Banque Transatlantique SA Acquires 8,597 Shares of Colgate-Palmolive Company $CL

Key Points

• Banque Transatlantique SA significantly increased its holdings in Colgate-Palmolive Company by acquiring an additional 8,597 shares, raising its total ownership to 8,842 shares, valued at $766,000.
• Colgate-Palmolive reported earnings of $0.92 per share for the last quarter, surpassing analyst expectations, with total revenue reaching $5.11 billion.
• The company also declared a quarterly dividend of $0.52 per share, with an annualized yield of 2.5%, indicating a healthy dividend payout ratio of 58.43%.

Banque Transatlantique SA lifted its position in shares of Colgate-Palmolive Company (NYSE:CL - Free Report) by 3,509.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,842 shares of the company's stock after acquiring an additional 8,597 shares during the quarter. Banque Transatlantique SA's holdings in Colgate-Palmolive were worth $766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CL. Price T Rowe Associates Inc. MD raised its stake in shares of Colgate-Palmolive by 18.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,009,078 shares of the company's stock worth $3,186,651,000 after buying an additional 5,269,140 shares during the last quarter. Nuveen LLC acquired a new stake in Colgate-Palmolive during the 1st quarter worth $217,593,000. Goldman Sachs Group Inc. raised its position in shares of Colgate-Palmolive by 34.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,980,387 shares of the company's stock valued at $747,762,000 after acquiring an additional 2,045,191 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Colgate-Palmolive by 35.6% in the 4th quarter. Deutsche Bank AG now owns 6,922,994 shares of the company's stock valued at $629,369,000 after purchasing an additional 1,816,865 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its stake in shares of Colgate-Palmolive by 45.0% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 5,562,968 shares of the company's stock valued at $521,250,000 after purchasing an additional 1,727,105 shares during the period. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Colgate-Palmolive Stock Up 0.2%

NYSE CL traded up $0.19 during trading hours on Tuesday, reaching $84.38. 1,069,710 shares of the company's stock were exchanged, compared to its average volume of 5,187,945. The company has a debt-to-equity ratio of 6.79, a quick ratio of 0.57 and a current ratio of 0.89. The company has a market capitalization of $68.20 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 4.43 and a beta of 0.35. The company's 50-day moving average is $86.61 and its two-hundred day moving average is $89.73. Colgate-Palmolive Company has a one year low of $82.40 and a one year high of $107.76.

Colgate-Palmolive (NYSE:CL - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. The company had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The firm's revenue was up 1.0% compared to the same quarter last year. On average, analysts forecast that Colgate-Palmolive Company will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. Colgate-Palmolive's dividend payout ratio (DPR) is currently 58.43%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CL. JPMorgan Chase & Co. dropped their price objective on Colgate-Palmolive from $99.00 to $95.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Morgan Stanley decreased their target price on Colgate-Palmolive from $104.00 to $96.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Wells Fargo & Company cut their price target on shares of Colgate-Palmolive from $88.00 to $83.00 and set an "underweight" rating on the stock in a research report on Monday, August 4th. Barclays boosted their price objective on shares of Colgate-Palmolive from $86.00 to $87.00 and gave the company an "equal weight" rating in a report on Tuesday, July 15th. Finally, Citigroup lowered their target price on shares of Colgate-Palmolive from $108.00 to $105.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Colgate-Palmolive currently has an average rating of "Moderate Buy" and a consensus target price of $98.00.

Colgate-Palmolive Profile

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.