Westwood Holdings Group Inc. Grows Stock Holdings in Colgate-Palmolive Company $CL

Westwood Holdings Group Inc. increased its stake in Colgate-Palmolive Company (NYSE:CL) by 3,198.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 141,982 shares of the company’s stock after buying an additional 137,677 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Colgate-Palmolive were worth $12,906,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Colgate-Palmolive by 4.4% in the fourth quarter. Brighton Jones LLC now owns 10,578 shares of the company’s stock worth $962,000 after acquiring an additional 450 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Colgate-Palmolive in the 1st quarter worth about $321,000. Horizon Investments LLC grew its position in Colgate-Palmolive by 4.0% during the 1st quarter. Horizon Investments LLC now owns 12,890 shares of the company’s stock valued at $1,201,000 after purchasing an additional 500 shares during the last quarter. Brandywine Global Investment Management LLC bought a new stake in Colgate-Palmolive during the 1st quarter valued at about $5,431,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Colgate-Palmolive by 13.9% in the first quarter. EverSource Wealth Advisors LLC now owns 5,541 shares of the company’s stock worth $519,000 after buying an additional 675 shares during the last quarter. Institutional investors own 80.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CL. Citigroup reduced their price target on shares of Colgate-Palmolive from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. JPMorgan Chase & Co. cut their target price on Colgate-Palmolive from $88.00 to $87.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Morgan Stanley decreased their price target on Colgate-Palmolive from $96.00 to $87.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Argus reaffirmed a “hold” rating on shares of Colgate-Palmolive in a report on Thursday. Finally, Bank of America reduced their price objective on Colgate-Palmolive from $98.00 to $88.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.00.

Colgate-Palmolive Stock Performance

CL stock opened at $78.32 on Monday. The company has a debt-to-equity ratio of 5.90, a current ratio of 0.93 and a quick ratio of 0.60. Colgate-Palmolive Company has a 1 year low of $74.54 and a 1 year high of $100.18. The company has a market cap of $63.13 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 5.58 and a beta of 0.30. The stock’s fifty day moving average price is $78.23 and its 200-day moving average price is $83.47.

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

Colgate-Palmolive Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Wednesday, January 21st will be issued a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 58.26%.

Colgate-Palmolive 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.