Sumitomo Mitsui Trust Group Inc. Has $154.68 Million Position in Colgate-Palmolive Company $CL

Sumitomo Mitsui Trust Group Inc. lessened its stake in Colgate-Palmolive Company (NYSE:CL) by 3.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,814,793 shares of the company’s stock after selling 63,595 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Colgate-Palmolive were worth $154,675,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CL. Isthmus Partners LLC increased its stake in shares of Colgate-Palmolive by 3.8% in the 1st quarter. Isthmus Partners LLC now owns 145,620 shares of the company’s stock valued at $12,411,000 after buying an additional 5,273 shares during the period. Personal CFO Solutions LLC raised its position in shares of Colgate-Palmolive by 16.5% during the first quarter. Personal CFO Solutions LLC now owns 3,122 shares of the company’s stock worth $266,000 after acquiring an additional 443 shares during the last quarter. CFS Investment Advisory Services LLC lifted its stake in shares of Colgate-Palmolive by 1.7% during the first quarter. CFS Investment Advisory Services LLC now owns 12,004 shares of the company’s stock valued at $1,030,000 after acquiring an additional 201 shares during the period. Staley Capital Advisers Inc. bought a new position in Colgate-Palmolive in the first quarter valued at about $213,000. Finally, Frank Rimerman Advisors LLC boosted its holdings in Colgate-Palmolive by 0.9% in the first quarter. Frank Rimerman Advisors LLC now owns 19,733 shares of the company’s stock valued at $1,682,000 after acquiring an additional 176 shares during the last quarter. Institutional investors and hedge funds own 80.41% of the company’s stock.

Analyst Upgrades and Downgrades

CL has been the subject of several recent research reports. Wall Street Zen cut Colgate-Palmolive from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. JPMorgan Chase & Co. raised their target price on shares of Colgate-Palmolive from $95.00 to $96.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Bank of America lowered their price target on shares of Colgate-Palmolive from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, April 10th. UBS Group boosted their price target on shares of Colgate-Palmolive from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $102.00 price objective on shares of Colgate-Palmolive in a report on Monday, May 4th. Twelve research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Colgate-Palmolive currently has an average rating of “Moderate Buy” and a consensus target price of $96.29.

Colgate-Palmolive Trading Down 2.3%

CL opened at $90.91 on Friday. The firm’s fifty day moving average is $89.75 and its two-hundred day moving average is $88.07. The company has a debt-to-equity ratio of 16.33, a quick ratio of 0.67 and a current ratio of 1.02. The firm has a market cap of $72.74 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 4.91 and a beta of 0.33. Colgate-Palmolive Company has a twelve month low of $74.54 and a twelve month high of $99.33.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.03. Colgate-Palmolive had a net margin of 10.04% and a return on equity of 386.76%. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. Equities research analysts anticipate that Colgate-Palmolive Company will post 3.81 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, July 20th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Monday, July 20th. Colgate-Palmolive’s payout ratio is presently 82.49%.

Colgate-Palmolive 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.