OneAscent Investment Solutions LLC Invests $288,000 in Colgate-Palmolive Company $CL

Key Points

• OneAscent Investment Solutions LLC made a new investment of $288,000 in Colgate-Palmolive Company, acquiring 3,072 shares during the first quarter.
• Colgate-Palmolive reported $0.92 earnings per share for the last quarter, exceeding analysts' estimates of $0.89, with overall revenue rising by 1.0% year-over-year.
• As of now, 80.41% of Colgate-Palmolive's stock is held by institutional investors, with several analysts adjusting their price targets and ratings on the stock.

OneAscent Investment Solutions LLC acquired a new position in Colgate-Palmolive Company (NYSE:CL - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,072 shares of the company's stock, valued at approximately $288,000.

A number of other large investors have also modified their holdings of the company. Cornerstone Wealth Management LLC increased its holdings 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 acquiring an additional 110 shares during the period. Aberdeen Wealth Management LLC increased its stake in Colgate-Palmolive by 0.6% during the 4th quarter. Aberdeen Wealth Management LLC now owns 20,651 shares of the company's stock valued at $1,877,000 after buying an additional 125 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in Colgate-Palmolive by 4.0% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 3,388 shares of the company's stock valued at $317,000 after buying an additional 130 shares during the period. Continuum Advisory LLC increased its stake in Colgate-Palmolive by 17.2% during the 4th quarter. Continuum Advisory LLC now owns 893 shares of the company's stock valued at $81,000 after buying an additional 131 shares during the period. Finally, KFG Wealth Management LLC increased its stake in Colgate-Palmolive by 1.5% during the 1st quarter. KFG Wealth Management LLC now owns 8,835 shares of the company's stock valued at $828,000 after buying an additional 131 shares during the period. Institutional investors and hedge funds own 80.41% of the company's stock.

Analyst Ratings Changes

CL has been the topic of several research analyst reports. Citigroup lowered their target price on shares of Colgate-Palmolive from $108.00 to $105.00 and set a "buy" rating on the stock in a research note on Monday, August 4th. Barclays raised their price objective on shares of Colgate-Palmolive from $86.00 to $87.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. reduced their price objective on shares of Colgate-Palmolive from $99.00 to $95.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Wall Street Zen lowered shares of Colgate-Palmolive from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Finally, UBS Group reduced their price objective 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. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $98.92.

Colgate-Palmolive Stock Up 1.9%

CL traded up $1.5990 during midday trading on Tuesday, hitting $85.8590. 1,447,352 shares of the company's stock traded hands, compared to its average volume of 5,205,387. The company has a market cap of $69.39 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 4.42 and a beta of 0.35. The stock's fifty day simple moving average is $88.07 and its 200-day simple moving average is $89.98. The company has a debt-to-equity ratio of 6.79, a current ratio of 0.89 and a quick ratio of 0.57. Colgate-Palmolive Company has a one year low of $82.40 and a one year high of $109.30.

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, beating the consensus estimate of $0.89 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates 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 for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 earnings per share. As a group, equities analysts anticipate that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.4%. Colgate-Palmolive's dividend payout ratio (DPR) is currently 58.43%.

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.