Vident Advisory LLC Sells 12,497 Shares of Colgate-Palmolive Company $CL

Key Points

• Vident Advisory LLC has reduced its stake in Colgate-Palmolive Company by 32.9%, now holding 25,497 shares valued at approximately $2.39 million.
• Colgate-Palmolive's recent quarterly earnings exceeded expectations, reporting earnings of $0.92 per share and revenue of $5.11 billion, marking a year-over-year revenue increase of 1.0%.
• The company's Board announced a quarterly dividend of $0.52 per share, reflecting a 2.5% dividend yield with a payout ratio of 58.43%.

Vident Advisory LLC lowered its holdings in shares of Colgate-Palmolive Company (NYSE:CL - Free Report) by 32.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,497 shares of the company's stock after selling 12,497 shares during the period. Vident Advisory LLC's holdings in Colgate-Palmolive were worth $2,389,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Cornerstone Wealth Management LLC boosted 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 valued at $847,000 after purchasing an additional 110 shares in the last quarter. Aberdeen Wealth Management LLC boosted its stake in shares of Colgate-Palmolive by 0.6% in the 4th quarter. Aberdeen Wealth Management LLC now owns 20,651 shares of the company's stock valued at $1,877,000 after purchasing an additional 125 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake in shares of Colgate-Palmolive by 4.0% in 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 purchasing an additional 130 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of Colgate-Palmolive by 17.2% in the 4th quarter. Continuum Advisory LLC now owns 893 shares of the company's stock valued at $81,000 after purchasing an additional 131 shares in the last quarter. Finally, KFG Wealth Management LLC boosted its stake in shares of Colgate-Palmolive by 1.5% in the 1st quarter. KFG Wealth Management LLC now owns 8,835 shares of the company's stock valued at $828,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 80.41% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CL shares. Morgan Stanley reduced their target price on shares of Colgate-Palmolive from $104.00 to $96.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Wells Fargo & Company reduced their price target on shares of Colgate-Palmolive from $88.00 to $83.00 and set an "underweight" rating on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. reduced their price target 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. Barclays upped their price target 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. Finally, Citigroup reduced their price target on shares of Colgate-Palmolive from $108.00 to $105.00 and set a "buy" rating on the stock in a research report on Monday, August 4th. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Colgate-Palmolive presently has an average rating of "Moderate Buy" and a consensus target price of $98.92.

Colgate-Palmolive Trading Up 1.7%

NYSE:CL traded up $1.46 on Friday, hitting $85.13. 6,165,415 shares of the stock were exchanged, compared to its average volume of 4,410,816. The stock has a market capitalization of $68.80 billion, a price-to-earnings ratio of 23.91, a P/E/G ratio of 4.35 and a beta of 0.35. Colgate-Palmolive Company has a 52 week low of $82.40 and a 52 week high of $109.04. The company has a debt-to-equity ratio of 6.79, a quick ratio of 0.57 and a current ratio of 0.89. The company's 50-day moving average price is $86.74 and its 200 day moving average price is $89.74.

Colgate-Palmolive (NYSE:CL - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. The firm 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 company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. On average, equities research analysts forecast that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, July 18th. Colgate-Palmolive's payout ratio is currently 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.