South Dakota Investment Council Grows Holdings in Colgate-Palmolive Company $CL

South Dakota Investment Council lifted its holdings in Colgate-Palmolive Company (NYSE:CL) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,546 shares of the company’s stock after buying an additional 825 shares during the quarter. South Dakota Investment Council’s holdings in Colgate-Palmolive were worth $2,413,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Personal CFO Solutions LLC purchased a new stake in Colgate-Palmolive during the 1st quarter valued at about $285,000. Vision Capital Management Inc. purchased a new stake in Colgate-Palmolive during the 1st quarter valued at about $322,000. Financial Gravity Asset Management Inc. purchased a new stake in Colgate-Palmolive during the 1st quarter valued at about $2,166,000. Cidel Asset Management Inc. grew its position in Colgate-Palmolive by 13.6% during the 2nd quarter. Cidel Asset Management Inc. now owns 329,060 shares of the company’s stock valued at $29,912,000 after purchasing an additional 39,413 shares during the last quarter. Finally, Penserra Capital Management LLC grew its position in Colgate-Palmolive by 398.6% during the 1st quarter. Penserra Capital Management LLC now owns 10,651 shares of the company’s stock valued at $997,000 after purchasing an additional 8,515 shares during the last quarter. 80.41% of the stock is owned by hedge funds and other institutional investors.

Colgate-Palmolive Price Performance

NYSE CL opened at $74.94 on Tuesday. Colgate-Palmolive Company has a 12 month low of $74.54 and a 12 month high of $100.18. The stock has a market cap of $60.56 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 4.44 and a beta of 0.34. The company’s 50 day moving average is $80.26 and its two-hundred day moving average is $86.14. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 6.79.

Colgate-Palmolive (NYSE:CL) last released its earnings results on Friday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. The company had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.17 billion. During the same quarter last year, the business earned $0.91 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. As a group, 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. Shareholders of record on Friday, October 17th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 17th. Colgate-Palmolive’s dividend payout ratio (DPR) is 58.26%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CL. Morgan Stanley cut their price objective 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. Wells Fargo & Company lowered their target price on shares of Colgate-Palmolive from $80.00 to $77.00 and set an “underweight” rating on the stock in a research note on Monday. Barclays lowered their target price on shares of Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. JPMorgan Chase & Co. lowered their target price on shares of Colgate-Palmolive from $88.00 to $87.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Citigroup lowered their target price on shares of Colgate-Palmolive from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday. Nine analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Colgate-Palmolive presently has an average rating of “Moderate Buy” and an average price target of $90.00.

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.