Mitsubishi UFJ Trust & Banking Corp Grows Position in Colgate-Palmolive Company $CL

Mitsubishi UFJ Trust & Banking Corp increased its position in Colgate-Palmolive Company (NYSE:CL) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,068,812 shares of the company’s stock after purchasing an additional 7,686 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.13% of Colgate-Palmolive worth $85,441,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CL. Westside Investment Management Inc. boosted its holdings in shares of Colgate-Palmolive by 85.5% during the 2nd quarter. Westside Investment Management Inc. now owns 282 shares of the company’s stock valued at $26,000 after buying an additional 130 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its position in Colgate-Palmolive by 86.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 335 shares of the company’s stock valued at $30,000 after acquiring an additional 155 shares during the period. MTM Investment Management LLC bought a new stake in Colgate-Palmolive during the second quarter worth about $39,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Colgate-Palmolive in the second quarter worth about $44,000. Finally, Louisbourg Investments Inc. increased its stake in shares of Colgate-Palmolive by 94.7% during the third quarter. Louisbourg Investments Inc. now owns 514 shares of the company’s stock valued at $41,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 80.41% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CL shares. Weiss Ratings reissued a “hold (c)” rating on shares of Colgate-Palmolive in a research report on Wednesday. UBS Group lifted their price objective on Colgate-Palmolive from $90.00 to $93.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Citigroup dropped their target price on Colgate-Palmolive from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Evercore ISI reduced their price target on Colgate-Palmolive from $100.00 to $94.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Finally, TD Cowen dropped their price target on shares of Colgate-Palmolive from $90.00 to $86.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.44.

Colgate-Palmolive Stock Up 1.0%

CL stock opened at $86.67 on Friday. The stock has a market capitalization of $69.86 billion, a P/E ratio of 24.28, a P/E/G ratio of 5.82 and a beta of 0.30. The company has a debt-to-equity ratio of 5.90, a current ratio of 0.93 and a quick ratio of 0.60. Colgate-Palmolive Company has a 1-year low of $74.54 and a 1-year high of $100.18. The business has a fifty day moving average price of $80.07 and a 200-day moving average price of $81.58.

Colgate-Palmolive (NYSE:CL) last released its quarterly earnings data on Friday, October 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. Colgate-Palmolive had a return on equity of 333.39% and a net margin of 14.47%.The company had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same period last year, the company earned $0.91 EPS. Colgate-Palmolive’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities analysts forecast that Colgate-Palmolive Company will post 3.75 earnings per share for the current fiscal year.

Colgate-Palmolive Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Wednesday, January 21st will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, January 21st. Colgate-Palmolive’s payout ratio is presently 58.26%.

Colgate-Palmolive 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.