Colgate-Palmolive Company $CL Shares Sold by Stonehage Fleming Financial Services Holdings Ltd

Key Points

• Stonehage Fleming Financial Services Holdings Ltd reduced its holdings in Colgate-Palmolive by 64.8% in the second quarter, owning 374,489 shares after selling 688,849 shares.
• Several analysts adjusted their price targets for Colgate-Palmolive, with Deutsche Bank setting it at $86.00 and JPMorgan Chase reducing their target from $95.00 to $88.00.
• Colgate-Palmolive recently announced a quarterly dividend of $0.52 per share, which will be paid on November 14th, representing an annualized yield of 2.7%.

Stonehage Fleming Financial Services Holdings Ltd lessened its holdings in shares of Colgate-Palmolive Company (NYSE:CL - Free Report) by 64.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 374,489 shares of the company's stock after selling 688,849 shares during the quarter. Colgate-Palmolive comprises approximately 1.0% of Stonehage Fleming Financial Services Holdings Ltd's holdings, making the stock its 18th largest position. Stonehage Fleming Financial Services Holdings Ltd's holdings in Colgate-Palmolive were worth $34,041,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Westend Capital Management LLC boosted its position in Colgate-Palmolive by 111.1% during the 1st quarter. Westend Capital Management LLC now owns 266 shares of the company's stock worth $25,000 after acquiring an additional 140 shares during the period. Cornerstone Planning Group LLC boosted its position in Colgate-Palmolive by 1,913.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 302 shares of the company's stock worth $28,000 after acquiring an additional 287 shares during the period. Saudi Central Bank acquired a new stake in shares of Colgate-Palmolive in the first quarter valued at $29,000. Ransom Advisory Ltd acquired a new stake in shares of Colgate-Palmolive in the first quarter valued at $33,000. Finally, Y.D. More Investments Ltd acquired a new stake in shares of Colgate-Palmolive in the first quarter valued at $37,000. Institutional investors and hedge funds own 80.41% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CL shares. Deutsche Bank Aktiengesellschaft set a $86.00 price objective on Colgate-Palmolive in a report on Friday. JPMorgan Chase & Co. cut their price objective on Colgate-Palmolive from $95.00 to $88.00 and set an "overweight" rating for the company in a report on Friday. Wells Fargo & Company cut their price objective on Colgate-Palmolive from $83.00 to $80.00 and set an "underweight" rating for the company in a report on Thursday, September 25th. Barclays cut their price objective on Colgate-Palmolive from $87.00 to $82.00 and set an "equal weight" rating for the company in a report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Colgate-Palmolive in a research report on Wednesday. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Colgate-Palmolive presently has a consensus rating of "Moderate Buy" and an average target price of $92.21.

Colgate-Palmolive Stock Up 0.2%

Shares of Colgate-Palmolive stock opened at $77.99 on Friday. The stock's fifty day moving average is $82.56 and its 200-day moving average is $87.88. The firm has a market capitalization of $63.03 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 4.29 and a beta of 0.34. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 6.79. Colgate-Palmolive Company has a 12-month low of $77.09 and a 12-month high of $102.61.

Colgate-Palmolive (NYSE:CL - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5.03 billion. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%.Colgate-Palmolive's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 earnings per share. Equities analysts anticipate that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

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

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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