Colgate-Palmolive Company $CL Position Raised by Bank of Jackson Hole Trust

Bank of Jackson Hole Trust raised its stake in Colgate-Palmolive Company (NYSE:CL) by 21.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,197 shares of the company’s stock after buying an additional 215 shares during the quarter. Bank of Jackson Hole Trust’s holdings in Colgate-Palmolive were worth $109,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its stake in Colgate-Palmolive by 1,913.3% in the first quarter. Cornerstone Planning Group LLC now owns 302 shares of the company’s stock valued at $28,000 after buying an additional 287 shares during the last quarter. Saudi Central Bank bought a new stake in Colgate-Palmolive in the first quarter valued at $29,000. Ransom Advisory Ltd bought a new stake in Colgate-Palmolive in the first quarter valued at $33,000. Y.D. More Investments Ltd bought a new stake in Colgate-Palmolive in the first quarter valued at $37,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Colgate-Palmolive in the first quarter valued at $37,000. 80.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CL. Morgan Stanley reduced their price target 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. JPMorgan Chase & Co. reduced their price target on Colgate-Palmolive from $95.00 to $88.00 and set an “overweight” rating for the company in a research report on Friday, October 10th. Citigroup reduced 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. Raymond James Financial reduced their price target on Colgate-Palmolive from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft set a $86.00 price target on Colgate-Palmolive in a research report on Friday, October 10th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.50.

Colgate-Palmolive Trading Down 2.0%

Shares of Colgate-Palmolive stock opened at $75.61 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 6.79. The firm has a market cap of $61.11 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 4.53 and a beta of 0.34. The business has a fifty day simple moving average of $80.82 and a 200-day simple moving average of $86.58. Colgate-Palmolive Company has a fifty-two week low of $75.38 and a fifty-two week high of $100.18.

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

Colgate-Palmolive Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 17th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 17th. Colgate-Palmolive’s dividend payout ratio 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.