Steward Partners Investment Advisory LLC Lowers Stock Holdings in Colgate-Palmolive Company $CL

Key Points

• Steward Partners Investment Advisory LLC reduced its holdings in Colgate-Palmolive Company by 21.5% in the first quarter, owning 57,204 shares valued at $5.36 million after selling 15,623 shares.
• Colgate-Palmolive reported earnings per share (EPS) of $0.92 for the last quarter, exceeding analysts' expectations of $0.89, with revenues reaching $5.11 billion.
• Several analysts have recently revised their price targets for Colgate-Palmolive, with Wells Fargo & Company lowering it from $88.00 to $83.00 and maintaining an "underweight" rating on the stock.

Steward Partners Investment Advisory LLC trimmed its holdings in Colgate-Palmolive Company (NYSE:CL - Free Report) by 21.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,204 shares of the company's stock after selling 15,623 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Colgate-Palmolive were worth $5,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Boston Family Office LLC increased its holdings in shares of Colgate-Palmolive by 21.3% during the first quarter. Boston Family Office LLC now owns 7,960 shares of the company's stock valued at $746,000 after acquiring an additional 1,400 shares in the last quarter. Gen Wealth Partners Inc increased its holdings in shares of Colgate-Palmolive by 9.5% during the first quarter. Gen Wealth Partners Inc now owns 14,910 shares of the company's stock valued at $1,397,000 after acquiring an additional 1,298 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Colgate-Palmolive by 12.1% during the first quarter. American Century Companies Inc. now owns 915,313 shares of the company's stock valued at $85,765,000 after acquiring an additional 98,605 shares in the last quarter. Ethic Inc. increased its holdings in shares of Colgate-Palmolive by 9.6% during the first quarter. Ethic Inc. now owns 130,983 shares of the company's stock valued at $12,299,000 after acquiring an additional 11,441 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Colgate-Palmolive by 13.9% during the first quarter. EverSource Wealth Advisors LLC now owns 5,541 shares of the company's stock valued at $519,000 after acquiring an additional 675 shares in the last quarter. 80.41% of the stock is currently owned by institutional investors.

Colgate-Palmolive Stock Performance

Shares of Colgate-Palmolive stock traded down $1.0230 during trading hours on Monday, reaching $84.9170. 831,836 shares of the stock traded hands, compared to its average volume of 5,192,848. The company has a 50 day moving average price of $87.60 and a 200 day moving average price of $89.96. The firm has a market capitalization of $68.63 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 4.47 and a beta of 0.35. Colgate-Palmolive Company has a one year low of $82.40 and a one year high of $109.30. 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 released 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 business had revenue of $5.11 billion during 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 business's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. On average, equities research 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 disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were paid a dividend of $0.52 per share. The ex-dividend date was Friday, July 18th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.4%. Colgate-Palmolive's payout ratio is 58.43%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup reduced 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. Wall Street Zen downgraded Colgate-Palmolive from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Barclays lifted their price objective on Colgate-Palmolive from $86.00 to $87.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Wells Fargo & Company reduced their price target on shares of Colgate-Palmolive from $88.00 to $83.00 and set an "underweight" rating for the company in a research note on Monday, August 4th. Finally, Morgan Stanley reduced their price target on shares of Colgate-Palmolive from $104.00 to $96.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $98.92.

Colgate-Palmolive 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.