the 2nd quarter. Westside Investment Management Inc. now owns 282 shares of the company’s stock valued at $26,000 after purchasing an additional 130 shares during the period. Saudi Central Bank bought a new stake in Colgate-Palmolive in the first quarter worth approximately $29,000. Ransom Advisory Ltd acquired a new position in Colgate-Palmolive in the first quarter valued at approximately $33,000. Y.D. More Investments Ltd bought a new position in shares of Colgate-Palmolive during the 1st quarter worth approximately $37,000. Finally, MTM Investment Management LLC acquired a new stake in shares of Colgate-Palmolive during the 2nd quarter worth approximately $39,000. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Colgate-Palmolive from $96.00 to $87.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. The Goldman Sachs Group cut their price objective on shares of Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Colgate-Palmolive in a research report on Wednesday, October 8th. Wells Fargo & Company cut their price target on Colgate-Palmolive from $80.00 to $77.00 and set an “underweight” rating on the stock in a report on Monday, November 3rd. Finally, Barclays reduced their price objective on Colgate-Palmolive from $82.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 4th. Nine research 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.87.

Colgate-Palmolive Price Performance

Shares of NYSE CL opened at $79.37 on Wednesday. The company has a debt-to-equity ratio of 6.79, a quick ratio of 0.57 and a current ratio of 0.89. The firm’s 50-day simple moving average is $78.98 and its 200 day simple moving average is $85.00. The stock has a market cap of $63.98 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 4.44 and a beta of 0.35. Colgate-Palmolive Company has a fifty-two week low of $74.54 and a fifty-two week high of $100.18.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. The firm had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.17 billion. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%.The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. As a group, research analysts anticipate that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 17th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, October 17th. Colgate-Palmolive’s payout ratio is currently 58.26%.

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.