Sumitomo Mitsui DS Asset Management Company Ltd Acquires 1,192 Shares of Colgate-Palmolive (NYSE:CL)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Colgate-Palmolive (NYSE:CL) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,564 shares of the company’s stock after purchasing an additional 1,192 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Colgate-Palmolive were worth $9,079,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CL. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in shares of Colgate-Palmolive during the 4th quarter valued at about $1,636,000. Mather Group LLC. raised its position in shares of Colgate-Palmolive by 13.4% in the fourth quarter. Mather Group LLC. now owns 6,729 shares of the company’s stock valued at $536,000 after purchasing an additional 794 shares during the period. Choreo LLC lifted its stake in shares of Colgate-Palmolive by 40.3% in the fourth quarter. Choreo LLC now owns 7,024 shares of the company’s stock worth $560,000 after buying an additional 2,018 shares during the last quarter. Intrust Bank NA boosted its holdings in shares of Colgate-Palmolive by 16.6% during the 4th quarter. Intrust Bank NA now owns 4,212 shares of the company’s stock worth $336,000 after buying an additional 600 shares during the period. Finally, Kestra Private Wealth Services LLC grew its stake in Colgate-Palmolive by 52.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 45,645 shares of the company’s stock valued at $3,638,000 after buying an additional 15,721 shares during the last quarter. Institutional investors own 80.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CL shares. BNP Paribas started coverage on Colgate-Palmolive in a research report on Monday, June 24th. They issued an “outperform” rating and a $109.00 price target on the stock. Wells Fargo & Company lifted their price target on Colgate-Palmolive from $92.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 10th. Sanford C. Bernstein increased their price objective on Colgate-Palmolive from $100.00 to $103.00 and gave the company a “market perform” rating in a research report on Tuesday, July 30th. Evercore ISI raised their price objective on shares of Colgate-Palmolive from $100.00 to $106.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Finally, Morgan Stanley upped their target price on shares of Colgate-Palmolive from $103.00 to $111.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Colgate-Palmolive has an average rating of “Moderate Buy” and a consensus price target of $101.11.

Insider Activity at Colgate-Palmolive

In related news, insider Sally Massey sold 15,850 shares of Colgate-Palmolive stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $103.28, for a total value of $1,636,988.00. Following the completion of the transaction, the insider now directly owns 13,942 shares of the company’s stock, valued at $1,439,929.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Panagiotis Tsourapas sold 14,794 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $102.94, for a total transaction of $1,522,894.36. Following the completion of the sale, the insider now owns 5,146 shares in the company, valued at $529,729.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Sally Massey sold 15,850 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $103.28, for a total value of $1,636,988.00. Following the transaction, the insider now directly owns 13,942 shares in the company, valued at approximately $1,439,929.76. The disclosure for this sale can be found here. Insiders sold 43,490 shares of company stock valued at $4,486,063 in the last three months. Corporate insiders own 0.34% of the company’s stock.

Colgate-Palmolive Stock Performance

Colgate-Palmolive stock opened at $106.50 on Friday. Colgate-Palmolive has a 52-week low of $67.62 and a 52-week high of $106.72. The company has a debt-to-equity ratio of 16.90, a current ratio of 1.06 and a quick ratio of 0.28. The stock has a fifty day moving average price of $99.92 and a two-hundred day moving average price of $93.45. The firm has a market capitalization of $87.38 billion, a P/E ratio of 33.70, a P/E/G ratio of 3.54 and a beta of 0.39.

Colgate-Palmolive (NYSE:CL) last announced its quarterly earnings results on Friday, July 26th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5 billion. Colgate-Palmolive had a net margin of 14.21% and a return on equity of 470.19%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.77 EPS. As a group, analysts anticipate that Colgate-Palmolive will post 3.57 EPS for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Friday, July 19th were given a dividend of $0.50 per share. The ex-dividend date was Friday, July 19th. This represents a $2.00 dividend on an annualized basis and a yield of 1.88%. Colgate-Palmolive’s dividend payout ratio (DPR) is presently 63.29%.

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.