Colgate-Palmolive Company (NYSE:CL) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp reduced its stake in Colgate-Palmolive by 1.5%, now holding 952,747 shares valued at approximately $89.27 million.
• Colgate-Palmolive reported earnings of $0.92 per share for the last quarter, exceeding analysts' expectations, and its revenue reached $5.11 billion.
• The company announced a quarterly dividend of $0.52, resulting in an annualized dividend of $2.08 and a dividend yield of 2.5%.

Mitsubishi UFJ Trust & Banking Corp cut its stake in Colgate-Palmolive Company (NYSE:CL - Free Report) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 952,747 shares of the company's stock after selling 14,586 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.12% of Colgate-Palmolive worth $89,272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CL. Brighton Jones LLC raised its position in Colgate-Palmolive by 4.4% during the 4th quarter. Brighton Jones LLC now owns 10,578 shares of the company's stock worth $962,000 after buying an additional 450 shares during the last quarter. Bernard Wealth Management Corp. purchased a new position in shares of Colgate-Palmolive during the 4th quarter valued at approximately $36,000. World Investment Advisors increased its holdings in shares of Colgate-Palmolive by 30.9% during the 4th quarter. World Investment Advisors now owns 9,487 shares of the company's stock valued at $862,000 after purchasing an additional 2,239 shares in the last quarter. Pitcairn Co. increased its holdings in shares of Colgate-Palmolive by 3.5% during the 4th quarter. Pitcairn Co. now owns 10,752 shares of the company's stock valued at $977,000 after purchasing an additional 364 shares in the last quarter. Finally, Wescott Financial Advisory Group LLC increased its holdings in shares of Colgate-Palmolive by 3.5% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 3,517 shares of the company's stock valued at $320,000 after purchasing an additional 119 shares in the last quarter. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Colgate-Palmolive Price Performance

CL traded down $0.34 on Friday, hitting $83.51. 9,606,667 shares of the company's stock were exchanged, compared to its average volume of 4,901,203. Colgate-Palmolive Company has a fifty-two week low of $82.70 and a fifty-two week high of $109.30. The company has a current ratio of 0.43, a quick ratio of 0.28 and a debt-to-equity ratio of 8.96. The firm has a 50-day moving average price of $89.59 and a 200-day moving average price of $90.31. The stock has a market cap of $67.68 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 4.31 and a beta of 0.35.

Colgate-Palmolive (NYSE:CL - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations of $5.03 billion. During the same quarter in the previous year, the company posted $0.91 EPS. The firm's quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities analysts anticipate that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, July 18th. Colgate-Palmolive's payout ratio is 58.76%.

Analyst Ratings Changes

Several research firms have recently weighed in on CL. Barclays lifted their target price 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. JPMorgan Chase & Co. cut their target price on shares of Colgate-Palmolive from $103.00 to $99.00 and set an "overweight" rating for the company in a report on Friday, July 25th. Wall Street Zen lowered shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Citigroup boosted their price target on shares of Colgate-Palmolive from $103.00 to $108.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Finally, UBS Group cut their price target on shares of Colgate-Palmolive from $109.00 to $106.00 and set a "buy" rating for the company in a report on Thursday, July 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Colgate-Palmolive has a consensus rating of "Hold" and an average target price of $100.58.

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.