King Luther Capital Management Corp Has $125.92 Million Stock Holdings in Colgate-Palmolive Company (NYSE:CL)

Key Points

• King Luther Capital Management Corp has reduced its position in Colgate-Palmolive by 0.8%, now holding approximately $125.92 million worth of shares.
• Analysts have varying ratings on Colgate-Palmolive, with a consensus rating of "Hold" and an average price target of $98.92.
• Colgate-Palmolive reported earnings of $0.92 EPS for the last quarter, surpassing expectations and finishing the period with $5.11 billion in revenue.

King Luther Capital Management Corp lowered its holdings in shares of Colgate-Palmolive Company (NYSE:CL - Free Report) by 0.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,343,853 shares of the company's stock after selling 10,270 shares during the period. King Luther Capital Management Corp owned about 0.17% of Colgate-Palmolive worth $125,919,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CL. Cornerstone Wealth Management LLC lifted its stake in shares of Colgate-Palmolive by 1.2% in the 1st quarter. Cornerstone Wealth Management LLC now owns 9,035 shares of the company's stock worth $847,000 after purchasing an additional 110 shares during the period. Aberdeen Wealth Management LLC lifted its position in Colgate-Palmolive by 0.6% in the fourth quarter. Aberdeen Wealth Management LLC now owns 20,651 shares of the company's stock worth $1,877,000 after buying an additional 125 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in Colgate-Palmolive by 4.0% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 3,388 shares of the company's stock worth $317,000 after buying an additional 130 shares during the last quarter. Continuum Advisory LLC lifted its position in shares of Colgate-Palmolive by 17.2% during the fourth quarter. Continuum Advisory LLC now owns 893 shares of the company's stock worth $81,000 after purchasing an additional 131 shares during the last quarter. Finally, KFG Wealth Management LLC raised its holdings in shares of Colgate-Palmolive by 1.5% in the first quarter. KFG Wealth Management LLC now owns 8,835 shares of the company's stock valued at $828,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 80.41% of the company's stock.

Colgate-Palmolive Stock Performance

Shares of CL stock traded down $1.67 during trading hours on Thursday, reaching $84.67. 1,519,544 shares of the company's stock were exchanged, compared to its average volume of 5,232,065. Colgate-Palmolive Company has a fifty-two week low of $82.40 and a fifty-two week high of $109.30. The stock has a market capitalization of $68.43 billion, a P/E ratio of 23.78, a P/E/G ratio of 4.42 and a beta of 0.35. The business has a fifty day moving average price of $88.41 and a 200-day moving average price of $90.07. 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 (NYSE:CL - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $5.11 billion during the quarter, compared to analysts' expectations of $5.03 billion. Colgate-Palmolive had a return on equity of 377.63% and a net margin of 14.55%. The business's revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share. Analysts predict that Colgate-Palmolive Company will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, July 18th. Colgate-Palmolive's dividend payout ratio (DPR) is presently 58.43%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CL shares. JPMorgan Chase & Co. dropped their price target on Colgate-Palmolive from $99.00 to $95.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Wells Fargo & Company reduced their target price on Colgate-Palmolive from $88.00 to $83.00 and set an "underweight" rating for the company in a research note on Monday, August 4th. Wall Street Zen downgraded Colgate-Palmolive from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Barclays raised 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. Finally, Citigroup lowered their price target on Colgate-Palmolive from $108.00 to $105.00 and set a "buy" rating for the company in a report on Monday, August 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $98.92.

Colgate-Palmolive Company 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.