Oregon Public Employees Retirement Fund Buys 200 Shares of Colgate-Palmolive Company $CL

Oregon Public Employees Retirement Fund raised its stake in shares of Colgate-Palmolive Company (NYSE:CL) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,944 shares of the company’s stock after buying an additional 200 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Colgate-Palmolive were worth $6,358,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Westend Capital Management LLC boosted its position in shares of Colgate-Palmolive by 111.1% during the first quarter. Westend Capital Management LLC now owns 266 shares of the company’s stock worth $25,000 after purchasing an additional 140 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings 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 position in Colgate-Palmolive in the first quarter valued at about $29,000. Ransom Advisory Ltd bought a new stake in shares of Colgate-Palmolive in the first quarter worth about $33,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Colgate-Palmolive during the first quarter worth about $37,000. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CL. Weiss Ratings reissued a “hold (c)” rating on shares of Colgate-Palmolive in a research note on Wednesday, October 8th. Barclays lowered their price objective on shares of Colgate-Palmolive from $87.00 to $82.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft set a $86.00 price objective on shares of Colgate-Palmolive in a research report on Friday. JPMorgan Chase & Co. lowered their target price on Colgate-Palmolive from $95.00 to $88.00 and set an “overweight” rating for the company in a report on Friday. Finally, UBS Group cut their price target on Colgate-Palmolive from $99.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Colgate-Palmolive has an average rating of “Moderate Buy” and a consensus price target of $92.21.

Colgate-Palmolive Trading Down 1.2%

Colgate-Palmolive stock opened at $76.99 on Tuesday. The stock has a 50-day simple moving average of $82.44 and a 200 day simple moving average of $87.73. The stock has a market capitalization of $62.22 billion, a P/E ratio of 21.63, a PEG ratio of 4.29 and a beta of 0.34. The company has a debt-to-equity ratio of 6.79, a quick ratio of 0.57 and a current ratio of 0.89. Colgate-Palmolive Company has a 52 week low of $76.68 and a 52 week high of $102.61.

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

Colgate-Palmolive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 17th. Colgate-Palmolive’s payout ratio is currently 58.43%.

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.