Sumitomo Mitsui Trust Group Inc. Purchases 38,836 Shares of Colgate-Palmolive Company $CL

Sumitomo Mitsui Trust Group Inc. raised its position in Colgate-Palmolive Company (NYSE:CL) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,959,458 shares of the company’s stock after buying an additional 38,836 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Colgate-Palmolive worth $156,639,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cidel Asset Management Inc. grew its holdings in Colgate-Palmolive by 13.6% during the second quarter. Cidel Asset Management Inc. now owns 329,060 shares of the company’s stock valued at $29,912,000 after purchasing an additional 39,413 shares during the period. Asset Management One Co. Ltd. boosted its position in Colgate-Palmolive by 3.9% during the third quarter. Asset Management One Co. Ltd. now owns 422,292 shares of the company’s stock worth $33,758,000 after purchasing an additional 16,017 shares during the period. Vanguard Group Inc. raised its position in shares of Colgate-Palmolive by 1.2% in the second quarter. Vanguard Group Inc. now owns 82,751,689 shares of the company’s stock valued at $7,522,129,000 after purchasing an additional 993,432 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Colgate-Palmolive by 18.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 30,273 shares of the company’s stock worth $2,752,000 after buying an additional 4,738 shares during the period. Finally, Welch Group LLC raised its holdings in Colgate-Palmolive by 1.5% during the 2nd quarter. Welch Group LLC now owns 665,041 shares of the company’s stock valued at $60,452,000 after acquiring an additional 9,689 shares during the period. Hedge funds and other institutional investors own 80.41% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CL shares. Citigroup dropped their price objective on Colgate-Palmolive from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Royal Bank Of Canada upgraded Colgate-Palmolive from a “sector perform” rating to an “outperform” rating and set a $88.00 price objective on the stock in a research report on Tuesday, December 9th. JPMorgan Chase & Co. lifted their price target on Colgate-Palmolive from $87.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft set a $86.00 price target on shares of Colgate-Palmolive in a research note on Friday, October 10th. Finally, Wells Fargo & Company set a $86.00 price target on Colgate-Palmolive in a research report on Tuesday. Eleven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.75.

Colgate-Palmolive Stock Up 0.5%

Shares of Colgate-Palmolive stock opened at $81.91 on Tuesday. The stock has a market capitalization of $66.03 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 5.52 and a beta of 0.30. The company has a debt-to-equity ratio of 5.90, a quick ratio of 0.60 and a current ratio of 0.93. The company’s 50 day moving average price is $78.85 and its 200-day moving average price is $81.87. Colgate-Palmolive Company has a 52-week low of $74.54 and a 52-week high of $100.18.

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

Colgate-Palmolive Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Wednesday, January 21st will be given a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. Colgate-Palmolive’s dividend payout ratio is currently 58.26%.

About Colgate-Palmolive

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.