Colgate-Palmolive Company $CL Stock Holdings Increased by VCI Wealth Management LLC

VCI Wealth Management LLC lifted its stake in Colgate-Palmolive Company (NYSE:CL) by 13.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,616 shares of the company’s stock after purchasing an additional 874 shares during the quarter. VCI Wealth Management LLC’s holdings in Colgate-Palmolive were worth $692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Personal CFO Solutions LLC purchased a new stake in shares of Colgate-Palmolive in the first quarter worth approximately $285,000. Vision Capital Management Inc. bought a new position in Colgate-Palmolive during the first quarter valued at approximately $322,000. Financial Gravity Asset Management Inc. bought a new position in Colgate-Palmolive during the first quarter valued at approximately $2,166,000. Penserra Capital Management LLC raised its position in Colgate-Palmolive by 398.6% during the first quarter. Penserra Capital Management LLC now owns 10,651 shares of the company’s stock valued at $997,000 after acquiring an additional 8,515 shares in the last quarter. Finally, Pure Financial Advisors LLC raised its position in Colgate-Palmolive by 57.1% during the first quarter. Pure Financial Advisors LLC now owns 7,942 shares of the company’s stock valued at $744,000 after acquiring an additional 2,886 shares in the last quarter. 80.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group cut their price objective on shares of Colgate-Palmolive from $99.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Raymond James Financial cut their price objective on shares of Colgate-Palmolive from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday. 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. JPMorgan Chase & Co. cut their price objective on shares of Colgate-Palmolive from $95.00 to $88.00 and set an “overweight” rating on the stock in a research report on Friday, October 10th. Finally, Wells Fargo & Company lowered their price target on Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, September 25th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.50.

Colgate-Palmolive Trading Down 0.5%

Shares of CL stock opened at $78.76 on Tuesday. Colgate-Palmolive Company has a 12 month low of $76.68 and a 12 month high of $100.49. 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 business’s 50 day moving average is $81.85 and its two-hundred day moving average is $87.19. The company has a market cap of $63.65 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 4.64 and a beta of 0.34.

Colgate-Palmolive (NYSE:CL) last announced its quarterly 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 company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.03 billion. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%.The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 earnings per share. Equities analysts predict that Colgate-Palmolive Company will post 3.75 EPS for the current year.

Colgate-Palmolive Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 17th will be paid a $0.52 dividend. The ex-dividend date is Friday, October 17th. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 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.