Anchor Capital Advisors LLC Has $1.82 Million Stock Holdings in Colgate-Palmolive Company $CL

Anchor Capital Advisors LLC decreased its holdings in shares of Colgate-Palmolive Company (NYSE:CL) by 7.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,973 shares of the company’s stock after selling 1,626 shares during the period. Anchor Capital Advisors LLC’s holdings in Colgate-Palmolive were worth $1,816,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CL. Westside Investment Management Inc. grew its position in shares of Colgate-Palmolive by 85.5% during the 2nd quarter. Westside Investment Management Inc. now owns 282 shares of the company’s stock worth $26,000 after buying an additional 130 shares during the period. Cornerstone Planning Group LLC boosted its stake in Colgate-Palmolive by 1,913.3% during the first quarter. Cornerstone Planning Group LLC now owns 302 shares of the company’s stock worth $28,000 after acquiring an additional 287 shares in the last quarter. Saudi Central Bank acquired a new stake in Colgate-Palmolive in the first quarter worth $29,000. Ransom Advisory Ltd acquired a new stake in Colgate-Palmolive in the first quarter worth $33,000. Finally, Y.D. More Investments Ltd bought a new stake in Colgate-Palmolive in the first quarter valued at $37,000. 80.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CL has been the subject of several research reports. Citigroup reduced their target price on Colgate-Palmolive from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft set a $86.00 price objective on Colgate-Palmolive in a research note on Friday, October 10th. Morgan Stanley lowered their target price on Colgate-Palmolive from $96.00 to $87.00 and set an “overweight” rating on the stock in a research report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Colgate-Palmolive in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Colgate-Palmolive from $88.00 to $87.00 and set an “overweight” rating for the company in a research note on Monday. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.87.

Colgate-Palmolive Stock Performance

NYSE CL opened at $77.25 on Friday. The company has a fifty day moving average price of $79.84 and a 200-day moving average price of $85.88. The firm has a market cap of $62.44 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 4.44 and a beta of 0.35. 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 1 year low of $74.54 and a 1 year high of $100.18.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings results on Friday, October 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.02. The business had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $5.17 billion. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. As a group, equities research analysts predict that Colgate-Palmolive Company will post 3.75 EPS for the current fiscal year.

Colgate-Palmolive Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 17th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. Colgate-Palmolive’s dividend payout ratio is currently 58.26%.

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.