TD Private Client Wealth LLC Has $2.93 Million Stock Position in Colgate-Palmolive Company $CL

TD Private Client Wealth LLC boosted its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 1,485.8% during the third quarter, Holdings Channel reports. The fund owned 36,616 shares of the company’s stock after acquiring an additional 34,307 shares during the period. TD Private Client Wealth LLC’s holdings in Colgate-Palmolive were worth $2,927,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Liberty One Investment Management LLC increased its holdings in shares of Colgate-Palmolive by 33.6% in the third quarter. Liberty One Investment Management LLC now owns 81,005 shares of the company’s stock valued at $6,475,000 after purchasing an additional 20,353 shares in the last quarter. Rempart Asset Management Inc. lifted its holdings in Colgate-Palmolive by 0.8% during the 3rd quarter. Rempart Asset Management Inc. now owns 255,973 shares of the company’s stock worth $20,462,000 after buying an additional 1,935 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Colgate-Palmolive by 2.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,959,458 shares of the company’s stock valued at $156,639,000 after buying an additional 38,836 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Colgate-Palmolive in the 3rd quarter valued at $1,105,000. Finally, MGO One Seven LLC raised its position in shares of Colgate-Palmolive by 4.1% during the third quarter. MGO One Seven LLC now owns 14,940 shares of the company’s stock worth $1,194,000 after acquiring an additional 589 shares during the last quarter. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CL. Argus reiterated a “hold” rating on shares of Colgate-Palmolive in a report on Thursday, December 11th. Morgan Stanley dropped their price target on shares of Colgate-Palmolive from $96.00 to $87.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Evercore ISI cut their price objective on shares of Colgate-Palmolive from $100.00 to $94.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Royal Bank Of Canada raised shares of Colgate-Palmolive from a “sector perform” rating to an “outperform” rating and set a $88.00 target price for the company in a report on Tuesday, December 9th. Finally, Wells Fargo & Company set a $86.00 price target on Colgate-Palmolive and gave the company an “equal weight” rating in a research note on Tuesday. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Colgate-Palmolive currently has an average rating of “Moderate Buy” and a consensus target price of $88.75.

Colgate-Palmolive Stock Up 1.3%

Shares of NYSE CL opened at $82.99 on Wednesday. Colgate-Palmolive Company has a 52-week low of $74.54 and a 52-week high of $100.18. The company has a debt-to-equity ratio of 5.90, a quick ratio of 0.60 and a current ratio of 0.93. The stock has a market cap of $66.90 billion, a P/E ratio of 23.25, a P/E/G ratio of 5.55 and a beta of 0.30. The firm has a 50 day moving average price of $78.98 and a 200 day moving average price of $81.82.

Colgate-Palmolive (NYSE:CL) last posted its 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 company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.17 billion. Colgate-Palmolive had a net margin of 14.47% and a return on equity of 333.39%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. Analysts expect that Colgate-Palmolive Company will post 3.75 EPS for the current year.

Colgate-Palmolive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Wednesday, January 21st will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $2.08 dividend on an annualized basis and a yield of 2.5%. Colgate-Palmolive’s payout ratio is presently 58.26%.

About Colgate-Palmolive

Colgate-Palmolive Company is a global consumer products company with a long history in household and personal care categories. The business traces its roots to the early 19th century and has evolved into a multinational manufacturer and marketer of everyday consumer goods focused on health, hygiene and home care.

The company’s core activities center on oral care, personal care, home care and pet nutrition. Its product portfolio includes toothpaste, toothbrushes and mouthwash in oral care; soaps, body washes and deodorants in personal care; dishwashing liquids, surface cleaners and other household products in home care; and scientifically formulated pet foods under its pet nutrition business.