Oxbow Advisors LLC Has $5.91 Million Stock Holdings in Colgate-Palmolive Company $CL

Oxbow Advisors LLC boosted its position in Colgate-Palmolive Company (NYSE:CL) by 133.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 73,986 shares of the company’s stock after acquiring an additional 42,267 shares during the quarter. Oxbow Advisors LLC’s holdings in Colgate-Palmolive were worth $5,914,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. increased its holdings in shares of Colgate-Palmolive by 85.5% during the second quarter. Westside Investment Management Inc. now owns 282 shares of the company’s stock valued at $26,000 after acquiring an additional 130 shares in the last quarter. Vermillion & White Wealth Management Group LLC grew its position in Colgate-Palmolive by 86.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 335 shares of the company’s stock valued at $30,000 after purchasing an additional 155 shares during the period. MTM Investment Management LLC bought a new stake in Colgate-Palmolive during the 2nd quarter valued at $39,000. Louisbourg Investments Inc. raised its holdings in Colgate-Palmolive by 94.7% during the third quarter. Louisbourg Investments Inc. now owns 514 shares of the company’s stock worth $41,000 after buying an additional 250 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Colgate-Palmolive in the second quarter valued at $44,000. Institutional investors own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley decreased their target price on shares of Colgate-Palmolive from $96.00 to $87.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Bank of America lowered their price objective on Colgate-Palmolive from $98.00 to $88.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Royal Bank Of Canada raised Colgate-Palmolive from a “sector perform” rating to an “outperform” rating and set a $88.00 target price on the stock in a research report on Tuesday, December 9th. Citigroup decreased their price target on Colgate-Palmolive from $105.00 to $95.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Finally, Jefferies Financial Group set a $85.00 price objective on Colgate-Palmolive in a research note on Tuesday, December 16th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Colgate-Palmolive presently has a consensus rating of “Moderate Buy” and an average price target of $89.44.

Colgate-Palmolive Stock Performance

NYSE CL traded up $0.86 during trading hours on Friday, reaching $86.67. 5,345,241 shares of the company were exchanged, compared to its average volume of 5,967,937. The company has a quick ratio of 0.60, a current ratio of 0.93 and a debt-to-equity ratio of 5.90. The stock has a market capitalization of $69.86 billion, a P/E ratio of 24.28, a P/E/G ratio of 5.82 and a beta of 0.30. Colgate-Palmolive Company has a 1 year low of $74.54 and a 1 year high of $100.18. The business’s 50 day simple moving average is $80.07 and its 200-day simple moving average is $81.58.

Colgate-Palmolive (NYSE:CL) last issued its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.02. The company had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.17 billion. Colgate-Palmolive had a net margin of 14.47% and a return on equity of 333.39%. Colgate-Palmolive’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. On average, equities research analysts expect that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Wednesday, January 21st will be paid a $0.52 dividend. The ex-dividend date is Wednesday, January 21st. This represents a $2.08 annualized dividend and a dividend yield of 2.4%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 58.26%.

About Colgate-Palmolive

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.