Colgate-Palmolive Company $CL Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its position in shares of Colgate-Palmolive Company (NYSE:CL) by 19.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,773 shares of the company’s stock after acquiring an additional 10,434 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Colgate-Palmolive were worth $5,521,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its position in shares of Colgate-Palmolive by 35.3% during the fourth quarter. Teacher Retirement System of Texas now owns 469,624 shares of the company’s stock worth $37,110,000 after acquiring an additional 122,634 shares during the period. GAMMA Investing LLC boosted its holdings in Colgate-Palmolive by 114.2% in the fourth quarter. GAMMA Investing LLC now owns 23,329 shares of the company’s stock valued at $1,843,000 after purchasing an additional 12,437 shares during the period. Avior Wealth Management LLC acquired a new position in Colgate-Palmolive during the 4th quarter worth $1,135,000. Flputnam Investment Management Co. increased its holdings in Colgate-Palmolive by 7.4% during the 4th quarter. Flputnam Investment Management Co. now owns 200,972 shares of the company’s stock worth $15,881,000 after purchasing an additional 13,804 shares during the period. Finally, Destination Wealth Management increased its holdings in Colgate-Palmolive by 3.2% during the 3rd quarter. Destination Wealth Management now owns 528,099 shares of the company’s stock worth $42,216,000 after purchasing an additional 16,226 shares during the period. Institutional investors and hedge funds own 80.41% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $102.00 target price on shares of Colgate-Palmolive in a research note on Monday, May 4th. Wells Fargo & Company boosted their price target on shares of Colgate-Palmolive from $92.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday. Rothschild & Co Redburn set a $100.00 price objective on shares of Colgate-Palmolive and gave the company a “buy” rating in a research report on Tuesday, April 21st. Wall Street Zen cut Colgate-Palmolive from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Finally, Sanford C. Bernstein assumed coverage on Colgate-Palmolive in a research note on Thursday, June 11th. They set a “market perform” rating and a $96.00 target price for the company. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.29.

Colgate-Palmolive Trading Up 0.1%

Shares of Colgate-Palmolive stock opened at $92.31 on Monday. The firm has a market cap of $73.86 billion, a price-to-earnings ratio of 35.92, a price-to-earnings-growth ratio of 4.86 and a beta of 0.33. Colgate-Palmolive Company has a 52-week low of $74.54 and a 52-week high of $99.33. The company’s 50-day simple moving average is $89.91 and its 200-day simple moving average is $88.17. The company has a quick ratio of 0.67, a current ratio of 1.02 and a debt-to-equity ratio of 16.33.

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

Colgate-Palmolive Announces Dividend

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

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.