Colgate-Palmolive Company $CL Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. cut its position in shares of Colgate-Palmolive Company (NYSE:CL) by 89.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,248 shares of the company’s stock after selling 26,837 shares during the quarter. Hilltop Holdings Inc.’s holdings in Colgate-Palmolive were worth $277,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Morningstar Investment Management LLC grew its stake in Colgate-Palmolive by 29.0% in the 1st quarter. Morningstar Investment Management LLC now owns 65,023 shares of the company’s stock worth $5,542,000 after acquiring an additional 14,607 shares during the period. Compound Planning Inc. lifted its stake in shares of Colgate-Palmolive by 7.2% during the 1st quarter. Compound Planning Inc. now owns 22,435 shares of the company’s stock worth $1,912,000 after purchasing an additional 1,507 shares during the period. Klingman & Associates LLC boosted its holdings in shares of Colgate-Palmolive by 4.8% during the first quarter. Klingman & Associates LLC now owns 4,118 shares of the company’s stock worth $351,000 after purchasing an additional 188 shares during the last quarter. Modern Wealth Management LLC boosted its holdings in shares of Colgate-Palmolive by 11.3% during the first quarter. Modern Wealth Management LLC now owns 6,674 shares of the company’s stock worth $570,000 after purchasing an additional 678 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Colgate-Palmolive by 2.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,584,998 shares of the company’s stock valued at $476,009,000 after purchasing an additional 124,369 shares during the period. Institutional investors and hedge funds own 80.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Weiss Ratings upgraded Colgate-Palmolive from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. TD Cowen restated a “hold” rating and issued a $85.00 price target on shares of Colgate-Palmolive in a report on Tuesday, March 31st. JPMorgan Chase & Co. upped their price objective on shares of Colgate-Palmolive from $96.00 to $104.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Citigroup raised their target price on shares of Colgate-Palmolive from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Colgate-Palmolive in a research report on Monday, May 4th. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $97.82.

Colgate-Palmolive Price Performance

CL stock opened at $92.87 on Wednesday. The company has a market cap of $74.32 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 4.84 and a beta of 0.33. The company has a current ratio of 1.02, a quick ratio of 0.67 and a debt-to-equity ratio of 16.33. The stock has a 50-day moving average price of $90.87 and a two-hundred day moving average price of $89.26. Colgate-Palmolive Company has a 12-month low of $74.54 and a 12-month high of $99.33.

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

Colgate-Palmolive Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, July 20th will be given a dividend of $0.53 per share. 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 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.