Colgate-Palmolive Company $CL Shares Sold by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd trimmed its stake in Colgate-Palmolive Company (NYSE:CL) by 6.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 418,440 shares of the company’s stock after selling 29,662 shares during the quarter. JARISLOWSKY FRASER Ltd’s holdings in Colgate-Palmolive were worth $33,450,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of CL. Fulton Bank N.A. boosted its stake in Colgate-Palmolive by 10.2% in the 3rd quarter. Fulton Bank N.A. now owns 3,733 shares of the company’s stock worth $298,000 after purchasing an additional 344 shares during the period. GAM Holding AG purchased a new position in shares of Colgate-Palmolive during the third quarter valued at $390,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in Colgate-Palmolive by 37.0% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,491 shares of the company’s stock valued at $359,000 after buying an additional 1,212 shares during the period. SJS Investment Consulting Inc. lifted its stake in Colgate-Palmolive by 233.2% in the 3rd quarter. SJS Investment Consulting Inc. now owns 733 shares of the company’s stock worth $59,000 after acquiring an additional 513 shares in the last quarter. Finally, SteelPeak Wealth LLC acquired a new stake in Colgate-Palmolive during the 3rd quarter worth about $460,000. 80.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CL shares. Raymond James Financial dropped their target price on Colgate-Palmolive from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. The Goldman Sachs Group dropped their price objective on shares of Colgate-Palmolive from $106.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 2nd. Wells Fargo & Company decreased their target price on shares of Colgate-Palmolive from $80.00 to $77.00 and set an “underweight” rating for the company in a research note on Monday, November 3rd. Evercore ISI dropped their price target on shares of Colgate-Palmolive from $100.00 to $94.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Finally, Argus reiterated a “hold” rating on shares of Colgate-Palmolive in a report on Thursday, December 11th. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Colgate-Palmolive currently has an average rating of “Moderate Buy” and an average price target of $88.81.

Colgate-Palmolive Trading Down 1.7%

Shares of NYSE CL opened at $77.66 on Friday. The company’s 50 day simple moving average is $78.53 and its 200 day simple moving average is $82.32. The firm has a market capitalization of $62.60 billion, a P/E ratio of 21.75, a P/E/G ratio of 5.35 and a beta of 0.30. The company has a debt-to-equity ratio of 5.90, a current ratio of 0.93 and a quick ratio of 0.60. Colgate-Palmolive Company has a fifty-two week low of $74.54 and a fifty-two week high of $100.18.

Colgate-Palmolive (NYSE:CL) last issued its earnings results on Friday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.02. The firm had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.17 billion. Colgate-Palmolive had a return on equity of 333.39% and a net margin of 14.47%.The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share. On average, analysts predict that Colgate-Palmolive Company will post 3.75 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Wednesday, January 21st will be given 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 of this dividend is Wednesday, January 21st. Colgate-Palmolive’s dividend payout ratio (DPR) is currently 58.26%.

Colgate-Palmolive Company Profile

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.