6,280 Shares in Colgate-Palmolive Company $CL Purchased by Arista Wealth Management LLC

Arista Wealth Management LLC acquired a new position in Colgate-Palmolive Company (NYSE:CL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,280 shares of the company’s stock, valued at approximately $571,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westend Capital Management LLC increased its position in Colgate-Palmolive by 111.1% in 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 during the period. Cornerstone Planning Group LLC increased its position in Colgate-Palmolive by 1,913.3% in the first quarter. Cornerstone Planning Group LLC now owns 302 shares of the company’s stock worth $28,000 after purchasing an additional 287 shares during the period. Saudi Central Bank acquired a new stake in Colgate-Palmolive in the first quarter worth about $29,000. Ransom Advisory Ltd acquired a new stake in Colgate-Palmolive in the first quarter worth about $33,000. Finally, Y.D. More Investments Ltd acquired a new stake in Colgate-Palmolive in the first quarter worth about $37,000. 80.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Colgate-Palmolive in a research report on Wednesday, October 8th. Morgan Stanley decreased their target price on Colgate-Palmolive from $104.00 to $96.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. UBS Group decreased their target price on Colgate-Palmolive from $99.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Citigroup decreased their target price on Colgate-Palmolive from $108.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, August 4th. Finally, Wells Fargo & Company decreased their target price on Colgate-Palmolive from $83.00 to $80.00 and set an “underweight” rating for the company in a research report on Thursday, September 25th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $92.21.

Colgate-Palmolive Price Performance

Shares of CL opened at $79.14 on Friday. The company has a debt-to-equity ratio of 6.79, a quick ratio of 0.57 and a current ratio of 0.89. The stock has a 50 day simple moving average of $81.96 and a 200 day simple moving average of $87.39. Colgate-Palmolive Company has a 52-week low of $76.68 and a 52-week high of $100.54. The firm has a market capitalization of $63.96 billion, a PE ratio of 22.23, a P/E/G ratio of 4.58 and a beta of 0.34.

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

Colgate-Palmolive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 17th will be paid a $0.52 dividend. The ex-dividend date is Friday, October 17th. This represents a $2.08 annualized dividend and a yield of 2.6%. Colgate-Palmolive’s payout ratio is presently 58.43%.

Colgate-Palmolive Company 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.