Colgate-Palmolive (NYSE:CL) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in shares of Colgate-Palmolive (NYSE:CL) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,936 shares of the company’s stock after purchasing an additional 139 shares during the period. Intech Investment Management LLC’s holdings in Colgate-Palmolive were worth $8,630,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CL. Gryphon Financial Partners LLC acquired a new stake in shares of Colgate-Palmolive during the fourth quarter worth $225,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Colgate-Palmolive by 6.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 184,902 shares of the company’s stock valued at $14,739,000 after acquiring an additional 10,589 shares in the last quarter. TCW Group Inc. purchased a new position in Colgate-Palmolive during the fourth quarter worth about $1,428,000. Team Hewins LLC acquired a new stake in Colgate-Palmolive in the fourth quarter valued at about $374,000. Finally, Orion Portfolio Solutions LLC boosted its holdings in Colgate-Palmolive by 13.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 50,526 shares of the company’s stock valued at $4,062,000 after purchasing an additional 5,888 shares in the last quarter. Institutional investors and hedge funds own 80.41% of the company’s stock.

Insider Activity

In other news, Director Martina Hundmejean sold 2,313 shares of Colgate-Palmolive stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $103.86, for a total value of $240,228.18. Following the completion of the sale, the director now owns 11,755 shares of the company’s stock, valued at $1,220,874.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Martina Hundmejean sold 2,313 shares of Colgate-Palmolive stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $103.86, for a total value of $240,228.18. Following the completion of the sale, the director now owns 11,755 shares of the company’s stock, valued at $1,220,874.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Panagiotis Tsourapas sold 14,794 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $102.94, for a total value of $1,522,894.36. Following the sale, the insider now directly owns 5,146 shares of the company’s stock, valued at approximately $529,729.24. The disclosure for this sale can be found here. Insiders sold a total of 43,490 shares of company stock valued at $4,486,063 over the last quarter. Company insiders own 0.34% of the company’s stock.

Colgate-Palmolive Stock Performance

Colgate-Palmolive stock opened at $103.03 on Friday. The company has a debt-to-equity ratio of 16.90, a quick ratio of 0.70 and a current ratio of 1.06. The stock has a fifty day moving average of $102.71 and a two-hundred day moving average of $95.76. The company has a market capitalization of $84.53 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 3.72 and a beta of 0.40. Colgate-Palmolive has a fifty-two week low of $67.62 and a fifty-two week high of $109.30.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings results on Friday, July 26th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The company had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5 billion. Colgate-Palmolive had a return on equity of 470.19% and a net margin of 14.21%. Colgate-Palmolive’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 earnings per share. On average, analysts anticipate that Colgate-Palmolive will post 3.57 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Friday, October 18th. Colgate-Palmolive’s dividend payout ratio is currently 63.29%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CL. Morgan Stanley increased their target price on Colgate-Palmolive from $103.00 to $111.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. BNP Paribas assumed coverage on Colgate-Palmolive in a report on Monday, June 24th. They issued an “outperform” rating and a $109.00 price target for the company. UBS Group raised their price target on Colgate-Palmolive from $119.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Hsbc Global Res cut Colgate-Palmolive from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, TD Cowen raised their price target on Colgate-Palmolive from $110.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $102.79.

About Colgate-Palmolive

Colgate-Palmolive Company, together with its subsidiaries, manufactures and sells consumer products in the United States and internationally. It operates through two segments: Oral, Personal and Home Care; and Pet Nutrition. The Oral, Personal and Home Care segment offers toothpaste, toothbrushes, mouthwash, bar and liquid hand soaps, shower gels, shampoos, conditioners, deodorants and antiperspirants, skin health products, dishwashing detergents, fabric conditioners, household cleaners, and other related items.