D.A. Davidson & CO. Has $10.30 Million Stock Position in Colgate-Palmolive Company $CL

D.A. Davidson & CO. boosted its position in shares of Colgate-Palmolive Company (NYSE:CL) by 1.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,322 shares of the company’s stock after purchasing an additional 1,231 shares during the period. D.A. Davidson & CO.’s holdings in Colgate-Palmolive were worth $10,301,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Westend Capital Management LLC boosted its position in Colgate-Palmolive by 111.1% during the first quarter. Westend Capital Management LLC now owns 266 shares of the company’s stock valued at $25,000 after purchasing an additional 140 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in shares of 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 buying an additional 287 shares during the last quarter. Saudi Central Bank acquired a new stake in shares of Colgate-Palmolive in the first quarter worth about $29,000. Ransom Advisory Ltd acquired 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 in the first quarter worth about $37,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

Wall Street Analysts Forecast Growth

CL has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target 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. Citigroup reduced their price target 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. Bank of America reduced their price target on Colgate-Palmolive from $98.00 to $88.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Raymond James Financial reduced their price target on Colgate-Palmolive from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft set a $86.00 price target on Colgate-Palmolive in a research report on Friday, October 10th. Eight equities 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.50.

Colgate-Palmolive Price Performance

NYSE CL opened at $79.86 on Thursday. Colgate-Palmolive Company has a twelve month low of $76.68 and a twelve month high of $100.18. 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 market capitalization of $64.54 billion, a PE ratio of 22.43, a P/E/G ratio of 4.61 and a beta of 0.34. The stock has a 50-day simple moving average of $81.59 and a 200 day simple moving average of $87.08.

Colgate-Palmolive (NYSE:CL) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.92 earnings per share for the quarter, topping 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 analysts’ expectations of $5.03 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. Research analysts anticipate that Colgate-Palmolive Company will post 3.75 EPS for the current year.

Colgate-Palmolive Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 17th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 17th. Colgate-Palmolive’s dividend payout ratio (DPR) 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.