ORG Partners LLC Buys 144 Shares of Colgate-Palmolive Company $CL

ORG Partners LLC increased its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,152 shares of the company’s stock after purchasing an additional 144 shares during the quarter. ORG Partners LLC’s holdings in Colgate-Palmolive were worth $199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Westend Capital Management LLC lifted its holdings in shares of Colgate-Palmolive by 111.1% in the 1st quarter. Westend Capital Management LLC now owns 266 shares of the company’s stock worth $25,000 after acquiring an additional 140 shares during the last quarter. Cornerstone Planning Group LLC raised its position in Colgate-Palmolive by 1,913.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 302 shares of the company’s stock worth $28,000 after purchasing an additional 287 shares during the period. Saudi Central Bank purchased a new stake in Colgate-Palmolive in the 1st quarter worth about $29,000. Ransom Advisory Ltd bought a new position in shares of Colgate-Palmolive during the first quarter valued at approximately $33,000. Finally, Y.D. More Investments Ltd bought a new position in shares of Colgate-Palmolive during the first quarter valued at approximately $37,000. 80.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CL shares. Barclays boosted their price objective on Colgate-Palmolive from $86.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday, July 15th. Morgan Stanley decreased their target price on Colgate-Palmolive from $104.00 to $96.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Wells Fargo & Company reduced their price target on shares of Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating on the stock in a research note on Thursday. UBS Group reduced their price target on shares of Colgate-Palmolive from $109.00 to $106.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Finally, Citigroup dropped their target price on shares of Colgate-Palmolive from $108.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $97.73.

Colgate-Palmolive Stock Performance

Shares of Colgate-Palmolive stock opened at $79.57 on Monday. 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 Company has a 12 month low of $78.76 and a 12 month high of $104.16. The stock’s fifty day moving average price is $84.19 and its 200-day moving average price is $88.69. The firm has a market cap of $64.31 billion, a P/E ratio of 22.35, a P/E/G ratio of 4.14 and a beta of 0.35.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the prior year, the company earned $0.91 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts expect that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 17th will be issued a $0.52 dividend. The ex-dividend date is Friday, October 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.6%. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 58.43%.

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.