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

Key Points

• Sequoia Financial Advisors LLC increased its stake in Colgate-Palmolive by 18.6%, owning 30,273 shares valued at approximately $2.75 million as of the latest filing with the SEC.
• Colgate-Palmolive reported $0.92 EPS for the last quarter, exceeding estimates by $0.03, with revenue of $5.11 billion, showing a 1.0% increase from the previous year.
• The company announced a quarterly dividend of $0.52 per share, set to be paid on November 14th, with a current dividend yield of 2.7%.

Sequoia Financial Advisors LLC boosted its stake in shares of Colgate-Palmolive Company (NYSE:CL - Free Report) by 18.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,273 shares of the company's stock after buying an additional 4,738 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Colgate-Palmolive were worth $2,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Colgate-Palmolive by 0.6% during the first quarter. Vanguard Group Inc. now owns 81,758,257 shares of the company's stock worth $7,660,749,000 after buying an additional 455,198 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Colgate-Palmolive by 18.3% during the 1st 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. Goldman Sachs Group Inc. raised its stake 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 worth $747,762,000 after buying an additional 2,045,191 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Colgate-Palmolive by 3.7% during the 1st quarter. Deutsche Bank AG now owns 7,176,598 shares of the company's stock worth $672,447,000 after buying an additional 253,604 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Colgate-Palmolive by 2.6% during the 1st quarter. Ameriprise Financial Inc. now owns 6,976,654 shares of the company's stock worth $653,761,000 after buying an additional 177,833 shares during the last quarter. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Colgate-Palmolive Trading Down 0.9%

NYSE CL opened at $77.67 on Thursday. Colgate-Palmolive Company has a 12 month low of $76.68 and a 12 month high of $101.89. The company has a 50-day moving average of $82.20 and a 200-day moving average of $87.60. The company has a debt-to-equity ratio of 6.79, a current ratio of 0.89 and a quick ratio of 0.57. The company has a market cap of $62.77 billion, a P/E ratio of 21.82, a P/E/G ratio of 4.60 and a beta of 0.34.

Colgate-Palmolive (NYSE:CL - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates 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 company posted $0.91 EPS. The company's quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts predict that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 17th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. Colgate-Palmolive's dividend payout ratio is currently 58.43%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wells Fargo & Company cut their price target on Colgate-Palmolive from $83.00 to $80.00 and set an "underweight" rating for the company in a research note on Thursday, September 25th. Deutsche Bank Aktiengesellschaft set a $86.00 price target on Colgate-Palmolive in a research note on Friday, October 10th. The Goldman Sachs Group cut their target price on shares of Colgate-Palmolive from $106.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, October 2nd. UBS Group cut their target price on shares of Colgate-Palmolive from $99.00 to $92.00 and set a "buy" rating for the company in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of Colgate-Palmolive from $95.00 to $88.00 and set an "overweight" rating for the company in a research note on Friday, October 10th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Colgate-Palmolive presently has an average rating of "Moderate Buy" and a consensus price target of $92.21.

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.

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