Savvy Advisors Inc. Increases Stake in Colgate-Palmolive Company $CL

Savvy Advisors Inc. increased its holdings in Colgate-Palmolive Company (NYSE:CL) by 54.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,594 shares of the company’s stock after purchasing an additional 1,981 shares during the period. Savvy Advisors Inc.’s holdings in Colgate-Palmolive were worth $508,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Grimes & Company Inc. boosted its stake in shares of Colgate-Palmolive by 1.0% in the 2nd quarter. Grimes & Company Inc. now owns 12,495 shares of the company’s stock valued at $1,136,000 after purchasing an additional 118 shares in the last quarter. RFG Advisory LLC boosted its stake in shares of Colgate-Palmolive by 1.4% in the 2nd quarter. RFG Advisory LLC now owns 9,227 shares of the company’s stock valued at $839,000 after purchasing an additional 123 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its position in Colgate-Palmolive by 2.4% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 5,467 shares of the company’s stock valued at $497,000 after buying an additional 129 shares during the period. MONECO Advisors LLC boosted its position in Colgate-Palmolive by 2.2% during the 1st quarter. MONECO Advisors LLC now owns 6,051 shares of the company’s stock valued at $567,000 after buying an additional 133 shares during the period. Finally, Sowell Financial Services LLC boosted its position in Colgate-Palmolive by 2.5% during the 2nd quarter. Sowell Financial Services LLC now owns 5,478 shares of the company’s stock valued at $498,000 after buying an additional 134 shares during the period. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Colgate-Palmolive Trading Up 0.8%

NYSE:CL opened at $77.10 on Friday. The company has a 50-day moving average price of $80.45 and a 200-day moving average price of $86.39. Colgate-Palmolive Company has a 12 month low of $74.62 and a 12 month high of $100.18. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 6.79. The stock has a market cap of $62.32 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 4.44 and a beta of 0.34.

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

Colgate-Palmolive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 17th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 17th. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 58.43%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CL. Weiss Ratings reissued a “hold (c)” rating on shares of Colgate-Palmolive in a research report on Wednesday, October 8th. Raymond James Financial dropped their price target on shares of Colgate-Palmolive from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Wells Fargo & Company dropped their price target on shares of Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating for the company in a research report on Thursday, September 25th. Piper Sandler began coverage on shares of Colgate-Palmolive in a research report on Friday, October 3rd. They set a “neutral” rating and a $84.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft set a $86.00 price target on shares of Colgate-Palmolive in a research report on Friday, October 10th. Eight equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $91.50.

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.