Colgate-Palmolive Company $CL Shares Acquired by Winnow Wealth LLC

Winnow Wealth LLC boosted its position in Colgate-Palmolive Company (NYSE:CLFree Report) by 4,796.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,731 shares of the company’s stock after acquiring an additional 12,471 shares during the quarter. Winnow Wealth LLC’s holdings in Colgate-Palmolive were worth $1,018,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its holdings in Colgate-Palmolive by 85.5% in the second quarter. Westside Investment Management Inc. now owns 282 shares of the company’s stock valued at $26,000 after buying an additional 130 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in shares of Colgate-Palmolive by 86.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 335 shares of the company’s stock worth $30,000 after acquiring an additional 155 shares in the last quarter. Copia Wealth Management purchased a new position in shares of Colgate-Palmolive in the 3rd quarter valued at about $29,000. Cloud Capital Management LLC acquired a new stake in shares of Colgate-Palmolive during the 3rd quarter worth about $30,000. Finally, MTM Investment Management LLC purchased a new stake in Colgate-Palmolive during the second quarter worth approximately $39,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

Colgate-Palmolive Stock Performance

NYSE CL opened at $90.28 on Friday. The company has a fifty day moving average of $80.77 and a 200-day moving average of $81.43. Colgate-Palmolive Company has a 52-week low of $74.54 and a 52-week high of $100.18. The company has a debt-to-equity ratio of 5.90, a quick ratio of 0.60 and a current ratio of 0.93. The company has a market capitalization of $72.77 billion, a P/E ratio of 25.29, a P/E/G ratio of 5.74 and a beta of 0.30.

Colgate-Palmolive (NYSE:CLGet Free Report) last announced its quarterly earnings data on Friday, January 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $5.23 billion for the quarter, compared to analysts’ expectations of $5.13 billion. Colgate-Palmolive had a return on equity of 333.39% and a net margin of 14.47%.Colgate-Palmolive’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.91 EPS. As a group, equities research analysts predict that Colgate-Palmolive Company will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, January 21st. Colgate-Palmolive’s dividend payout ratio is currently 58.26%.

Analyst Upgrades and Downgrades

CL has been the topic of a number of research analyst reports. Bank of America cut their price objective on shares of Colgate-Palmolive from $98.00 to $88.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Wells Fargo & Company set a $86.00 price target on shares of Colgate-Palmolive and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Morgan Stanley dropped their price objective on Colgate-Palmolive from $96.00 to $87.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Colgate-Palmolive in a research report on Wednesday, January 21st. Finally, Raymond James Financial dropped their price target on Colgate-Palmolive from $105.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $90.13.

Read Our Latest Stock Analysis on CL

More Colgate-Palmolive News

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Colgate-Palmolive Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Colgate-Palmolive (NYSE:CL)

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