Diversified Trust Co Raises Stock Holdings in Colgate-Palmolive Company $CL

Key Points

• Diversified Trust Co increased its holdings in Colgate-Palmolive Company by 6.8%, now owning 85,111 shares valued at approximately $7.74 million.
• Colgate-Palmolive's latest quarterly earnings surpassed expectations, reporting $0.92 earnings per share and revenue of $5.11 billion, indicating a growth of 1.0% year-over-year.
• The company plans to distribute a $0.52 quarterly dividend on November 14th, providing a yield of 2.6% based on its current stock price.

Diversified Trust Co raised its holdings in Colgate-Palmolive Company (NYSE:CL - Free Report) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,111 shares of the company's stock after purchasing an additional 5,415 shares during the quarter. Diversified Trust Co's holdings in Colgate-Palmolive were worth $7,737,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Colgate-Palmolive by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 81,758,257 shares of the company's stock valued at $7,660,749,000 after purchasing an additional 455,198 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Colgate-Palmolive by 18.3% in 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 acquiring an additional 5,269,140 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Colgate-Palmolive by 34.5% in the first quarter. Goldman Sachs Group Inc. now owns 7,980,387 shares of the company's stock worth $747,762,000 after acquiring an additional 2,045,191 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Colgate-Palmolive by 3.7% during the first quarter. Deutsche Bank AG now owns 7,176,598 shares of the company's stock worth $672,447,000 after purchasing an additional 253,604 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Colgate-Palmolive by 2.6% during the first quarter. Ameriprise Financial Inc. now owns 6,976,654 shares of the company's stock worth $653,761,000 after purchasing an additional 177,833 shares during the period. Hedge funds and other institutional investors own 80.41% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CL shares. JPMorgan Chase & Co. dropped their target price on shares of Colgate-Palmolive from $99.00 to $95.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Citigroup lowered their price target on Colgate-Palmolive from $108.00 to $105.00 and set a "buy" rating for the company in a research note on Monday, August 4th. Barclays increased their target price on Colgate-Palmolive from $86.00 to $87.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. UBS Group decreased their target price on shares of Colgate-Palmolive from $109.00 to $106.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Finally, Wells Fargo & Company cut their price target on Colgate-Palmolive from $88.00 to $83.00 and set an "underweight" rating for the company in a report on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Colgate-Palmolive presently has a consensus rating of "Moderate Buy" and a consensus price target of $98.00.

Colgate-Palmolive Stock Up 0.0%

Colgate-Palmolive stock traded up $0.03 during mid-day trading on Tuesday, hitting $79.39. The company had a trading volume of 1,286,096 shares, compared to its average volume of 5,211,006. The company has a market capitalization of $64.17 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 4.22 and a beta of 0.35. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 6.79. Colgate-Palmolive Company has a 12 month low of $78.76 and a 12 month high of $104.49. The stock's 50 day moving average price is $84.78 and its two-hundred day moving average price is $89.05.

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

Colgate-Palmolive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 17th will be given a $0.52 dividend. The ex-dividend date is Friday, October 17th. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. Colgate-Palmolive's dividend 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.