LPL Financial LLC Has $73.67 Million Stake in Colgate-Palmolive Company (NYSE:CL)

Key Points

• LPL Financial LLC increased its holdings in Colgate-Palmolive Company by 7.8%, now owning 786,216 shares valued at approximately $73.67 million.
• Colgate-Palmolive's stock has a current trading price of $85.76, and it has been experiencing mixed analyst ratings, with target prices ranging from $87.00 to $108.00.
• The company recently announced a quarterly dividend of $0.52 per share, translating to an annualized dividend of $2.08 and a yield of 2.43%.

LPL Financial LLC boosted its holdings in Colgate-Palmolive Company (NYSE:CL - Free Report) by 7.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 786,216 shares of the company's stock after buying an additional 57,061 shares during the period. LPL Financial LLC owned approximately 0.10% of Colgate-Palmolive worth $73,668,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC increased its stake in Colgate-Palmolive by 4.4% in the fourth quarter. Brighton Jones LLC now owns 10,578 shares of the company's stock valued at $962,000 after purchasing an additional 450 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Colgate-Palmolive during the fourth quarter worth $36,000. Summit Financial LLC increased its position in shares of Colgate-Palmolive by 6.1% during the fourth quarter. Summit Financial LLC now owns 14,134 shares of the company's stock worth $1,285,000 after acquiring an additional 807 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Colgate-Palmolive by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 20,518,014 shares of the company's stock worth $1,868,723,000 after acquiring an additional 324,683 shares in the last quarter. Finally, Groupama Asset Managment increased its position in shares of Colgate-Palmolive by 127.2% during the fourth quarter. Groupama Asset Managment now owns 31,767 shares of the company's stock worth $2,884,000 after acquiring an additional 17,788 shares in the last quarter. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Colgate-Palmolive Price Performance

CL stock traded down $0.34 during mid-day trading on Friday, hitting $83.51. The stock had a trading volume of 9,606,667 shares, compared to its average volume of 4,420,865. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 8.96. Colgate-Palmolive Company has a 52 week low of $82.70 and a 52 week high of $109.30. The firm has a market capitalization of $67.68 billion, a P/E ratio of 23.59, a P/E/G ratio of 4.32 and a beta of 0.37. The firm has a fifty day simple moving average of $89.59 and a 200 day simple moving average of $90.28.

Colgate-Palmolive (NYSE:CL - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Colgate-Palmolive had a net margin of 14.52% and a return on equity of 461.04%. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same period last year, the firm earned $0.91 EPS. The business's quarterly revenue was up 1.0% compared to the same quarter last year. As a group, research analysts forecast that Colgate-Palmolive Company will post 3.75 EPS for the current year.

Colgate-Palmolive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 18th will be paid 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 is Friday, July 18th. Colgate-Palmolive's dividend payout ratio (DPR) is presently 58.76%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Colgate-Palmolive from $86.00 to $87.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Wall Street Zen downgraded shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. decreased their target price on shares of Colgate-Palmolive from $103.00 to $99.00 and set an "overweight" rating for the company in a research report on Friday, July 25th. 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 report on Thursday, July 17th. Finally, Citigroup raised their target price on shares of Colgate-Palmolive from $103.00 to $108.00 and gave the company a "buy" rating in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $100.58.

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.