Pure Financial Advisors LLC Grows Position in Colgate-Palmolive Company $CL

Pure Financial Advisors LLC grew its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 30.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 10,327 shares of the company’s stock after acquiring an additional 2,385 shares during the quarter. Pure Financial Advisors LLC’s holdings in Colgate-Palmolive were worth $939,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Personal CFO Solutions LLC purchased a new stake in shares of Colgate-Palmolive in the first quarter valued at $285,000. Vision Capital Management Inc. purchased a new stake in shares of Colgate-Palmolive in the first quarter valued at $322,000. Autumn Glory Partners LLC grew its position in shares of Colgate-Palmolive by 67.4% in the first 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 during the period. Financial Gravity Asset Management Inc. purchased a new stake in shares of Colgate-Palmolive in the first quarter valued at $2,166,000. Finally, Penserra Capital Management LLC grew its position in shares of Colgate-Palmolive by 398.6% in the first 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 period. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Colgate-Palmolive from $99.00 to $95.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Morgan Stanley lowered their price objective 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 lowered their price target on Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating for the company in a research report on Thursday, September 25th. Citigroup lowered their price target on Colgate-Palmolive from $108.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, August 4th. Finally, UBS Group lowered their price target on Colgate-Palmolive from $109.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Colgate-Palmolive currently has a consensus rating of “Moderate Buy” and an average target price of $96.75.

Colgate-Palmolive Price Performance

CL stock opened at $78.30 on Friday. The stock has a 50-day moving average price of $83.49 and a two-hundred day moving average price of $88.41. The company has a market cap of $63.28 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 4.11 and a beta of 0.34. Colgate-Palmolive Company has a 12-month low of $78.18 and a 12-month high of $102.61. 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 issued its quarterly earnings data on Friday, August 1st. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%.The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. As a group, research analysts predict that Colgate-Palmolive Company will post 3.75 EPS 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 paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, October 17th. Colgate-Palmolive’s payout ratio is currently 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.