Colgate-Palmolive Company (NYSE:CL) Shares Acquired by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC lifted its position in shares of Colgate-Palmolive Company (NYSE:CL) by 4.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 9,463 shares of the company’s stock after purchasing an additional 418 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Colgate-Palmolive were worth $887,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Personal CFO Solutions LLC acquired a new stake in Colgate-Palmolive in the 1st quarter valued at $285,000. Aviva PLC increased its holdings in Colgate-Palmolive by 13.4% in the 4th quarter. Aviva PLC now owns 973,421 shares of the company’s stock valued at $88,494,000 after purchasing an additional 114,855 shares in the last quarter. Vision Capital Management Inc. acquired a new stake in Colgate-Palmolive in the 1st quarter valued at $322,000. Autumn Glory Partners LLC increased its holdings in Colgate-Palmolive by 67.4% in the 1st quarter. Autumn Glory Partners LLC now owns 8,905 shares of the company’s stock valued at $851,000 after purchasing an additional 3,586 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new stake in Colgate-Palmolive in the 1st quarter valued at $2,166,000. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Colgate-Palmolive Stock Performance

Shares of CL stock opened at $83.81 on Friday. The company has a debt-to-equity ratio of 8.96, a quick ratio of 0.54 and a current ratio of 0.85. Colgate-Palmolive Company has a one year low of $83.53 and a one year high of $109.30. The company’s 50-day simple moving average is $89.77 and its 200-day simple moving average is $90.31. The stock has a market capitalization of $67.92 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 4.42 and a beta of 0.37.

Colgate-Palmolive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 58.76%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen downgraded Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their price objective on shares of Colgate-Palmolive from $103.00 to $99.00 and set an “overweight” rating for the company in a research report on Friday, July 25th. Barclays upped their price objective on shares of Colgate-Palmolive from $86.00 to $87.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 15th. Citigroup upped their price objective on shares of Colgate-Palmolive from $103.00 to $108.00 and gave the company a “buy” rating in a research report on Monday, April 28th. Finally, UBS Group decreased their price objective on shares of Colgate-Palmolive from $109.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Colgate-Palmolive has an average rating of “Hold” and an average price target of $100.58.

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.