Secured Retirement Advisors LLC Raises Position in Colgate-Palmolive Company $CL

Secured Retirement Advisors LLC boosted its stake in Colgate-Palmolive Company (NYSE:CL) by 4.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,318 shares of the company’s stock after buying an additional 912 shares during the quarter. Colgate-Palmolive makes up 1.2% of Secured Retirement Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Secured Retirement Advisors LLC’s holdings in Colgate-Palmolive were worth $1,938,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CL. Brighton Jones LLC raised its holdings 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 valued at $962,000 after purchasing an additional 450 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in Colgate-Palmolive by 3.5% in the 1st quarter. Miracle Mile Advisors LLC now owns 12,651 shares of the company’s stock valued at $1,185,000 after buying an additional 429 shares during the last quarter. OLD National Bancorp IN increased its position in shares of Colgate-Palmolive by 2.2% during the 1st quarter. OLD National Bancorp IN now owns 7,859 shares of the company’s stock valued at $736,000 after purchasing an additional 171 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Colgate-Palmolive by 15.7% during the 1st quarter. Park Avenue Securities LLC now owns 9,989 shares of the company’s stock worth $936,000 after purchasing an additional 1,356 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its position in Colgate-Palmolive by 5.6% in the first quarter. First Citizens Bank & Trust Co. now owns 11,173 shares of the company’s stock worth $1,047,000 after buying an additional 593 shares during the last quarter. 80.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CL. Barclays cut their price objective on shares of Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. Citigroup lowered their price objective on shares of Colgate-Palmolive from $108.00 to $105.00 and set a “buy” rating for the company in a report on Monday, August 4th. The Goldman Sachs Group lowered their price target on Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 2nd. Morgan Stanley reduced 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Colgate-Palmolive in a research note on Saturday, September 27th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $94.83.

Colgate-Palmolive Stock Performance

NYSE CL opened at $78.99 on Wednesday. The company has a debt-to-equity ratio of 6.79, a quick ratio of 0.57 and a current ratio of 0.89. The firm has a market capitalization of $63.84 billion, a P/E ratio of 22.19, a PEG ratio of 4.03 and a beta of 0.34. The stock has a 50-day simple moving average of $82.95 and a two-hundred day simple moving average of $88.15. Colgate-Palmolive Company has a fifty-two week low of $77.09 and a fifty-two week high of $102.61.

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

Colgate-Palmolive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 17th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 17th. Colgate-Palmolive’s payout ratio is 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.