Simon Quick Advisors LLC Acquires 805 Shares of Colgate-Palmolive Company $CL

Simon Quick Advisors LLC increased its holdings in Colgate-Palmolive Company (NYSE:CL) by 7.2% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 11,922 shares of the company’s stock after buying an additional 805 shares during the quarter. Simon Quick Advisors LLC’s holdings in Colgate-Palmolive were worth $1,084,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Grimes & Company Inc. increased its holdings in Colgate-Palmolive by 1.0% in the 2nd quarter. Grimes & Company Inc. now owns 12,495 shares of the company’s stock worth $1,136,000 after buying an additional 118 shares in the last quarter. RFG Advisory LLC increased its holdings in Colgate-Palmolive by 1.4% in the 2nd quarter. RFG Advisory LLC now owns 9,227 shares of the company’s stock worth $839,000 after buying an additional 123 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its holdings in Colgate-Palmolive by 2.4% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 5,467 shares of the company’s stock worth $497,000 after buying an additional 129 shares in the last quarter. MONECO Advisors LLC increased its holdings in Colgate-Palmolive by 2.2% in the 1st quarter. MONECO Advisors LLC now owns 6,051 shares of the company’s stock worth $567,000 after buying an additional 133 shares in the last quarter. Finally, Sowell Financial Services LLC increased its holdings in Colgate-Palmolive by 2.5% in the 2nd quarter. Sowell Financial Services LLC now owns 5,478 shares of the company’s stock worth $498,000 after buying an additional 134 shares in the last quarter. 80.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CL. The Goldman Sachs Group reduced their price objective on Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 2nd. Wells Fargo & Company reduced 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. Barclays reduced their price target on shares of Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. Bank of America reduced their price target on shares of Colgate-Palmolive from $98.00 to $88.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Finally, Morgan Stanley reduced their price target on shares of Colgate-Palmolive from $104.00 to $96.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Colgate-Palmolive has a consensus rating of “Moderate Buy” and a consensus target price of $91.50.

Colgate-Palmolive Price Performance

NYSE CL opened at $76.54 on Friday. The company has a 50-day moving average price of $80.62 and a 200-day moving average price of $86.51. The firm has a market capitalization of $61.86 billion, a P/E ratio of 21.50, a PEG ratio of 4.44 and a beta of 0.34. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 6.79. Colgate-Palmolive Company has a 52 week low of $75.38 and a 52 week high of $100.18.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings data 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 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 firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. Equities research analysts anticipate that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 17th will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, October 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. Colgate-Palmolive’s payout ratio is 58.43%.

About Colgate-Palmolive

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.