Colgate-Palmolive Company (NYSE:CL) Shares Sold by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC cut its position in Colgate-Palmolive Company by 55.7% during the first quarter, now holding 45,507 shares worth approximately $4.26 million.
• Colgate-Palmolive reported a 12-month low of $82.40 and a high of $109.30, with a current market cap of $67.15 billion and a price-to-earnings ratio of 23.34.
• The company is set to pay a quarterly dividend of $0.52 on August 15th, resulting in an annualized dividend of $2.08 and a yield of 2.5%.

New Age Alpha Advisors LLC reduced its position in Colgate-Palmolive Company (NYSE:CL - Free Report) by 55.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,507 shares of the company's stock after selling 57,309 shares during the quarter. New Age Alpha Advisors LLC's holdings in Colgate-Palmolive were worth $4,264,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northern Trust Corp grew its holdings in shares of Colgate-Palmolive by 11.7% during the fourth quarter. Northern Trust Corp now owns 9,497,819 shares of the company's stock valued at $863,447,000 after buying an additional 993,328 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Colgate-Palmolive by 35.6% during the fourth quarter. Deutsche Bank AG now owns 6,922,994 shares of the company's stock valued at $629,369,000 after buying an additional 1,816,865 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Colgate-Palmolive by 3.8% during the fourth quarter. Ameriprise Financial Inc. now owns 6,798,821 shares of the company's stock valued at $617,359,000 after buying an additional 246,908 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Colgate-Palmolive by 2.7% during the fourth quarter. Invesco Ltd. now owns 6,537,918 shares of the company's stock valued at $594,362,000 after buying an additional 169,140 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Colgate-Palmolive by 11.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,299,989 shares of the company's stock valued at $572,732,000 after buying an additional 632,653 shares during the last quarter. 80.41% of the stock is owned by hedge funds and other institutional investors.

Colgate-Palmolive Price Performance

Shares of Colgate-Palmolive stock traded down $0.00 during trading hours on Friday, reaching $84.71. The stock had a trading volume of 4,133,894 shares, compared to its average volume of 4,850,591. The stock's 50 day moving average is $88.76 and its 200 day moving average is $90.15. The firm has a market capitalization of $68.46 billion, a PE ratio of 23.79, a PEG ratio of 4.41 and a beta of 0.35. Colgate-Palmolive Company has a twelve month low of $82.40 and a twelve month high of $109.30. The company has a current ratio of 0.89, a quick ratio of 0.28 and a debt-to-equity ratio of 6.79.

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 for the quarter, topping analysts' consensus estimates of $0.89 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.03 billion. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. The company's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Equities analysts expect that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, July 18th. Colgate-Palmolive's dividend payout ratio is 58.43%.

Wall Street Analyst Weigh In

Several research firms have commented on CL. Wells Fargo & Company lowered their price target on shares of Colgate-Palmolive from $88.00 to $83.00 and set an "underweight" rating on the stock in a report on Monday, August 4th. Citigroup lowered their price target on shares of Colgate-Palmolive from $108.00 to $105.00 and set a "buy" rating on the stock in a report on Monday, August 4th. Wall Street Zen lowered shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price target on shares of Colgate-Palmolive from $99.00 to $95.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. Finally, UBS Group lowered their price target on shares of Colgate-Palmolive from $109.00 to $106.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $98.92.

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.