SG Americas Securities LLC Sells 84,699 Shares of Colgate-Palmolive Company $CL

SG Americas Securities LLC decreased its position in Colgate-Palmolive Company (NYSE:CL) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,104,306 shares of the company’s stock after selling 84,699 shares during the quarter. SG Americas Securities LLC’s holdings in Colgate-Palmolive were worth $94,120,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. HighPoint Advisor Group LLC increased its holdings in Colgate-Palmolive by 0.7% during the 4th quarter. HighPoint Advisor Group LLC now owns 15,877 shares of the company’s stock valued at $1,255,000 after purchasing an additional 109 shares during the period. Clear Harbor Asset Management LLC lifted its holdings in Colgate-Palmolive by 2.6% in the 4th quarter. Clear Harbor Asset Management LLC now owns 4,503 shares of the company’s stock worth $356,000 after buying an additional 113 shares during the period. Moneta Group Investment Advisors LLC grew its position in shares of Colgate-Palmolive by 0.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,506 shares of the company’s stock worth $1,225,000 after buying an additional 114 shares during the last quarter. Sunpointe LLC increased its stake in shares of Colgate-Palmolive by 4.0% during the fourth quarter. Sunpointe LLC now owns 3,056 shares of the company’s stock valued at $241,000 after buying an additional 117 shares during the period. Finally, TD Capital Management LLC increased its stake in shares of Colgate-Palmolive by 61.4% during the fourth quarter. TD Capital Management LLC now owns 326 shares of the company’s stock valued at $26,000 after buying an additional 124 shares during the period. 80.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CL. Rothschild & Co Redburn set a $100.00 price target on Colgate-Palmolive and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $99.00 target price on shares of Colgate-Palmolive in a research note on Monday, May 4th. JPMorgan Chase & Co. boosted their price target on shares of Colgate-Palmolive from $95.00 to $96.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Morgan Stanley restated an “overweight” rating on shares of Colgate-Palmolive in a report on Monday, May 4th. Finally, TD Cowen reiterated a “hold” rating and set a $85.00 target price on shares of Colgate-Palmolive in a report on Tuesday, March 31st. Twelve research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.88.

Colgate-Palmolive Stock Up 0.3%

Shares of Colgate-Palmolive stock opened at $89.74 on Monday. Colgate-Palmolive Company has a 1 year low of $74.54 and a 1 year high of $99.33. The firm has a market cap of $71.81 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 4.72 and a beta of 0.33. The company has a 50-day moving average of $87.40 and a 200 day moving average of $86.65. The company has a debt-to-equity ratio of 16.33, a current ratio of 1.02 and a quick ratio of 0.67.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03. Colgate-Palmolive had a net margin of 10.04% and a return on equity of 386.76%. The business had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Colgate-Palmolive’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Colgate-Palmolive Company will post 3.81 earnings per share for the current fiscal year.

Colgate-Palmolive Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, July 20th will be paid a $0.53 dividend. The ex-dividend date is Monday, July 20th. This represents a $2.12 annualized dividend and a dividend yield of 2.4%. Colgate-Palmolive’s dividend payout ratio is presently 82.49%.

Colgate-Palmolive Company Profile

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.