Koshinski Asset Management Inc. Raises Stock Position in Colgate-Palmolive Company $CL

Koshinski Asset Management Inc. increased its position in shares of Colgate-Palmolive Company (NYSE:CL) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,115 shares of the company’s stock after acquiring an additional 934 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Colgate-Palmolive were worth $1,101,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CL. Citizens Business Bank grew its holdings in Colgate-Palmolive by 0.8% in the second quarter. Citizens Business Bank now owns 29,297 shares of the company’s stock worth $2,663,000 after purchasing an additional 232 shares during the last quarter. Stanley Laman Group Ltd. boosted its position in shares of Colgate-Palmolive by 16.3% in the 2nd quarter. Stanley Laman Group Ltd. now owns 2,942 shares of the company’s stock worth $267,000 after purchasing an additional 413 shares in the last quarter. Chevy Chase Trust Holdings LLC grew its stake in Colgate-Palmolive by 0.6% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 435,588 shares of the company’s stock worth $39,595,000 after buying an additional 2,533 shares during the last quarter. Arista Wealth Management LLC acquired a new position in Colgate-Palmolive during the 2nd quarter valued at about $571,000. Finally, Koa Wealth Management LLC purchased a new stake in Colgate-Palmolive in the second quarter valued at about $841,000. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Colgate-Palmolive Stock Performance

CL opened at $79.14 on Friday. The stock has a market cap of $63.96 billion, a P/E ratio of 22.23, a P/E/G ratio of 4.64 and a beta of 0.34. The company has a debt-to-equity ratio of 6.79, a current ratio of 0.89 and a quick ratio of 0.57. The firm has a fifty day moving average price of $81.96 and a 200 day moving average price of $87.34. Colgate-Palmolive Company has a 1 year low of $76.68 and a 1 year high of $100.54.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, August 1st. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Colgate-Palmolive had a net margin of 14.55% and a return on equity of 377.63%. The company had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities research analysts anticipate that Colgate-Palmolive Company will post 3.75 earnings per share for the current year.

Colgate-Palmolive Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 17th will be given a dividend of $0.52 per share. The ex-dividend date is Friday, October 17th. This represents a $2.08 dividend on an annualized basis and a yield of 2.6%. Colgate-Palmolive’s dividend payout ratio is currently 58.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CL shares. Barclays dropped their price target on Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Bank of America cut their price target on shares of Colgate-Palmolive from $98.00 to $88.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $86.00 target price on Colgate-Palmolive in a research note on Friday, October 10th. Morgan Stanley dropped their price objective on shares of Colgate-Palmolive from $104.00 to $96.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Finally, Wells Fargo & Company lowered their price target on shares of Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, September 25th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.21.

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.